Category Archives: Secured Property

What is the Automatic Stay?

In Bankruptcy, an automatic stay protects a debtor from his or her creditors.  The automatic stay prevents a creditor from collecting on debts incurred by the debtor.  The automatic stay is effective immediately upon the filing of the bankruptcy.  As … Continue reading

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Do I Have to File for Bankruptcy with my Spouse?

Debtors who are married often wonder if they are required to file for bankruptcy with their spouse.  The answer to this question is no; a debtor is not required to file for bankruptcy jointly with their spouse if they are … Continue reading

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Definition of Bankruptcy

Bankruptcy is a legal process through which people and businesses can obtain a fresh start financially.  It is an option for people and/or businesses when they are to the point in their financial difficulties that they cannot repay their debts.  … Continue reading

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Reaffirming a Mortgage

When you meet with your St. Louis Bankruptcy Attorney, he or she will go through the bankruptcy process and will likely explain what a reaffirmation agreement is.  A reaffirmation agreement is an agreement between you and your creditor that is … Continue reading

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Options for Secured Property in Bankruptcy

When filing for bankruptcy, there are several options to consider regarding secured property.  Secured property is any property that you have placed as collateral for a loan; typical examples of this type of property would be cars and houses, but … Continue reading

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