Can anyone file bankruptcy?

Anyone can file bankruptcy, but there are limitations regarding which form of bankruptcy is permissible. Qualifying for Chapter 7 requires a means test that evaluates income, debt levels, and income left over each month after paying basic obligations. Income over the median set by the court and monthly income that allows meaningful payments toward unsecured debt can disqualify filers from Chapter 7, which is generally the preferred form of bankruptcy due to the possibility of a full discharge. Anyone can file Chapter 13 bankruptcy, but the terms are less favorable. In most cases, some debts must be repaid following a successful filing. Chapter 13 is also more likely to result in asset forfeiture.

How bad is it to file bankruptcy twice?

<p dir="ltr" style="line-height:1.2;margin-top:9pt;margin-bottom:9pt;">Although possible, due to the damaging nature of bankruptcy, filing bankruptcy more than once isn't recommended. Filing multiple times puts a serious burden on one's credit report, making it harder to get a loan, buy a house, buy a car, or even open credit cards.</p><p dir="ltr" style="line-height:1.2;margin-top:9pt;margin-bottom:9pt;">Note that filing for bankruptcy isn't something that can be done at a filer's leisure. There are time limits following bankruptcy cases that dictate when it's permissible to file again. For example, after Chapter 7 bankruptcy, filers must wait at least eight years before filing Chapter 7 again or four years before filing Chapter 13.</p>

Can they take my car in Chapter 7 bankruptcy?

In many cases, it's possible to keep a vehicle following Chapter 7 bankruptcy. The Chapter 7 Motor Vehicle Exemption allows filers who own their vehicles outright or who are up to date with payments to keep their cars. However, those behind on making car payments are required to arrange a repayment plan. Otherwise, the vehicle may be repossessed as a part of the proceedings.

4 Best Saint Joseph Bankruptcy Attorneys

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24/7 Legal

Saint Joseph, MO

Clients looking for a bankruptcy attorney can connect with 24/7 Legal. The company has a database of over 20,000 professionals, allowing it to match clients with the right service provider regardless of their location. It connects clients with bankruptcy attorneys who represent both creditors and debtors in chapters 7 and 13 proceedings. These lawyers handle both transactional and litigation matters. 24/7 Legal maintains open communication with clients to ensure that they find the provider that fits their specific requirements.

(816) 992-5623

Briles Law Office

918 Francis St, St Joseph, MO 64501

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Briles Law Office is a solo practice founded by Attorney Noah J. Briles to serve individuals who have fallen on hard times and need to file for bankruptcy. Based in St. Joseph, the firm represents clients throughout the metro area. Its services include advising on consumer rights, such as repossessions and wage garnishments, and on the form of bankruptcy, the client is eligible for. The firm also practices DWI and criminal defense.

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Jere L. Loyd, P.C.

3715 Beck Rd Suite A-104, St Joseph, MO 64506

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Creditor Representation

Jere L. Loyd, P.C. is a bankruptcy lawyer who has been offering legal services in Saint Joseph and nearby areas for more than four decades. Loyd provides remedies to creditors in claims of probate and bankruptcy estates. He also represents creditors in the collections of accounts, promissory notes, replevin actions, and landlord-tenant disputes. His other legal areas of practice are civil litigation, estate planning, personal injury, and social security disability. Jere L. Loyd was a former bankruptcy trustee of the Western District of Missouri, serving from 1990 to 2007.

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Watton Law Group

1201 Walnut Street Suite 435, Kansas City, MO 64106

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy
Bankruptcy

Watton Law Group has been serving clients in Saint Joseph and the surrounding areas for more than 25 years. Michael J. Maloney oversees the firm's bankruptcy department that assists clients seeking protection under chapter 7 or 13 of the US Bankruptcy Code. The legal team works with clients who are facing debt, garnishments, foreclosures, or repossessions and helps them understand their legal options. Maloney is also a licensed attorney in the state courts of Wisconsin and Utah.

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Best Bankruptcy Attorneys in Saint Joseph

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Bankruptcy Attorneys FAQs

24/7 Legal

Briles Law Office

Jere L. Loyd, P.C.

Watton Law Group

Frequently Asked Questions

Q: Can anyone file bankruptcy?

Q: How bad is it to file bankruptcy twice?

Q: Can they take my car in Chapter 7 bankruptcy?

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