Filing For Bankruptcy in Des Peres MO
When someone is contemplating a St Louis bankruptcy, they have probably reached a point at which their personal debt has become overwhelming. Credit cards (with high monthly minimums), medical bills (that just seem to keep piling up), payday loans (whose interest rates make it nearly impossible to pay off), and collection agencies (who will hound you day and night with threatening phone calls and letters).
ONLY $300 UPFRONT FEES FOR A DES PERES MO CHAPTER 13
And that’s not even mentioning the legal claims that your creditors can file against you! Because if you fall too far behind on your debts, the creditor will eventually sue you for breach of contract. Once they receive a judgment against you (and believe me, they will), the creditor can then execute on that order by garnishing your wages or levying your bank accounts.
So what is a person to do when stuck inside such a horrible set of circumstances?? Well, you can continue to try and pay off these debts. But the fact of the matter is, the interest rates alone would increase the length of time into years, if not decades, before you pay off the balances (this would be especially true if you were to do nothing more than pay the monthly minimums).
The other viable option is a St Louis bankruptcy!! Sometimes a Chapter 7 makes the most sense. This is an option in which the court discharges all of your unsecured debts. And often times, a Chapter 13 is the best route to take. This type of bankruptcy involves the creation of a repayment plan over the course of three to five years during which certain debts are paid back. Either way, it is far better than what you are currently dealing with right now!! So give us a call!
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.