For many individuals and couples who are still earning an income but are struggling with debt, filing for Chapter 13 bankruptcy may be the right fit. Drafting a Chapter 13 Plan that fits your needs and is affordable may be difficult, which is why you should always obtain the help of an experienced attorney.
Flesner Wentzel is committed to protecting your legal rights and helping you reclaim your life from burdensome debts. We have helped countless individuals in and around St. Charles, Missouri, seek bankruptcy protection and shed bad debts while keeping their most-valued assets.
The Benefits Of Filing For Chapter 13 Bankruptcy
Unlike Chapter 7, in a Chapter 13 filing, your debts will be consolidated, and you will make one monthly payment for a period of three to five years. After you complete your dept repayment plan, your remaining unsecured debts — such as credit card and medical debts — will be wiped away. Additionally, a Chapter 13 bankruptcy will allow you to make up missed mortgage and car payments over time and avoid foreclosure and repossession.
As your lawyer, Flesner Wentzel can represent you in negotiations with your trustee so that you have a payment you can afford.
Like Chapter 7, a Chapter 13 filing will immediately put a stop to all collection activities, including wage garnishment, repossession and foreclosure. If you are behind on your mortgage, a Chapter 13 filing could give you the time you need to catch up on your payments.
Getting the right debt reduction plan is paramount when you are financially struggling. For some, filing for bankruptcy may not be the right option. You can count on Flesner Wentzel to listen to your questions and concerns and learn everything there is to know about your situation. We will give you the practical legal advice you need to make informed decisions that protect your best interests.
Contact Us Today to Discuss if Chapter 13 Bankruptcy is Right for You
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.