Filing For Bankruptcy in Penrose MO

The type of bankruptcy that you file (either Chapter 7 or Chapter 13) will depend heavily on your particular set of facts. For instance, if your household income is below the so-called median income level, then you will very likely qualify for a St Louis Chapter 7. This type of bankruptcy is described as a discharge of your unsecured debt (like credit cards, medical bills, payday loans, old utility bills, overdrawn bank accounts, etc.).

Or if the facts allow, then it may make more sense to file a St Louis Chapter 13. This is when a repayment plan is created so that certain debts can get paid back (within three to five years). A Ch13 is most employed to stop a home foreclosure, retrieve a repo’ed car, of when your household income is far above the median.

This is of course a brief overview of how a St Louis bankruptcy works. But the best way for you to learn more is to set up a free consultation. This will give us a chance to answer all your questions, fully describe your range of options, and set a path back towards financial freedom!

All you need to do is give us a call!! Or shoot us a text, send us an email, or fill out an online form. We will take it from there, with the goal of getting you the “fresh start / clean slate” that you deserve!

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.