St. Louis’ Law Office of Charles H. Huber Offering No-Cost Seminar on Credit Unions & Bankruptcy Feb. 10/15 at 4pm

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People in St. Louis and the surrounding area who want to get valuable advice and eye-opening insights on how credit unions can react negatively to bankruptcy filings, are invited to attend a no-cost seminar offered by the Law Office of Charles H. Huber on February 4, 2015 from 4:00-5:00pm.

St. Louis Bankruptcy Lawyer

Charles Huber Law

The seminar, which will be led by noted St. Louis bankruptcy attorney Charles H. Huber, will be held at the firm’s office located at 500 Northwest Plaza, Suite 911 in St. Louis.

The seminar, which will be led by noted St. Louis bankruptcy attorney Charles H. Huber, will be held at the firm’s office located at 500 Northwest Plaza, Suite 911 in St. Louis.

Those who attend will learn why the credit union promise of delivering “more personalized service” relative to banks can cease being an advantage, and in fact become a drawback for debtors who file for bankruptcy.

"Sometimes a more personal approach can be a bad thing, especially in bankruptcy,” commented Charles H. Huber, who has over 30 years of experience in consumer bankruptcy. "I have found that credit unions can take bankruptcy filings personally, as opposed to other creditors who accept it as an objective business reality. Virtually overnight, these credit unions can go from being very friendly to extremely hostile."

As a consequence of this stance, Mr. Huber further points out credit unions can -- and in his experience, often do -- unexpectedly and unilaterally:

  • Close a debtor’s account to penalize them for causing a loss to the credit union.
  • Enforce clauses in car finance contracts that tie all of a debtor’s past and future loans with the credit union to the car loan, which forces debtors to pay all debts with the credit union (e.g. credit cards, lines of credit, overdraft protection loans, and any other unsecured loans) if they wish to keep their car.
  • Raise fraud objections to discharge of debts, despite the fact that other creditors have deemed such an action unnecessary or unjustified.

Added Mr. Huber: “The goal of our seminar on February 4 is not to drive people away from doing business with credit unions, since they play an important role in the consumer and business financial services sector. Rather, we want people to have a clear perspective and smart strategies for dealing with credit unions -- especially if their financial situation is marginal. Otherwise, instead being part of the solution, debtors can find that credit unions add to their problems, and make it more stressful, more difficult, and more costly to navigate and emerge from bankruptcy.”

Those who wish to attend the no-cost seminar on credit unions and bankruptcy offered by St. Louis’ Law Office of Charles H. Huber, are invited to reserve their spot by emailing chuberhc(at)gmail(dot)com or calling 314-298-0305.

For additional information on the firm, visit http://charleshuberlaw.com/.

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