When bill collectors are constantly calling with harassing threats, it can cause you to feel overwhelmed in many ways. Many people feel pressured to quickly overcome their debt, so they end up using credit cards and quick loans, trying to rid themselves of the problem. Unfortunately, this only exacerbates a bad situation and gets you further in debt. If you have done all you can to pay down your debt and make payment arrangements with your creditors, there may be a solution. Through a Bankruptcy Attorney in St. Charles MO, you can learn about your options for overcoming your debt permanently.
To find out if bankruptcy is an option for you, you will need to collect as much information as you can on all the debts you owe. The Bankruptcy Attorney in St. Charles MO will need to know more about your debts, the income you have coming in and any assets you own. This will assist the attorney in making the call on which type of bankruptcy will best benefit your financial situation.
If you choose to file bankruptcy, it is important all of your debts are listed in your decree. If you do not list some of the bills, they will be your responsibility and you may continue to be pursued for them, even having your wages garnished or being taken to court. If they are listed, the creditors cannot contact you in any way or pursue the debt.
In chapter 13 bankruptcy, you will pay a monthly payment to the court, based on your income and the amount of debt you owe. This allows you to pay off your debts in a period of two to five years. Once your bankruptcy period is over, your debts will be paid off and you will be financially free. Through the help of a Bankruptcy Attorney in St. Charles MO, you can find out if this option will help your situation.
For further information, contact the Law Offices of Steven K. Brown St. Charles MO. Through a consultation appointment, you can learn more about your bankruptcy options, so you can make an informed decision on your financial situation. Visit website for more details.
