How Consulting A Bankruptcy Attorney in St. Charles MO About Chapter 7 Can Improve Your Financial Outlook
In this day and age, it’s easy to find yourself overwhelmed by the sheer numbers of bills you have. From mortgage payments to car notes to credit card debt, many of today’s consumers are seeking relief from the financial havoc that these things have wreaked in their lives. Fortunately, the federal government has offered consumers a way out. By filing a bankruptcy petition, it is possible for you to improve your financial situation. If you’ve been considering which type of bankruptcy would best help you get rid of your debt, read on to find out why asking a qualified Bankruptcy Attorney in St. Charles MO about filing for Chapter 7 could be your best bet.
Wiping The Slate Clean
While it’s true that Chapter 13 bankruptcy can be a great solution for many debtors, it should be noted that it does not offer the same fresh start that Chapter 7 bankruptcy provides. This is because Chapter 13 petitions require you to come up with a repayment plan that details how you will compensate your creditors for their losses. When you work with a Bankruptcy Attorney in St. Charles MO to file a Chapter 7 petition, many of your debts will be discharged immediately, and you won’t have to worry about how you’ll pay them back.
Getting A Quick Resolution
Because of the aforementioned repayment plan, a Chapter 13 bankruptcy case can take up to five years to come to a close. Consequently, consumers often prefer filing for Chapter 7 because it affords them a much more speedy solution to their problems. The typical Chapter 7 case is resolved within a six-month period, which means that you will be able to move on with your life and begin the process of rebuilding your credit profile much more quickly.
Those who plan to file any type of bankruptcy petition should know that having a Bankruptcy Attorney on your side throughout the process is key to making sure that things are done quickly and efficiently. If your financial future seems bleak, call the Law Offices of Steven K. Brown St. Charles MO. Not only will they be able to provide you with a thorough evaluation of your particular case, but they’ll present viable solutions to help you finally achieve your dream of getting your finances – and your life – back on the right track. Visit website URL for more information.