There are many reasons why someone (or a married couple) would want to file a St Louis Chapter 13 bankruptcy. Most people, however, are unaware of the benefits that come with this chapter of bankruptcy (because there are certain bonuses that do not come with a Chapter 7). Below is fuller discussion of this topic:

A Ch13 is described as a repayment plan over the course of three (3) to five (5) years during which certain debts are paid back. One common reason for a Ch13 filing is when you own real estate, but you have fallen behind on the mortgage payments (and now you are facing a foreclosure). If you want to keep the property, then the best option would be to file a Ch13, which would stop the foreclosure proceeding, and get you into a repayment plan to you caught up (but spread out over a period of years).

Another common scenario would be a car repossession. If your car is repo’ed, and you want to get it back, the best option is a St Louis Chapter 13. The filing of such a case will force the car creditor to give the car back to you, and the balance of the car loan is paid back (but at about 4% interest, which is often times much lower than the interest rate you are currently dealing with).

ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

Or if you have a wage garnishment that you are trying to get rid of (or a bank levy, or if a creditor(s) has filed a lawsuit against you), the filing of the Ch13 will put an immediate end to this activity. And because you will be making monthly payments, that will positively reflect upon your credit bureau (and will result in your credit score rising by quite a bit).

But the way for you to understand how the mechanics of a bankruptcy work (regardless of which chapter) is to get in touch with us!! Give us a call, shoot us a text, send us an email, or fill out an online form! We will answer all your questions, describe your full range of options, and help guide you through the process from start to finish!

The affordable St. Louis bankruptcy attorneys at The Bankruptcy Company have been saving and protecting people’s assets for years. Our goal is to make sure that you keep the assets and property you want, discharge the debts that you want to get rid of, and do it all at an affordable cost to you. All phone conversations and office consultations are free of charge.

There are many reasons why someone (or a married couple) would want to file a St Louis Chapter 13 bankruptcy. Most people, however, are unaware of the benefits that come with this chapter of bankruptcy (because there are certain bonuses that do not come with a Chapter 7). Below is fuller discussion of this topic:

A Ch13 is described as a repayment plan over the course of three (3) to five (5) years during which certain debts are paid back. One common reason for a Ch13 filing is when you own real estate, but you have fallen behind on the mortgage payments (and now you are facing a foreclosure). If you want to keep the property, then the best option would be to file a Ch13, which would stop the foreclosure proceeding, and get you into a repayment plan to you caught up (but spread out over a period of years).

Another common scenario would be a car repossession. If your car is repo’ed, and you want to get it back, the best option is a St Louis Chapter 13. The filing of such a case will force the car creditor to give the car back to you, and the balance of the car loan is paid back (but at about 4% interest, which is often times much lower than the interest rate you are currently dealing with).

ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

Or if you have a wage garnishment that you are trying to get rid of (or a bank levy, or if a creditor(s) has filed a lawsuit against you), the filing of the Ch13 will put an immediate end to this activity. And because you will be making monthly payments, that will positively reflect upon your credit bureau (and will result in your credit score rising by quite a bit).

But the way for you to understand how the mechanics of a bankruptcy work (regardless of which chapter) is to get in touch with us!! Give us a call, shoot us a text, send us an email, or fill out an online form! We will answer all your questions, describe your full range of options, and help guide you through the process from start to finish!

The affordable St. Louis bankruptcy attorneys at The Bankruptcy Company have been saving and protecting people’s assets for years. Our goal is to make sure that you keep the assets and property you want, discharge the debts that you want to get rid of, and do it all at an affordable cost to you. All phone conversations and office consultations are free of charge.

The only way a creditor can garnish your wages or levy a checking account is by first receiving a judgment against you in a court of law. Otherwise, they cannot do it (regardless of what kind of threats they happen to tell you). But we can fix that situation very quickly!! Below is a full description:

When you fall behind on payment to your creditors (regardless of whether it is a credit card, medical bill, or payday loan), the creditor will eventually sue you for breach of contract. When you are sued, the law states that you must be given notification of this action. This notification comes in the form of a summons that is delivered to you by way of a process server.

The summons will notify you of the court date (which is usually about thirty (30) days out). At this court hearing, you will have the opportunity to plead your case. But almost always, the judge will rule in favor of the creditor.

ONLY $300 UPFRONT ATTORNEY FEES FOR A ST LOUIS CHAPTER 13

Once the creditor has this judgment in hand, it can do one of three main things: 1) garnish your wages; 2) place a levy upon your bank accounts; 3) place a lien upon your real estate.

The best (and easiest) way to resolve this kind of situation is a St Louis bankruptcy!! This kind of filing will put an immediate halt to any creditor activity whatsoever (including the three things mentioned above). And the underlying debt (credit card, medical bill, etc.) will be handled by the bankruptcy court too. In a St Louis Chapter 7, all unsecured debt is knocked out completely; in a St Louis Chapter 13, this debt is usually knocked out, but there is a chance a portion of it would get paid back inside of a repayment plan.

