Chapter 13 St. Louis Bankruptcy Attorney – 314-827-4027
St. Louis Chapter 13 Bankruptcy Attorney.
Call today! 314-827-4027!
How can a St. Louis Chapter 13 Bankruptcy Attorney help?
A Chapter 13 bankruptcy can be a very complicated legal matter. You and your creditors have rights that must be protected. It is my job as your bankruptcy lawyer to protect YOUR rights. As with any type of bankruptcy protection, the goal is to help you eliminate some or all of your debt.
Unlike a Chapter 7 Bankruptcy, a Chapter 13 Bankruptcy allows you to reorganize and repay certain debts over a period of time. This is great when you have excess income, assets you want to protect, or you are behind on house or car payments. In a Chapter 13 bankruptcy case, your bankruptcy lawyer will help you prepare a bankruptcy plan that will details what creditors get paid and how much they get paid.
Talk to a St. Louis Chapter 13 Bankruptcy Attorney about using a Chapter 13 bankruptcy to:
- Stop Foreclosure and repay missed payments.
- Stop Repossession, reduce interest, and save money on your car.
- Stop wage garnishments and keep more money in your pocket!
- Eliminate a second mortgage and pay your home off sooner!
- Pay your taxes, including income and real estate taxes.
- Reorganize your debts into a plan you can afford!
You can also read more information at our BLOG written by me, a St. Louis Bankruptcy Lawyer.
If you have recently filed your Chapter 13 case with me, visit my Chapter 13 Bankruptcy Information and Reminder page.
Sean C. Paul is licensed to practice law in the State of Missouri. He practices in the Federal Courts of the Eastern District of Missouri, the Southern District of Illinois, and the Central District of Illinois.
Sean C. Paul will give you the individual attention you deserve. He understands the importance of your financial decisions. He wants to help you make the best choice, whether it’s a Chapter 7 Bankruptcy, a Chapter 13 Bankruptcy, or something else entirely.
Call St. Louis Chapter 13 Bankruptcy Attorney Sean C. Paul.
How does this differ from a Chapter 7 Bankruptcy?
Generally, you do not make payments in a Chapter 7 Bankruptcy. Sometimes you may want to repay some things in a fixed amount of time. For example, if you are behind on your house payments and facing foreclosure, a Chapter 7 Bankruptcy would NOT allow you to repay those missed payments, while a Chapter 13 Bankruptcy would.
In many cases, a Chapter 13 can be preferable to a Chapter 7 Bankruptcy. This is a complicated area, so you should talk to a St. Louis Chapter 13 Bankruptcy Attorney.
A Chapter 13 Bankruptcy is still bankruptcy! You get the benefit of a court-supervised repayment plan. You have all the same protection from creditors you would get under Chapter 7, and some additional ones as well!
Call or click the link to talk to a St. Louis Chapter 13 Bankruptcy Attorney.
How high will my Chapter 13 Payment be?
Your St. Louis Chapter 13 Bankruptcy Attorney will calculate a payment plan. The bankruptcy court will have to approve this plan. The Chapter 13 bankruptcy payment is based on many factors. Some factors are the balance you have on your cars, your income, and the value of your assets. As you can imagine, the calculation can be complex.
As to income, you must pay back something if you can afford to. Your unsceured creditors will receive money last. Unsecured creditors are credit cards, personal loans, and medical bills. These creditors only get paid if you have the income to pay them. They may receive no money in your repayment, or they may receive a large chunk. Either way, you get a discharge at the end of your case.
Your St. Louis Chapter 13 Bankruptcy Attorney will also look at your assets. If you have valuable assets with no liens, you may have to repay some of your unsecured debts. Most people can protect their assets from creditors. In that case, you won’t have to pay back very much.
Unfortunately, there is no quick calculator for determining what your Chapter 13 Bankruptcy might look like. You should contact a St. Louis Chapter 13 Bankruptcy Attorney to find out more.
What are the procedures for a Chapter 13 Bankruptcy?
Your St. Louis Chapter 13 Bankruptcy attorney will have already informed you how to proceed. You will provide pay stubs, tax returns, and other information. Your attorney will prepare your paperwork for filing with the court. This paperwork includes a Chapter 13 plan that proposes how your repayment will look. Once your case is filed, you are under the court’s protection. You will have a 341 Meeting of Creditors that you must attend. Your attorney will attend the confirmation hearing of your plan before the judge. You should make your payments every month even if your plan is not officially approved.
Generally, the these are the steps for filing a Chapter 13 Bankruptcy case:
- Gather pay stubs, tax returns, and list of creditors;
- Your attorney will prepare your documents;
- You will sign your documents;
- Your attorney will file your case;
- You will attend a Meeting of Creditors about four weeks after filing;
- You attorney will represent you in the bankruptcy court and have your plan confirmed by the court;
- You will make payments each and every month, starting 30 days after the case is filed.
What can a Chapter 13 Bankruptcy do for me?
A Chapter 13 Bankruptcy Attorney will be able help you stop foreclosure, prevent garnishments and levies, and maybe even get rid of a second mortgage! You can use a Chapter 13 Bankruptcy to control excessive student loan payments and to save money and interest on your car payment. A Chapter 13 Bankruptcy can help you catch up on past-due mortgage payments, real estate taxes, and sewer bills.
A chapter 13 bankruptcy is a court-supervised debt reorganization. Certain types of debts, like mortgages and car payments, will be paid in your case. Other types of debts, like credit cards and medical bills, may not receive full payment. Since a Chapter 13 will give you a discharge of credit cards and medical bills, you can pay back pennies on the dollar and end up debt free!