Filing For Bankruptcy in Bridgeton MO
If you are thinking about filing a St Louis bankruptcy, then it is very likely that you are dealing with a mountain of debt that is causing you a great amount of stress. For instance, if your credit cards are requiring really high monthly minimums, or your medical bills are piling up at an astronomical rate, or if the payday loans you’ve taken out to get by are now three to four times higher than the original amount you took out, then a bankruptcy is probably going to make sense.
ONLY $300 UPFRONT FEES FOR A BRIDGETON MO CHAPTER 13
So which chapter of bankruptcy should you file? That depends on a number of factors (because there are certain qualifying items and/or hurdles that must be satisfied before you file). But generally speaking, you would be filing either a Chapter 7 or a Chapter 13.
In a Ch7, you are asking the court to discharge all of your unsecured debt (such as credit cards, medical bills, payday loans, old gym memberships, etc.). Once the case is filed, the creditors are no longer able to demand funds from you (nor are they allowed to ever contact you again). And your credit score will have a chance to reestablish itself.
With a St Louis Chapter 13 bankruptcy, a repayment plan is set up over the course of three to five years in length. During this repayment period, certain debts are paid back. These debts would include car loans, missed mortgage payments, tax debts, and back child support. The idea is to consolidate your debts so that you have an opportunity to pay them off over time (and not according to the schedule that the creditors want).
Either way, the first step in the process is giving us a call!! We will answer all your questions, describe your full range of options, and put you back on firm financial footing!
The affordable St. Louis bankruptcy attorneys at The Law Office of Jennifer Alter-Rieken 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.