We would like to share exciting news about a change to our office. Lessons learned during the pandemic are that we can serve both our Illinois and Missouri clients in Quincy and through remote means. We have taken the plunge and consolidated our Hannibal and Quincy offices to one location in Quincy. We have expanded our Quincy office footprint while still representing clients in Hannibal and other Missouri communities. Currently, most bankruptcy hearings are being held telephonically and this … [Read more...]
Will I Lose My Assets By Filing Bankruptcy?
Many people are overwhelmed by their debt but afraid to consider bankruptcy because they might lose their car or house. When a person files for bankruptcy, she must list all her assets. However, many times there is protection for the asset called an exemption, or there is very little equity in the asset. Equity is the difference between what is owed on the lien against an asset and the value of the asset. For example, a debtor might own a 2010 Kia Sorento worth $10,000.00. If he owes … [Read more...]
