When someone is in financial distress, they often feel there is no way out. Though they may try to pay off their bills or work with their debtors for a solution, this often proves fruitless as more debts continue to pile up. Those who are in this situation often need help they cannot find alone. By reaching out to a Bankruptcy Attorney in St. Charles MO, people can find true relief from their financial mess so they can start fresh and make better financial decisions.
A person who is dealing with too much debt should schedule an appointment with a Bankruptcy Attorney in St. Charles MO. The attorney will need to see the person’s bills, their income amounts and any assets they may own above their residential home and car. This information needs to be provided so the attorney can help a client to make a determination on what type of bankruptcy will be best to file.
When a person files for bankruptcy, an administrative judge approves it and issues an automatic stay. During the period of an automatic stay, no creditors are allowed to pursue the person who owes them through any means. They cannot garnish wages, repossess property, or foreclose on a home. Creditors are not even allowed to contact their debtor. If any communication must be shared, it is sent through the attorney.
With a Bankruptcy Attorney in St. Charles MO, people can be introduced to the two different options they have for being rid of their debts. Chapter 7 is the fastest bankruptcy though a person will need to pass a mean’s income test and may be required to surrender certain types of property. Chapter 13 takes longer to settle and only covers people with debts up to a certain amount. Those filing chapter 13 are required to pay monthly payments to pay down their bills.
No matter which bankruptcy option a person chooses to file, an attorney can help. For more information on these options, visit the website. Through the Law Offices of Steven K. Brown, people can overcome their debts and find financial freedom through the law.
