Filing For Bankruptcy in Country Club Hills MO

There are only really three main routes you can go when faced with overwhelming debt (credit cards, medical bills, payday loans, old utility bills, etc.): 1) pay off the debt; 2) work out some sort of settlement on your debts, then pay that portion off; 3) or file for bankruptcy.

A St Louis bankruptcy comes in two forms: Chapter 7 and Chapter 13. A St Louis Chapter 7 is a discharge of unsecured debts. This means that all of your pesky creditors will stop bothering you immediately upon filing (no more phone calls, no more threats of lawsuits, no more nasty letters, and no more harassing collection agencies).

A St Louis Chapter 13 is a repayment plan over the course of three to five years. During this period of time, certain debts will be paid back. This would include car loans (but with a much lower interest rate than most folks are currently dealing with), past due mortgage payments (this is especially helpful if you are at risk of a foreclosure), recent tax debt, back child support, and sometimes a portion of your unsecured debts. All of this is consolidated into a manageable monthly payment that you make to the Bankruptcy Trustee (who then disperses these funds to the various creditors listed in the plan).

Which chapter of bankruptcy makes the most sense for you depends on the specific circumstances of your case. This is why we offer a free initial consultation for you to come in and sit down with us!! We will answer all your questions, describe your full range of options, and get you back on your financial feet! All you need to do is give us a call!

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.