Manchester, Missouri Chapter 13 Bankruptcy Attorney Specializes in Reorganization Plans
Missouri Chapter 13 Bankruptcy Law Firm Helps Clients Keep Their Property
Are you wondering if you might be eligible for chapter 13 bankruptcy relief? According to U.S. Bankruptcy Code, any individual, even if self-employed or operating an unincorporated business, can file for chapter 13 as long as his unsecured debts are less than $383,175 and secured debts are less than $1,149,525.
The Chapter 13 Bankruptcy Process
To bring a chapter 13 bankruptcy case, a debtor must file a petition with the Missouri bankruptcy court serving the area in which he lives. Unless told otherwise, the debtor must file with the court:
- Schedules of assets and liabilities
- A schedule of current income and expenses
- A schedule of executory contracts and unexpired leases
- A statement of financial affairs
- A certificate of credit counseling
- A copy of any debt repayment plan developed through credit counseling
- Evidence of payment from employers
- A statement of monthly net income and expenses and any anticipated changes
- A copy of his most recent federal and state income tax returns
In order to complete the forms that make up the bankruptcy petition, the debtor will need to compile a list of all creditors and the amounts and nature of their claims; the source, amount, and frequency of his income; a list of all his property; and a detailed list of his monthly living expenses, including food, clothing, shelter, utilities, taxes, transportation, etc.
Are you behind on payments but want to keep your property in Manchester, Missouri? Bankruptcy attorney James B. Day has the experience necessary to develop a chapter 13 reorganization plan for you that will help secure your financial future. Contact The Law Office of James B. Day, LLC online or call 314-786-1218 to schedule your free, no-risk initial consultation today.
