Chapter 13 Bankruptcy Attorney in St. Louis
Oftentimes declaring Chapter 13 bankruptcy and Chapter 7 bankruptcy are mistaken for being the same thing. However, it is important for individuals who are in a dire financial state to understand that there are significant differences between the two and that the processes of completing either one are very different. For this reason, before anything, it is important to consult a knowledgeable, helpful Chapter 13 bankruptcy attorney in St. Louis.
Chapter 13 bankruptcy does not require you to lose any of your owned property, contrary to popular belief. Instead, individuals are required to pay down outstanding debts over a pre-determined amount of time with earned income. Many individuals will confuse this bankruptcy option with the total debt eradication of Chapter 7 bankruptcy.
This is simply the first of many facts that one of our bankruptcy attorneys can help to explain about how bankruptcy works. Not only do we take the time to ensure all of our clients understand the facts of filing Chapter 13 bankruptcy, but we stand by each one of them throughout this intricate financial process. Working on a flat fee basis, each of our attorneys strives to help every client with their unique financial situation, understand all they need to know about each available option and determine what the best way to overcome their debt is.
Need to understand the ins and outs of Chapter 13 bankruptcy and why this might be the right option for your financial state? Then look no further than Teague & Associates, LLC! We can pair you with a knowledgeable, helpful Chapter 13 bankruptcy attorney in St. Louis who can help you through this difficult time. Contact our office at (314) 899-4499 today!