Filing For Bankruptcy in Cool Valley MO

A St Louis Chapter 7 bankruptcy is described as a complete discharge of all your unsecured debt. This would include credit cards, medical bills, payday loans, balances owed on a prior vehicle loan, old utility bills, overdrawn bank accounts, etc.). Once the case is filed, your creditors can no longer contact you about the debt ever again. No more phone calls, no more threatening letters, no more collection agencies hounding you day and night. It is a “fresh start / clean slate”.

A St Louis Chapter 13 is a bit different (but the overall fresh start idea is still the same). A Chapter 13 includes a repayment plan that lasts between three and five years. During this period of time, certain debts are paid back. Typical debts in a Ch13 plan would include any existing car loans (but usually at a much lower interest rate), overdue mortgage payments (so as to prevent a home foreclosure), recent tax debt (like personal property, sales, and income obligations), back child support and/or spousal support, and sometimes a portion of your unsecured debt (but with no accruing interest during the repayment period).

Which chapter of bankruptcy is right for you? It depends on the particular set of circumstances you currently have. But this is why we offer a free initial consultation. We will answer all your questions, fully describe your full range of options, and put you back towards the road to financial freedom!! All you need to do is get in touch with us (and we will take it from there)!

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.