Either way, you really ought to get in touch with us right away!! Because the longer you wait, the longer you will have to deal with the garnishment or levy! We will answer all your questions, describe your options and rights, and help guide you through the entire process from start to finish!!

The affordable St. Louis bankruptcy attorneys at The Bankruptcy Company have been saving and protecting people’s assets for years. Our goal is to make sure that you keep the assets and property you want, discharge the debts that you want to get rid of, and do it all at an affordable cost to you. All phone conversations and office consultations are free of charge.

The Bankruptcy Trustee is the individual that examines all of the documents and forms that you file with the court. He or she has the opportunity to ask questions, demand further information, object to certain pleadings, and in some cases demand that you turn over property to the Bankruptcy Estate.

What does all of that mean? Well, the easiest way to describe the Trustee’s job is as follows: he or she is trying to get the unsecured creditors (i.e. credit cards, medical bills, payday loans, etc.) as much funds possible. If that means selling your unexempt assets (in a Ch7), or requiring a repayment plan to your unsecured creditors, then that’s what the Trustee will do.

In a St Louis Chapter 7, that means that any unexempt property you own could be liquidated (and the proceeds paid to the unsecured creditors). In a St Louis Chapter 13, the Trustee could demand that your monthly plan payment include enough money to pay back unsecured creditors (up to the value of your unexempt property).

ONLY $300 UPFRONT FEES FOR A ST LOUIS CHAPTER 13

In order to protect your assets, the state of Missouri has a set of “exemptions” that can be applied to certain property. For instance, there is a Homestead Exemption of up to $15,000 to cover any equity that exists in the home in which you live. If the equity in your real estate exceeds 15K, then that could potentially lead to a liquidation of your home by the Trustee (by not always, because there are certain remedies to avoid this outcome, like a Ch13).

If that sounds like a strange calculation, then welcome to the world of bankruptcy!! But this is exactly why it is so terribly important to hire an experienced St Louis bankruptcy attorney to help guide you through the process! A good lawyer is going to know how to make sure your assets (whether it is real estate, automobiles, bank accounts, or tax refunds) are kept safe!!

All you need to do is get in touch with us (as soon as possible)! Give us a call, shoot us a text, send us an email, or fill out an online form! We will answer all your questions, fully describe your range of options and rights, and make sure that you well informed at each step of the process!

The affordable St. Louis bankruptcy attorneys at The Bankruptcy Company have been saving and protecting people’s assets for years. Our goal is to make sure that you keep the assets and property you want, discharge the debts that you want to get rid of, and do it all at an affordable cost to you. All phone conversations and office consultations are free of charge.

Most of the time the answer to this question is no. If you were to file a Chapter 13, it is possible that your employer may know (if you choose to have the monthly payment deducted directly from your paycheck). But generally speaking, the only way anyone knows about your having filed for St Louis bankruptcy is if you tell them.

In a St Louis Chapter 13, a repayment plan is set up (that lasts between three (3) to five (5) years in length) during which certain debts are paid back (like mortgage arrearage, car loans, back child support, tax debt, etc.). One of the ways in which this plan payment can be made is by way of a Wage Order.

A ‘wage garnishment’ is involuntary (in other words, it occurs when some entity receives a judgment against you in court, and they send a Writ of Execution to Garnish Wages directly to your employer, and your employer has no choice but to follow the court order). On the other hand, a ‘wage order’ is voluntary arrangement that you enter into in which the court orders your payroll department to deduct the exact amount of your Ch13 repayment plan to the Bankruptcy Trustee.

ONLY $300 UPFRONT ATTORNEY FEES FOR A ST LOUIS CHAPTER 13

If you choose the latter option for paying on your Ch13 plan, then it is possible that your employer would learn about your bankruptcy (unless you employer uses a payroll company that is off-site, and he or she does not concern themselves with such administrative matters).

But the best way for you learn about your St Louis bankruptcy options is to get in touch with us!! We will answer all your questions, fully describe your range of rights under the Bankruptcy Code, and help guide you through the entire process step-by-step!!

All you need to do is give us a call (or shoot us a text, send an email, or fill out an online form)!! We will take it from there, and get you back on your financial feet!

The affordable St. Louis bankruptcy attorneys at The Bankruptcy Company have been saving and protecting people’s assets for years. Our goal is to make sure that you keep the assets and property you want, discharge the debts that you want to get rid of, and do it all at an affordable cost to you. All phone conversations and office consultations are free of charge.

