Top Springfield, MO Bankruptcy Lawyers

Springfield, MO Bankruptcy FAQs

• Where do I file for bankruptcy in Springfield, Missouri?

  To file for bankruptcy in Springfield, Missouri, you would need to visit the United States Courthouse located at 222 N. John Q. Hammons Parkway, Springfield, MO 65806. The courthouse can be contacted at 417-865-3869. You will be required to present photo identification upon entering the courthouse. The courthouse operates from 7:30 am to 5:00 pm, Monday through Friday, except on holidays.

• Where can I get bankruptcy forms in Springfield, Missouri?

  You can obtain bankruptcy forms in Springfield by visiting the website of the United States Courts at https://www.uscourts.gov/forms/bankruptcy-forms. On this website, you will find a comprehensive collection of bankruptcy forms that you can download and print. These forms are provided by the court system and are necessary for filing for bankruptcy. Be sure to select the appropriate forms based on the chapter of bankruptcy you plan to file.

• What assets are exempt when filing for bankruptcy in Springfield?

  There are various common exemptions available when declaring bankruptcy in Springfield to protect assets. These include up to $3,000 in equity in a car, up to $15,000 in house equity or $5,000 in mobile home equity, a $600 wildcard exemption for non-exempt items, and up to $3,000 in personal property like clothing and furniture. Allowances are also made for jewelry, weapons, tax-free retirement accounts, and health savings accounts.

• Is it possible to file bankruptcy on credit cards in Springfield?

  Yes, it is possible to file bankruptcy on credit cards in Springfield. Credit card debt is one type of unsecured debt that can be discharged in bankruptcy, offering those who are drowning in debt this possibility of relief. Whether Chapter 7 or Chapter 13 bankruptcy is the appropriate option depends on the individual's specific circumstances.

• Do you need to include your spouse's income when filing for bankruptcy in Springfield without their involvement?

  It is important to include your spouse's income if they reside in the same household as you in the Chapter 7 means test calculations. Household income plays a role in determining eligibility for Chapter 7 bankruptcy and can impact whether your income surpasses the median income threshold set for your state.

• What are the income thresholds for Chapter 7 bankruptcy in Springfield?

  The income thresholds for Chapter 7 bankruptcy in Springfield are regularly updated based on federal data. As of 2021, if your income is below certain limits, you may qualify for Chapter 7 bankruptcy: $50,521 for a one-person household, $65,680 for a two-person household, $75,500 for a three-person household, and $89,418 for a four-person household. For households with more than four members, an additional $9,000 is added for each additional member.

• How much does it cost to file for bankruptcy in Springfield?

  The cost of filing for bankruptcy in Springfield depends on the chapter you choose. For Chapter 7 bankruptcy, the filing fee is $338, while for Chapter 13 bankruptcy, it is $313 (as of December 1, 2020), as determined by federal law. Low-income individuals may be eligible for fee waivers. Attorney fees are separate from the filing fees. Some attorneys may offer payment plans or provide free initial consultations to discuss your case.