Do you feel like you are drowning in debt and can find no way out? If so, you are like many people these days who are dealing with the loss of a job or unexpected medical bills. Many people rely on their credit cards to get them through hard times, putting them into further debt. First, you need to work with your creditors and see if they are willing to make payment arrangements with you, so your debt can be reduced. If you are unable to work out any details, filing for Chapter 13 in St. Louis may be your best option. Through bankruptcy, you can be absolved of your debt, so you can get on with your life. Visit website for more information.
What Is Chapter 13 in St. Louis?
Chapter 13 is a type of bankruptcy that works to help you get rid of your debt. You will need to hire a lawyer to help you through the process, as it can sometimes be confusing. You will need to provide information on all of the debts you owe, no matter the size. If any debts are left out of your bankruptcy decree, you will still be responsible for these debts and can be pursued in any way allowed under the law, even wage garnishment. Listing all your debts covers them under the bankruptcy and allows you to a make a monthly payment to the court to pay off your debts in a period of several years.
It will be up to the judge to make the final decision on whether or not you will be granted your bankruptcy. He or she will also make the decision on your required monthly payment paid to the court each month. The amount you will be required to pay will be based on your monthly income as well as the amount of debt you owe.
If you are dealing with way more debt than you can handle, contact The Law Offices of Steven K. Brown. They can assist you in filing for bankruptcy and will do all they can to help you get out of your debt.