I personally believe this is the case because of all the bologna that creditors tell people. Creditors will go out of their way to make people think that filing a St Louis bankruptcy will result in nothing but negative consequences in the future (like a horrible credit score, never being able to take out a loan again, never being in a position to purchase real estate, etc.).

I even had a client one time tell me that the reason why she would not file for bankruptcy is because a creditor informed her that she would lose her right to vote if she did!! (By the way, that is inaccurate. No one loses their right to vote because of a bankruptcy filing).

So as you can see, there is a great deal of misinformation that floats around about bankruptcy. Fortunately, all of it is untrue (and mostly made up crap).

ONLY $300 UPFRONT ATTORNEY FEES FOR A ST LOUIS CHAPTER 13

After filing, your credit score will improve dramatically (by as much as 100 points within the first year). You will absolutely be able to secure new lines of credit (like credit cards or personal loans; not that you’d run right out and apply for a whole new set of cards!). And you will be in a great position to purchase new “big ticket” items, such as real estate or vehicles (although it is important to point something out: the longer you wait to purchase real estate or vehicles after filing bankruptcy, the better; Why? Because the longer you wait to make such a purchase, the higher your credit score will have a chance to climb. The higher your credit score, the more favorable position you will be in to negotiate a better deal).

The best way for you to understand how the St Louis bankruptcy process works is to set an appointment to come see us!! We will answer all your questions, describe your full range of options, and help guide you through everything step-by-step!!

The affordable St. Louis bankruptcy attorneys at The Bankruptcy Company have been saving and protecting people’s assets for years. Our goal is to make sure that you keep the assets and property you want, discharge the debts that you want to get rid of, and do it all at an affordable cost to you. All phone conversations and office consultations are free of charge.

A St Louis Chapter can help someone tremendously who is dealing with a great deal of unsecured debt (such as credit cards, medical bills, payday loans, etc.). This is because a Chapter will literally wipe clean all of those debts (as if they never existed)!! Once this occurs, you will be in a much better position to move forward with life! Below are the three main benefits that you will derive from such a filing:

1. A Ch7 will instantly give you peace of mind. All the stress you had been dealing with will all melt away. Overnight, you go from a ball of stress to a person who has a whole new outlook on life!!
2. You will receive a “fresh start / clean slate” from the Bankruptcy Court. This means that your creditors will not only be discharged (i.e. the debts will be knocked out), they will never be allowed to ever contact you again (and demand money), and you will never be obligated to pay them anything.
3. All creditor activity that may have been occurring prior to your filing of the Ch7 will come to a complete halt. So if a creditor was garnishing your wages (or had a levy against you bank account, or had recently filed a lawsuit against you), this would stop as soon as your case is filed!
4. Your credit score will improve dramatically over the next 12 – 18 months after filing! Usually people can expect to see their score rise by about 100 points within the first year (but it also depends on how aggressive you are about reestablishing your rating).

But the best way to fully understand you rights and options is to come in and see us!! All you have to do is give us a call (or shoot us a text, or send us an email, or fill out an online form). We will answer all your questions, and help guide you through the entire process step-by-step!!

ONLY $300 UPFRONT ATTORNEY FEES FOR A ST LOUIS CHAPTER 13

The affordable St. Louis bankruptcy attorneys at The Bankruptcy Company have been saving and protecting people’s assets for years. Our goal is to make sure that you keep the assets and property you want, discharge the debts that you want to get rid of, and do it all at an affordable cost to you. All phone conversations and office consultations are free of charge.

The main job of the Bankruptcy Trustee is to find any assets that he or she can liquidate when someone files a St Louis Chapter 7. If the Trustee does in fact find an asset that is not exempt (or fully exempt), then he/she will have the opportunity to go after it. And because this is what the Trustee does for a living, it is very, very important that your hire a really good St Louis bankruptcy lawyer to help make sure that you don’t lose any of your assets when you file!! Below is a fuller description of the process:

When you file for bankruptcy in St Louis, the court requires that you list out all of your assets (whether it is “big ticket” items like real estate or automobiles; or smaller assets like household goods, clothes, jewelry, and bank accounts). Once these assets are fully listed on your bankruptcy schedules, your attorney can use state exemptions to protect most of them.

“Exemptions” are created by the state of Missouri so that you can keep your property (real or personal) safe!! A good St Louis bankruptcy attorney is going to know exactly how to use them so that you won’t have to worry about losing anything when you file (which is exactly why someone shouldn’t file a bankruptcy by themselves; unless you have an expert level understanding of how MO state exemptions work, and when they can be applied, then you could easily run the risk of your assets being taken from you).

