Chapter 7 Bankruptcy in Chesterfield
Are you struggling with your finances? Do you feel as if you’re drowning and not sure how to get your head above water? That is why our firm is here. Our team here at Teague & Associates has been assisting clients just like you with chapter 7 bankruptcy in Chesterfield. Deciding on what your best route is can be difficult. That is why it is essential to have a team on your side that can help you make that decision. Allow our firm to assist you in this uncertain time.
What Is Chapter 7?
In simple terms, this is a way to stop the creditors and collectors from harassing you while you get a plan in place to pay the debt. Your property becomes the court’s property, and a trustee is set up to help take care of the debt. This will stop specific actions from happening, such as foreclosure on your home.
Items that you are not allowed to keep under this filing will be sold off, and the proceeds go to pay your debt. At the end of the process that takes around 6 months or a little less, you’ll have some debts wiped out or forgiven. It is important to remember that some debts, such as taxes owed, or student loans, are not in the category to be wiped out.
Don’t Go It Alone
You do not have to face this difficult decision alone. When you’re looking at chapter 7 bankruptcy in Chesterfield, know that you have help on your side. Call our office today at (314) 899-4499 to set up a consultation. Let our firm help you through the process and walk side by side with you.