Chapter 13 Bankruptcy Lawyers
What can you do when you are not eligible to file for Chapter 7 bankruptcy, which is the type of bankruptcy that can wipe out most unsecured debts? You can file a Chapter 13 bankruptcy. Chapter 13 bankruptcy is for anyone who has too many assets or too much income to qualify for a Chapter 7 bankruptcy. Generally, people that file for Chapter 13 bankruptcy are wage earners, although a self employed person may also file for Chapter 13 bankruptcy.
Debt-Relief Today | Contact Our Office: 314-266-7830
Reorganize Your Debt Into an Affordable Payment Plan
In a Chapter 13 bankruptcy, our law firm helps you to reorganize your debts into a manageable payment plan. Federal law provides for repayment plans for as short as 36 months or as long as 60 months.
Other Key Features in a Chapter 13 Bankruptcy Include:
- You get to keep your home, car and other property.
- You have a monthly payment plan that you can afford.
- You no longer have to keep track of all of your past due bills.
- You get peace of mind, debt-relief and the end of creditor harassment immediately after you file your case.
How Does Chapter 13 Work?
In a Chapter 13 bankruptcy, you make one monthly payment to the Chapter 13 trustee that includes your mortgage arrears, car loans, tax debt, medical bills, student loan debts and all of your other unsecured debt, including credit card bills. Since most people are not required to pay their unsecured debt in full, this results in a huge savings immediately for most people. An experienced lawyer at our firm can help you understand which bankruptcy may be best for you, based on your specific situation.
See our Bankruptcy FAQs.
Qualifying for a Chapter 13
After we file a petition on your behalf, all actions to collect your debt must stop, including:
- Foreclosure
- Car repossession
- Creditor harassment and collection actions
- Wage garnishment
Income Tax Preparation so You Can File for Bankruptcy
At our firm, we also handle all income tax preparation related to bankruptcy. There are times when a client has not filed income tax returns for many years. Do not let that preclude you from getting a fresh financial start.
We are a team of two attorneys with considerable experience, practicing since 1984 and 1988 respectively. Clients find our knowledge of financial matters, bankruptcy law and taxation issues reassuring.
There is a Light at the End of the Tunnel | Contact the Firm
Call our St. Louis County, Missouri, law office today: 314-266-7830.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
