Chapter 13 Bankruptcy

St. Louis Chapter 13 Attorney

Save Your House and Your Peace of Mind

Chapter 13 Bankruptcy Attorney in Missouri

If you are facing a garnishment, or have gotten a demand letter after a deficiency judgment, you need assistance right away. If you cannot keep up on your payments, and are at a breaking point in your finances, you need to contact a bankruptcy attorney who can help you get out from under the burden of debt and avoid foreclosure or repossession.

Unlike Chapter 7 bankruptcy, Chapter 13 bankruptcy can help debtors keep their house and other assets by reorganizing the debt into a manageable amount. Chapter 13 bankruptcy is also helpful for people who have an income that disqualifies them from the means test of Chapter 7 bankruptcy. If you have a regular income, Chapter 13 bankruptcy may give you time to pay off part or all of your debts under a debt repayment plan.

At The Law Office of James B. Day, LLC, we have worked with hundreds of clients who have decided that bankruptcy is the best option for their situation. In those cases, we work to save your home and your other big assets, including your car, and help clients get back on a steady financial track. Contact our firm online or at (314) 786-1218 to set up an appointment for a free initial consultation.

Advantages of Chapter 13 Bankruptcy

Filing for Chapter 13 bankruptcy has many advantages for people who are facing overwhelming amounts of debt, including:

  • Saving your home from foreclosure. By filing for Chapter 13 bankruptcy, a homeowner may be able to stop a foreclosure from happening by resolving passed due mortgage payments over time. It is still required that all mortgage payments be made on time while paying off the Chapter 13 payment plan, but if this is done, the house may be saved.
  • Reschedule secured debts. By rescheduling secured debts (other than a mortgage), you can extend those debts over the lifetime of the Chapter 13 payment plan and reorganize and lower the payment amounts for those debts.
  • Protect co-signers and third parties. Chapter 13 bankruptcy carries with it a provision that helps to protect third parties and co-signers who would ordinarily be liable with you on consumer and credit card debts. This is helpful for avoiding financial trouble for family members and friends.

Chapter 13 bankruptcy may be a good solution for your financial difficulties. To find out whether it is right for you, contact our firm for a free consultation. We can go over your options and figure out if a repayment plan is in your best interests. Call an experienced bankruptcy lawyer at (314) 786-1218.

The Law Office of James B. Day, LLC, is conveniently located in West St. Louis County, Missouri, and provides legal representation and service to clients in the surrounding area including Chesterfield, Ballwin, Manchester, Town & Country, Kirkwood, Webster Groves, Creve Couer, Fenton, Eureka, Wildwood, Ladue, St. Charles, O Fallon, Maryland Heights, Bridgeton, Ellisville, Des Peres, Clarkson Valley, Frontenac and the counties of St. Louis County, St. Louis City, St. Charles County, Jefferson County, Franklin County, Warren County and Lincoln County.