ONLY $300 UPFRONT FEES FOR A ST LOUIS CHAPTER 13

After the exemptions are properly taken so as to protect your stuff, it will be okay to file your case. However, there are some occasions in which a person filing a bankruptcy has an asset that simply cannot be fully exempted. Let’s say for example that you have a piece of real estate that has over $50,000 of equity in it. There is no way that that asset can be fully exempted (i.e. kept protected from the Trustee). If you were to file a Ch7, the Trustee would absolutely want to take the house, sell it, and use the proceeds to pay towards your unsecured creditors (the very creditors that you wish to have discharged in your bankruptcy, such as credit cards, medical bills, payday loans, etc.).

In that type of situation, you will have to make a really big decision about what to do!! If you do file the Ch7, there might be a chance to work out a deal with the Trustee (so that you can “buy out” the equity in the house, and keep the asset). But more than likely, you would want to file a St Louis Chapter 13 (which will keep all assets safe, regardless of the number of assets you have).

Of course the best way in which to learn your options and rights is to make an appointment to come see us!!

The affordable St. Louis bankruptcy attorneys at The Bankruptcy Company have been saving and protecting people’s assets for years. Our goal is to make sure that you keep the assets and property you want, discharge the debts that you want to get rid of, and do it all at an affordable cost to you. All phone conversations and office consultations are free of charge.

Yes, you can. And in fact, you can pay for your St Louis bankruptcy fees in any way you see fit (over any time period, or by just about any method). The only form of payment that cannot be accepted is a personal credit card (which obviously makes sense!). Below is a more thorough explanation of how you can pay for your bankruptcy:

Most attorneys that practice bankruptcy law will charge somewhere between $1,500 to $300 in attorney fees for their services. Now if you looked at the $300 figure, and started to get excited, let me fill you in on a couple of things: YOU GET WHAT YOU PAY FOR!! Law firms that advertise such low prices are exactly what you would expect them to be (rip-off artists).

Then there is a filing fee that is set by the court. Any time you do something in the court system, and you wish to initiate a legal proceeding (whether it is a divorce, a breach of contract, or a bankruptcy), the court will assess a fee to file the case. In the Eastern District of Missouri, the filing for a St Louis Chapter 7 is $335; for a Chapter 13, it is $310.

Some law firms will also charge a fee to run your credit reports (we always suggest this fee be paid because how important it is to make sure that all of your creditors get listed). This fee can be anywhere between $30 – $60.

ONLY $300 UPFRONT FEES FOR A ST LOUIS CHAPTER 13

Finally, there is a fee that will need to be paid towards a Pre- and Post-Counseling Course. That fee can range from anywhere between $40 – $60.

So for example, at our firm we charge the following in fees for a standard St Louis Chapter 7: $675 attorney fees (and as mentioned above, the court charges a filing fee of $335, and for an individual filing there is a fee of $33 for the credit reports), for a total of: $1,043

But the best way to understand your rights and options is to get in touch with us right away!! We will answer all your questions, and help guide you through the process from start to finish!

The affordable St. Louis bankruptcy attorneys at The Bankruptcy Company have been saving and protecting people’s assets for years. Our goal is to make sure that you keep the assets and property you want, discharge the debts that you want to get rid of, and do it all at an affordable cost to you. All phone conversations and office consultations are free of charge.

By way of Missouri state law, a creditor may take no more than 25% of your net earnings (from any paycheck you receive). However, if you qualify for Head-of-Household status with the taxing authorities, then you may have the amount to be deducted reduced to 10% of your net earnings. Either way, a St Louis bankruptcy will put an end to the garnishment (as soon as the case is filed). Below is a more thorough discussion:

If you fall behind on your debts (like a credit card or medical bill), the creditor may end up suing you for breach of contract. If that creditor gets a judgment, it can execute on that judgement in one of three main ways: 1) levy your checking or savings account (i.e. bank freeze); 2) put a lien on your property (like real estate); 3) garnish your wages.

This garnishment will stay in place until one of three things happens: 1) the debt is paid in full; 2) you pass away; 3) you file for bankruptcy.

ONLY $300 UPFRONT ATTORNEY FEES FOR A ST LOUIS CHAPTER 13

If you go with option three, then the garnishment will stop as soon as you file the St Louis bankruptcy (or if any funds are in fact taken from your paycheck after the bankruptcy case has been filed, the creditor has to return it to you). And the underlying debt associated with the garnishment (whether it is a credit card, medical bill, payday loan, or whatever) will get discharged (i.e. knocked out forever).

But the best way for you to understand your rights and options is to make an appointment to come and see us!! We will answer all your questions, thoroughly describe your rights, and help guide you through the entire process from start to finish!! All you need to do is give us a call (or shoot us an email, send us a text, or fill out an online form)! We will take it from there!!

The affordable St. Louis bankruptcy attorneys at The Bankruptcy Company have been saving and protecting people’s assets for years. Our goal is to make sure that you keep the assets and property you want, discharge the debts that you want to get rid of, and do it all at an affordable cost to you. All phone conversations and office consultations are free of charge.