Debt can pile up quickly and leave you feeling like you are drowning. Often, people turn to credit cards and payday loans to get themselves out of debt. Though this may provide temporary relief, it can actually lead to further problems. If you are dealing with more debt than you can handle, there may be a solution. Through a Bankruptcy Lawyer St. Charles MO, you can learn about your options for filing for bankruptcy so you can permanently overcome your debt.
To learn about your options, you need to schedule a consultation appointment with the Bankruptcy Lawyer St. Charles MO. It is important you bring in any information you have on the debts you owe, your income and any assets you own. These will prove beneficial in assisting your lawyer in helping you to decide which bankruptcy type will most benefit your needs.
Chapter 7 bankruptcy is an option for those with unsecured consumer debt. Both individuals and married couples can file. In this type, you must be tested through a Mean’s Test to make sure you qualify. You must meet certain eligibility requirements. If your income is low enough, you may qualify. If you own certain types of assets, these may be sold to pay off your debts. Chapter 7 bankruptcy typically settles in six months or less.
If you have secured debts, such as a home, you may want to consider filing for Chapter 13. This type is perfect for helping you avoid foreclosure or repossession of your vehicle. This type of bankruptcy lasts much longer than Chapter 7. Your Bankruptcy Lawyer St. Charles MO can help to lower your monthly payments so you can afford to pay down your debts in a period of two to five years.
If you are dealing with too much debt, contact the Law Offices of Steven K. Brown St. Charles MO. They will be happy to help you understand your rights for filing for bankruptcy so you can overcome your debts. Contact them today and schedule your consultation appointment so you can learn more about your options. They will assist you every step of the way. Browse website for more information.
