If you have found that your debt is out of control, don’t give up just yet. After all, there are plenty of options available. It’s up to you to decide which one is the best for your situation. Many people avoid filing for a bankruptcy simply because they don’t want to lose their homes and their cars. If this is something that you are worried about, you may consider filing a chapter 13 in St. Louis. Basically, this is a re-organization of your debt. You will still have to pay off a portion of your debt. However, it will be much less than what you were paying before. For example, if you were paying $400 for a car payment, $200 for a credit card, and another $150 for medical bills, everything could be consolidated into one monthly payment for a lesser amount. Many people have said that they were able to spend less money than they were paying for their car payment for all of their bills. Basically, you would send a check to the court once a month. The court would redistribute your money to your creditors for you. Of course, you won’t be able to miss any payments. If you do, you are basically on your own.
Chapter 13 St. Louis is something that many people prefer to do because it lets their creditors know that they are still trying. It isn’t going to look as bad on your credit report than it would if you filed a Chapter 7. Before you begin the process, contact the Law Offices of Steven K. Brown. This will give you an opportunity to speak with an attorney about the process of filing a bankruptcy. It will help you to know whether or not this is something that you should do. It will also help you to get back on your feet again.
There are plenty of options available when it comes to bankruptcy. If you are interested in paying back your creditors, check into a Chapter 13 St. Louis. This way, you will be able to say that you did everything you could to get yourself out of debt.
