Where Can I Find the Best Bankruptcy Attorney In St Louis?
Filing for bankruptcy is a stressful and challenging decision to make, and you must get access to quality advice before deciding to proceed. Here at Charles Huber Law, we specialize in helping people in debt find a solution that provides them with debt relief and a way forward. With us, you are never alone in deciding the best pathway to take.
St Louis Bankruptcy
Charles Huber has practiced law in the State of Missouri for over thirty years, and specializes in supporting individuals with Chapter Seven and Chapter Thirteen bankruptcy filings. When you start to look into bankruptcy, you must understand the options before making your decision.
To do this, we will work with you to assess your situation and your plans before advising you on which path to take. We will always ensure that you have access to the information you need before making a decision, and will support you in compiling your case before it is submitted.
Chapter 7 Bankruptcy
Choosing Chapter 7 bankruptcy means getting rid of the majority of your debts, being able to start afresh with a clean slate. Chapter 7 is probably the most common type of bankruptcy filing and helps to rid you of unsecured debts that are weighing you down. The types of debts you can write off with a Chapter 7 filing include:
● Payday loans
● Credit cards
● Medical debt
● Household debt
● And many more
Once you submit your filing, a trustee is appointed to assess whether you have any assets that can be used to reduce the money owed to your debtors. However, with a Chapter 7 bankruptcy, you do not need to lose any property you own. Chapter 7 bankruptcy lasts for 3 – 4 months, and gives you the space you need to reset and start over.
Chapter 13 Bankruptcy
When you opt for a Chapter 13 bankruptcy, you will be entering into a plan that reorganizes your debt into one monthly payment that is affordable to your situation. This type of filing is excellent if you have too many payments going out and not enough cash coming in, and will result in a better interest rate and a longer repayment period.
Typically you can expect your Chapter 13 bankruptcy to last anywhere between three and five years, and while you must continue every single payment to your debt trustee, you will probably not repay all the debt you owe. This means that while you are expected to make your repayments diligently, you will benefit from the rest of your debt being wiped out.
St. Louis Bankruptcy Court
When it comes to arranging your filing and being represented at the St. Louis Bankruptcy Court, we are here for you and will represent you. Charles Huber Law provides quality debt advice and will ensure that you achieve a fair outcome at your hearing.
Don’t delay, arrange an appointment, and get the advice you need today!