St. Louis Judgments and Law Suits

Filing a St. Louis bankruptcyprevents a creditor from using a court order against you (like garnishing your wages, or putting a levy against your bank account).  And it puts a stop to any lawsuits from moving forward (the creditor will have to immediately withdraw its suit against you).

After a creditor has made several attempts to collect on a debt (through various phone calls and letters), it will eventually file a breach of contract action against you. The purpose of a breach of contract suit is to show the court that a contract between you and the creditor exists, and that you have not made good on the monthly payments.

In these types of cases, the court will almost certainly rule in favor of the creditor, and reward that creditor with a judgment against you. The judgment allows the creditor to garnish your wages, levy (or ‘freeze’) your bank account, and attach liens to your assets. Such an outcome can make the difficult financial situation you were already dealing with even worse.

Receiving a summons from your creditor to appear in court can be devastating, but it does not need to ruin your life. At The Bankruptcy Company, our St. Louis bankruptcy lawyers will put an end to the law suit filed against you, get rid of any judgment that was handed down, and discharge the underlying debt.