Chapter 7 Bankruptcy Attorney St. Louis, Missouri
St. Louis Chapter 7 Bankruptcy Attorney
Call today! 314-827-4027
Get a fresh start in bankruptcy!
I have partnered with 720creditscore.com to help you get a fresh start after your bankruptcy case. This program is designed to help you REBUILD CREDIT after your bankruptcy! Remember that a Chapter 7 bankruptcy is just your first step. The most important step is THE REST OF YOUR LIFE!
What is Chapter 7 bankruptcy and how can a St. Louis Chapter 7 Bankruptcy Attorney help?
Current clients: I have this Chapter 7 Information page for you.
If you find yourself struggling with debts, call a St. Louis Chapter 7 Bankruptcy Attorney. In a filing under Chapter 7 Bankruptcy, the filer receives a discharge on most of his or her debts. If the filer has valuable assets, these can be sold in a Chapter 7 Bankruptcy in order to pay your creditors. Most of the time, you can keep your house, your car, and your household goods in a Chapter 7 Bankruptcy. Your retirement accounts will almost always be safe under Bankruptcy.
- Keep your car and house!
- Decrease principal on car loans!
- Stop wage garnishments!
- Get rid of debts that have been burdening you and your family!
Remember that a Chapter 7 Bankruptcy is a proceeding in the federal bankruptcy courts. You should hire a competent Bankruptcy attorney to help you make the best decision to protect your property. Bankruptcy, including Chapter 7 and Chapter 13, is governed by federal law and allows you to take control of your finances. Bankruptcy is a complicated legal proceeding. An experienced attorney can help you get the relief you need.
What types of property can I keep if I file for chapter 7 bankruptcy?
Generally everything! The chapter 7 bankruptcy laws look to your state’s laws to determine what type of property you can keep. If you have a house, car, retirement account, and other types of property, you will be allowed to keep these things either entirety or up to a certain value. You should talk to a St. Louis Chapter 7 Bankruptcy Attorney before you file so that you can protect your property.
Generally, you can keep:
- your house
- your car
- small bank accounts
- your retirement accounts
- your basic household goods and furnishings.
- some or all of your tax refunds.
Struggling with bills? A Chapter 7 Bankruptcy can help!
Use the contact page to get hold of an attorney today!
What type of debt can I get rid of in Chapter 7 Bankruptcy?
Your St. Louis Chapter 7 Bankruptcy Attorney will get into these specifics with you. Generally, you can get rid of many types of debt. The bankruptcy code under chapter 7 specifies what is required to get a discharge. These types of debts are usually discharged in a Chapter 7 case:
- Credit card debts.
- Medical debts.
- Payday Loan debts.
- Old utilities and cell phones.
- Overdrawn bank accounts.
- Taxes that are more than 3 years old.
You may not get rid of certain types of debts in a Chapter 7 bankruptcy.
- Student loans.
- Intentional injury to a person.
- injury because of drunk driving.
- debt incurred by fraud.
- debts from recent taxes or unfiled tax returns.
In those rare cases you can’t discharge a debt in a Chapter 7 Bankruptcy, we can discuss a Chapter 13 Bankruptcy. Some debts may be discharged in a Chapter 13. Or, we can use Chapter 13 to structure an affordable repayment. You should talk to a qualified St. Louis Chapter 7 Bankruptcy Attorney before you make any decisions.
What will I have to do in a Chapter 7 Bankruptcy?
Your St. Louis Chapter 7 Bankruptcy Attorney will prepare paperwork that gets filed with the court. This paperwork lists all of your assets, income, and other things about your recent finances. This paperwork must be completely accurate and honest.
Your Chapter 7 Attorney will represent you at a 341 Meeting of Creditors. At this meeting, the trustee assigned to your case is making sure you have been honest. If you have valuable items, those items can be liquidated to pay creditors. However, your Chapter 7 Attorney can usually protect everything. You can learn more about how I can protect your assets here.
How is this different from Chapter 13 bankruptcy?
If you find yourself facing debts, possible repossessions, and foreclosure, a St. Louis Chapter 7 Bankruptcy Attorney can help. In a bankruptcy filing under Chapter 13 Bankruptcy, the filer receives a discharge on most of his debts after making some payments in a court-approved Chapter 13 plan. The amount of the payment in a Chapter 13 Bankruptcy depends on certain information specific to the filer, including income and the value of his assets. A Chapter 13 is a great way to get a fresh start. A Chapter 13 helps people in many areas:
- Stop Foreclosure
- Stop Repossession
- Stop wage garnishments
- Reorganize your debts into a plan you can afford!
You can also use a Chapter 13 to pay past-due taxes, student loans, and other debts.
Call or click the link to contact a Bankruptcy Attorney St. Louis.
Which is better? Chapter 7 or Chapter 13 bankruptcy?
Neither a Chapter 7 or a Chapter 13 Bankruptcy is “better” than the other. You should talk to a qualified St. Louis Chapter 7 Bankruptcy attorney before you make a final decision on how to proceed. However, generally speaking, a Chapter 7 bankruptcy is “better” if you have very little income, no assets to protect, and you are current on your house and car payments, if applicable.
If you have disposable income or are facing foreclosure, for example, you may want to consider a Chapter 13 Bankruptcy to protect yourself. Either way, you should talk to a St. Louis Chapter 7 Bankruptcy Attorney to make sure you are fully informed of your options.
Follow my blogs to learn more about filing bankruptcy in the St. Louis area! You can read my blog here. You can also find me in these places and stay informed about me.