Dealing overwhelming levels of debt can be terribly frustrating. And if you fall behind by even one month on your payments, you will receive endless phone calls (day and night). You’ll receive nasty, threatening letters. And your stress level will go through the roof as a result!
This is nothing compared to the situation in which the creditors start get aggressive. Because eventually, the creditors will start to take legal action, and sue you for breach of contract. And when that happens, the court will almost always render a favorable judgment to the creditor. This will allow the creditor to then garnish your wages or levy your bank accounts
Only $300 Upfront Fees for a Kirkwood Mo Chapter 13So what can a down on his luck consumer do?? One option is a St Louis bankruptcy (either Chapter 7 or Chapter 13). A Ch7 is a discharge of all your unsecured debts (like credit cards, medical bills, payday loans, etc.). A Ch13 is described as a repayment plan over the course of three (3) to five (5) years. During this period of time, certain debts are paid back (like outstanding car loans, back child support, recent tax debt, and overdue mortgage payments).
Either way, a bankruptcy filing can help you tremendously!! And it all starts with a free consultation. This will give us a chance to determine which chapter of bankruptcy is right for you, while answering all your questions. Ultimately, we want to make sure that you get back on your financial feet! And this can all begin with the “fresh start / clean slate” that the court gives you upon filing!! So give us a call as soon as possible to start the process!
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.