In the St Louis area, there are two main chapters of bankruptcy that you may file: Chapter 7, and Chapter 13. Both chapters can help you in different ways. But the best choice for you will depend largely on the particular set of circumstances you are dealing with.
For instance, if you own a piece of real estate and the mortgage company is threatening a foreclosure, then the best bet is a Ch13. This is described as a repayment plan over the course of three to five years during which certain debts are paid back. So if you have fallen behind on your monthly mortgage payments (this is called “arrearage”), that amount is repaid over a period of time (instead of having to come up with a lump sum all at once).
Only $300 Upfront Attorney Fees for a Charlack Mo Chapter 13Or if you have very low household income, and a lot of unsecured debt (such as credit cards, medical bills, payday loans, etc.), then you would probably be best served with a St Louis Chapter 7 bankruptcy. This comes with a discharge of all unsecured creditors (which means that all those debts are knocked out forever).
And of course there is the ever present stress that large amounts of debt can create. A stack of unpaid bills piling up on your kitchen table can result in a loss of sleep, irritability, and a good deal of heartache. If your creditors (or collection agencies) are calling all day and all night on top of this, then the abundant stress is made even worse.
But there is a way out of this fix!! And it starts with you getting in touch with us! We will answer all your questions, describe your full range of options, and set you back on your financial feet!
The affordable St. Louis bankruptcy attorneys at The Bankruptcy Company have been saving and protecting people’s assets for years. Our goal is to make sure that you keep the assets and property you want, discharge the debts that you want to get rid of, and do it all at an affordable cost to you. All phone conversations and office consultations are free of charge.
Call us at St. Louis Office (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.