A Norwood Chapter 7 bankruptcy is described as a liquidation / discharge. The discharge side of the equation is pretty straightforward: all of your unsecured debt (whether its credit cards, medical bills, St. Louis payday loans, etc.) are knocked out forever. The liquidation side is where the Trustee would look at your assets (such as a house or a car) to determine whether or not there is any equity. If a great deal of equity exists (beyond your state exemptions), the Trustee may wish to sell the asset and use the proceeds to pay towards your creditors who are set to be discharged. If there is no equity in the asset (or if your exemptions eliminate the equity), then it is up to you if you wish to keep or surrender it.
We Will Wipe out all of Your Unsecured DebtsThe affordable Norwood bankruptcy lawyers at The Bankruptcy Company have been assisting people through the bankruptcy process for over ten (10) years. We feel that the best way in which to help an individual during tough financial times is to provide them with honest, open, and expert advice; explain his or her full range of options; and fully answer any and all questions that the person may have about a St. Louis bankruptcy. We recognize that dealing with a great amount of debt can be extremely stressful (so much so that it can have a negative impact on your personal relationships with friends and family). But the relief that comes with a Missouri or Illinois Chapter 7 bankruptcy can allow you to regain a foothold on your budget, and set you up for a much better future. This is so because when you file such a petition, the court gives you what is called a ‘fresh start / clean slate.’ It is a chance to wipe the slate clean of your debts, so that you can restart life freshly.
The township of Norwood is within North County St. Louis, Missouri. It has an approximate population of 1,000 people. The people have taken hit recently by the economy, but are nonetheless optimistic about the future. A community of small business owners, hardworking individuals, and place so worship, Norwood, Missouri, citizens have their eye on the horizon.
The Bankruptcy Company has its primary offices at 1 North Taylor in the Central West End of St. Louis, 63108. There is a free parking lot for our clients to use, and the building is conveniently located at the corner of Taylor and Laclede. We strive to provide the finest bankruptcy legal services in all of St. Louis, and make it our goal to make sure that you are successfully guided through the entire process from start to finish. Our initial consultation with a St. Louis bankruptcy attorney is free of charge, so call today to learn more!
Call us at (314) 932-1067 or contact us through our website The Bankruptcy Company to set up your free consultation with our experienced St. Louis bankruptcy attorneys.