if you apply for bankruptcy in Mo. does it apply to credit card debt ?

Answer 1

I would suggest you read the article "New Bankruptcy Law – Where’s The Consumer Protection?" you can view it at:
http://www.sandiegolawyerforyou.com/san-diego-bankruptcy-law-update.htm



http://www.las-vegas-nevada-lawyer-attorney-legal-injury-defense-directory.com/las-vegas-bankruptcy-lawyers.htm
http://www.san-francisco-oakland-bay-area-lawyers-attorneys-directory.com

http://www.san-jose-ca-lawyers-attorneys-directory.com

http://www.sacramento-ca-lawyers-attorneys-directory.com

http://www.la-orange-county-lawyers-attorney-directory.com
http://legal-advice-library.info/blog
http://www.austin-texas-lawyers-attorneys-directory.com/austin-legal-services.htm
http://www.san-antonio-texas-lawyers-attorneys-directory.com
http://www.brokerforyou.com/san-diego-real-estate-sales.html

Answer 2

If you file bankruptcy, you will have a really difficult time getting a house especially with a payment you could afford. First collect all 3 credit reports and see where you stand. Next, the charged off debts, call and ask for a settlement offer, usually they can cut how much you owe by half and some are willing to do that in installments. Next, the debt that you still have open, call the creditors, it may be a battle and be prepared to spend a lot of time but you can usually get your interest rate dropped. Now, prepare a budget, be strict, allow enough for rent utilities etc, try not to eat out and streamline other expenses, try to carpool etc. After you figure out how much you have to work with, organize your bills to the one's you owe the least on to the one's you owe the most on. Pay the most to the smallest one's while paying minimum to the rest. When the first one is paid off, take the amt you were paying on that card and add it to the minumum on the next one and so forth. Good luck

Answer 3

You should take a look at the options you can find at: CREDITVAULT.NET-

RE If you apply for bankruptcy in Mo. does it apply to credit card debt ?

#EANF#

Answer 4

If you file a Chapter 7 in any state you have to include all your debt. So if you file a Chapter 7 your credit card debt will be discharge and you will not owe any of them. The laws have not changed that much at all. If you have any other questions just let me know.

Answer 5

I think they just changed that law about a year ago. You would retain ALL credit card debt, despite declaring bankruptcy. You need to check with a lawyer. Most give free consultations.

Answer 6

When you file bankruptcy it includes all of your debt including revolving (credit cards) and installment (mortgages/vehicles). You have the option of reaffirming any of these. If you do reaffirm any of your debts be sure to call and ask them to continue to report. so it will show up on your credit. That is unless you don't want it to report.

Answer 7

Bankruptcy takes ALL your debt into account. How you repay that debt and the priority of repayment will be determined in the bankruptcy proceeding.

Answer 8

Yes, as this is one of the major reasons people get themselves into financial trouble. The credit card debt equals disaster.

Answer 9

Laws changed over this past year. Now, it's much harder to declare bankruptcy.

Before doing something that drastic, would it be possible to check with a debt management service and see if there's another way out?

Answer 10

Honestly, it does depend on wich debts that you submit for relief from. It also depends on what you can legally claim as opposed to your current state of income.