If you are thousands of dollars in debt, the stress to pay it all off can feel impossible to handle. It’s important to know that you don’t have to face this difficult time alone. With the help of a reputable law firm, you can utilize Chapter 7 in St. Charles, MO, to help get your life moving forward again. Whether you are in debt due to poor business decisions or unreasonable interest rates on a loan, you might want to consider checking to see if you qualify for the protection of Chapter 7 bankruptcy. If you do qualify, the banks will discharge most or even all of your debt. You can even keep your property in most cases.
Eligibility
Chapter 7 bankruptcy is based on your income, not your debt. Whether you owe 5 thousand dollars or 20 thousand, you can apply for this protection. Van Dillen & Flood, P.C. is a great example of a reputable law firm capable of helping you through this process. To understand your options, you must sit down with a knowledgeable professional to discuss your unique financial situation. From there, you can determine what your best course of action might be. If you cannot explain an asset loss or have inadequate documentation, it is especially important that you contact an attorney. They understand the confines of the legal system and can apply it to your specific situation.
Debt Elimination
Chapter 7 bankruptcy will dissolve most debts, with a few exceptions. Alimony, some student loans, criminal restitution, and child support are among the debts that this will not dissolve. If your debts have nothing to do with these categories, you are likely to have your financial burden lifted at last. Consider the feeling you will have once you have control of your life again. When a person’s debt is too high, everything can feel like a step backwards. Once you are free, you will finally have the freedom to step toward a simpler, happier future. Only you have the power choose Chapter 7 as a solution to your debt issues. View website to know more about the chapter 7 in St. Charles, MO.
