How to File for Chapter 13 Bankruptcy in St. CharlesComments Off on How to File for Chapter 13 Bankruptcy in St. Charles
Filing for bankruptcy is never a decision to be made casually. There are too many questions that need to be answered. While it is possible to file for chapter 13 bankruptcy in St. Charles, MO and get back on solid financial ground, you need an experienced attorney to help you make informed decisions throughout the process.
Chapter 13 bankruptcy is often referred to as a “reorganization,” because it is used to create a payment plan for your debts over 3 to 5 years. Often, it is used by working people to prevent foreclosure on a home or the repossession of assets, like a car or boat. Though some debt may be discharged, Chapter 13 is fundamentally different from Chapter 7 bankruptcy, which is a plan to sell assets and discharge debt altogether.
The experienced legal staff at Teague & Associates, LLC can explain how bankruptcy works and help you address all of the questions that arise. We can describe how you will interact with the court and what will be expected. And, we can represent you, so that you always have a source of trusted advice as you move through the process.
For those with a stable income that is high enough to accommodate a repayment plan, Chapter 13 bankruptcy is often an option. It can halt foreclosures and repossessions, stop creditors from pursuing you and get you on a path to a solid financial recovery. But the process starts by doing some homework, which means contacting an experienced legal professional to get answers.
If you want to find out how to file for chapter 13 bankruptcy in St. Charles, MO call the legal professionals at Teague & Associates, LLC at (314) 899-4499 for a consultation today.