Get Debt Relief Through Chapter 13 Bankruptcy in St. Louis
Many hard-working people get into financial difficulty through no fault of their own. A job layoff, a divorce, an accident or other events can cause you to accumulate too much debt or maybe just set you back temporarily. That is why at the Ridings Law Firm in St. Louis, we are here to help eliminate your debt with a Chapter 13 Bankruptcy Filing.
How Chapter 13 is Different Than Chapter 7 Bankruptcy
In a Chapter 13 bankruptcy, some of your debts are reduced or eliminated. We prepare a payment plan which allows you to pay off your remaining debts over a three to five-year period at a rate you can reasonably afford. You can keep your house, your vehicles and most or all of your personal property. At the end of the payment period, your unpaid debts are discharged. The Chapter 13 does not remain on your credit report as long as a Chapter 7.
Who is an Ideal Client for a Chapter 13 Bankruptcy Filing?
A Chapter 13 bankruptcy is ideal for people who have certain types of secured debts, above average incomes, or have property they might otherwise risk losing in a Chapter 7. Some people are better off with Chapter 7 bankruptcy instead. We can help you make the decision that is right for you.