make a fresh start
20 years of experence
If you find yourself overwhelmed with debt then filing bankruptcy may be a solution. Bankruptcy can stop foreclosures, wage garnishments, lawsuits and any other collection activities you are experiencing. While filing bankruptcy is never a desired course of action, when done correctly it can remove the burden of your debts and allow you and your family to make a fresh start in life.
helping you in Bankruptcy court
Discharging your debts & protecting your assets
discharing your debts
The first thing to understand about bankruptcy is that there are actually multiple types (which are known as “Chapters”). The majority of people file either a Chapter 7 or Chapter 13.
A Chapter 7 is a 90 day process in which a person’s unsecured debt is simply discharged (i.e., wiped out).
A Chapter 13 is a 3 to 5 year process in which part of a person’s debt is discharged and part of it is paid back through a payment plan.
Which chapter will work best for any one person is dependent on that person’s specific circumstances. Therefore before committing to any course of action you should discuss your particular circumstances with a reliable Missouri bankruptcy lawyer. Darryl Garner has 20 years of experience filing both Chapter 7 and Chapter 13 bankruptcies and is available to advise you of all of your options.
protecting your assets
A primary issue to consider in choosing which chapter to file is how your assets may be affected.
In a Chapter 7, the Court is looking to see if a debtor has any property that can be sold or seized to pay off some of that person’s debt. However, with good legal representation, many individuals can file a Chapter 7 and avoid losing any of their property.
If a person’s circumstances is such that they cannot file a Chapter 7 without losing an important asset then filing a Chapter 13 may be a better option. In a Chapter 13 the Court does not attempt to take any asset from a debtor. Rather, the Court pays part of that person’s debts through a 3 to 5 year payment plan.
“Debt is the slavery of the free.”
plan of action
know your rights
If you’re considering declaring bankruptcy in order to secure debt relief, you’re not alone! Between one and two million American families declare bankruptcy every year in order to get a fresh start on their finances. If your debt is keeping you up at night, it might be time to contact a knowledgeable attorney to see if declaring bankruptcy makes sense for you and your family.
building your case
File the appropriate bankruptcy Chapter and get immediate relief from your creditors.
achieving your goals
Receive your discharge and make your fresh start.