All items from St. Louis Bankruptcy Attorney Blog of the A & L, Licker Law Firm, LLC

In an update from a previous post, a bill that would prevent local governments from being able to require lenders to offer mediation to homeowners facing foreclosure is nearing passage in the Missouri Senate. The bill, passed by the Missouri House of Representatives a few weeks ago, would directly oppose ordinances passed in St. Louis [...]



Posted 1 week 5 days ago

        Last week, I gave an update on the status of foreclosure mediation ordinances in St. Louis City and St. Louis County that are currently being challenged in the courts by lenders in Missouri. On the other side of the river in Illinois, the Illinois Supreme Court has adopted new rules allowing its courts to [...]



Posted 2 weeks 4 days ago

Recently, the Missouri State House of Representatives passed a bill that would supersede the ordinances requiring mediation before a lender forecloses on a home in St. Louis or St. Louis County. The bill is now being sent to the Senate and would likely prevent the city and county from enforcing their ordinances.   The ordinances [...]



Posted 4 weeks 4 days ago

This question has to be one of the most frequent questions I hear as a bankruptcy attorney.  Most people believe that if they file a bankruptcy they are going to lose everything, including their vehicle.  That, in most cases, is just simply not true.  In Missouri, you can protect up to $3,000 in vehicle equity [...]



Posted 7 weeks 4 days ago

If you are considering filing a Chapter  7 or Chapter 13 bankruptcy it is important to be able to classify your debts as secured and unsecured.  These debts are treated very differently in both Chapter 7 bankruptcies and Chapter 13 bankruptcies.  If you file a Chapter 7 the unsecured debts will be discharged in the [...]



Posted 7 weeks 4 days ago

Head of Household Exemption in Bankruptcy   If you decide to come in and speak with an attorney regarding a bankruptcy filing it is likely that the attorney will ask you how many children you have living with you that are under 21.  These children that are living with you that you are helping take [...]



Posted 13 weeks 2 days ago

A common concern for debtors that are considering filing for bankruptcy is whether or not they are going to lose their vehicle if they file a bankruptcy.  The answer to this question depends on several factors so it would be in your best interest, if this is a concern of yours, to consult a bankruptcy [...]



Posted 15 weeks 3 days ago

Payday loans, or paycheck advances, are high interest rate loans designed to help the borrower receive some quick cash to help any financial burdens until they receive their next paycheck.  Since these payday loans have such a high interest rate, they become very devastating to borrowers.  If borrowers are relying heavily on these loans, their [...]



Posted 21 weeks 3 days ago

A common misconception of filing a Chapter 7 bankruptcy and surrendering your house, or “walking away” from it, is that once your case is filed you no longer are responsible for taking care of that property.  That simply is not the case.  Until the bank actually comes in and forecloses on the property you remain [...]



Posted 21 weeks 3 days ago

A Tenancy by the Entirety (TBE) is a form of property ownership in Missouri, and a few other states, reserved for married couples.  Missouri recognizes TBE ownership in both real and personal property. Property owned as tenants by the entirety belongs to the marriage, which means that both husband and wife own the property as one person, [...]



Posted 23 weeks 3 days ago