LIBRARY

Income tax debts may be eligible for discharge under chapter 7 or chapter 13 bankruptcy. In chapter 7, all allowable debts get discharged in full. Chapter 13 allows for either discharge or repayment of the tax debts via the repayment plan. Since not all tax debts can be discharged, there are a few criteria that […]

Personal injury law falls under the umbrella of tort laws and covers injuries to the body or mind. It often involves a form of negligence. Negligence is the concept that someone owed someone else a duty of care but breached that duty. For example, someone is driving and a person is on the sidewalk waiting […]

Car insurance is purchased to protect cars, trucks and other vehicles against damage caused by another vehicle. It also protects from bodily injury that occurs. A certain level of coverage is required by law. This level varies from state to state. Missouri requires 25/50/10 liability insurance. The bodily injury requirement minimum is $25,000 per person […]

Perhaps you felt fine a few days ago after you were rear-ended on highway 94, but today you woke up with a stiff neck and a headache and you don’t think you can get to work. You may be suffering from whiplash, one of the most common injuries sustained in car accidents. The term “whiplash” […]

Is your mortgage just too high? Have you fallen behind in mortgage payments? Are you facing foreclosure? Are you afraid of losing your home? Job loss, health issues and other changes in circumstances can make it hard to keep up with monthly expenses such as mortgage payments. Unfortunately, once you get behind, it is hard […]

Chapter 7 bankruptcy is straight bankruptcy, also known as liquidation, and is available to individuals, couples, corporations and partnerships. It generally lasts between three and five months. The term liquidation is used because a court appointed trustee gathers and sells the debtor’s non-exempt property and assets. The money from sales of those items goes to […]

Chapter 13 bankruptcy is known as reorganization bankruptcy. The debtor uses their income to repay some or all of what they owe their creditors, so they must have “disposable income.” The means test in chapter 13 not only determines the debtor’s eligibility based on income but also how much they will have to repay and […]

Bankruptcy is a federal court proceeding designed to provide individuals and businesses with a way to address debt. It gives debtors, the individuals who owe money, a way to get a fresh start. There are several types of bankruptcy. They are named after the statutory titles of the U.S. Bankruptcy Code under which they are organized. […]