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Bankruptcy Law

Drowning in Debt?

Learn More from a Chapter 7 Bankruptcy Lawyer in Bolivar, Missouri

Struggling with finances and mounting debt can be a very stressful and trying time. Understanding the complex bankruptcy laws can be difficult-especially while doing so under financial strain. Will I lose my house? Can I keep my car? What debts will be discharged? What are exemptions? How does the Means Test work? How can Chapter 7 bankruptcy help me? All of these questions and more will be answered in easy-to-understand language and terminology.

Contact the Shive Law Firm today to schedule your free initial Chapter bankruptcy consultation.

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What is Exempt Property?

The U.S. Bankruptcy Code allows for the exemption of certain types of assets in bankruptcy, which shields those assets from being seized by your bankruptcy trustee. The State of Missouri has opted out of the federal exemption scheme, which means that Missouri exemptions will be used to protect certain of your assets in most cases. Learning more about bankruptcy exemptions and how they would apply to your specific situation is a key component of your free initial Chapter 7 bankruptcy consultation. Speak to Chapter 7 bankruptcy attorney Byron K. Shive today by calling (417) 352-2521.