Filing For Bankruptcy in Hillsdale MO


Do you have a good understanding of what your options are with regards to a St Louis bankruptcy?  Do you understand how the main chapters of bankruptcy work (or how each one will affect you in the future)?  Do you understanding difference between a Chapter 7 and Chapter 13?  Do you know what an experienced St Louis bankruptcy attorney can do for you?


If you are unsure as to the questions posed above, then it is probably time you make an appointment to come and see us!!  We offer a free consultation to get started.  This will give us an opportunity to fully assess your particular situation, answer all your questions, describe your range of options, and get you back onto the road towards financial recovery!!

The main thing that we will discuss is what chapter of St Louis bankruptcy you should file.  The two main options would be a Ch7 and a Ch13.  A Chapter 7 is described as a discharge of unsecured debt (things like credit cards, medical bills, payday loans, and the like).  This is a very straightforward process (the duration of this kind of bankruptcy is typically four to five months in length).  And if you are currently being garnished (or if your bank accounts are being levied) by a creditor, that will stop immediately upon the filing of the bankruptcy.  The same would be true of any pending lawsuits against you (once the St Louis bankruptcy is filed, the creditor will have to withdraw its case).

A Ch13 is most commonly described as a repayment plan over the course of three (3) to five (5) years.  During this period of time, certain debts are paid back.  This would include car loans (but using a much lower interest than what most people are currently dealing with), overdue mortgage payments, recent tax debt, back child support, and sometimes a portion of your unsecured debts (but our goal is to pay back as little as possible to the unsecured creditors).  This chapter of bankruptcy is especially helpful for folks who are facing a home foreclosure, a car repossession, or who earn a significant income.

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.

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