Posted by Zoe Geoffrion , on Nov, 2015
When a person finds that they are buried too deep in debt that they cannot get out, filing for bankruptcy may be the only option. Unfortunately, filing for bankruptcy can be very complicated; hence, in order to understand the process and be sure that they are filing correctly, they should hire an attorney who specializes in bankruptcy in St. Louis, MO. There are several things that a lawyer can do that they may not be able to do themselves.
Chapter 7 or Chapter 13?
When it comes to personal finance, there are two bankruptcy options: chapter 7 or chapter 13. Chapter 7 would remove all unsecured debts, which means that after the bankruptcy, the person filing would no longer owe money to their creditors. Chapter 13 bankruptcy simply gives the person filing more time to pay off their debt. An attorney who specializes in bankruptcy in St. Louis, MO would review their circumstances and help them determine which type of bankruptcy would be more beneficial.
Filing the Forms
The forms necessary to file for bankruptcy can be very complicated, and if they are not filled out correctly, the application can be denied. A bankruptcy lawyer will have a great deal of experience in filling out the forms, allowing the process to go through without any delays.
When a person files for bankruptcy, there is much more to the process than simply filing a form. The person filing would need to take a pre discharge counseling course, which is a class where they will learn how to avoid getting into financial trouble again. They will also need to know which debts can be discharged and which ones cannot. A lawyer who specializes in bankruptcy can guide the person filing through all of the steps required to complete the bankruptcy, and help to stop harassing phone calls and letters from creditors.
Filing for bankruptcy can be very confusing; in order for a person to get through the process, they would need to hire a lawyer who specializes in bankruptcy in St. Louis, MO. The attorneys at Van Dillen & Flood P.C. will work with their clients to make the bankruptcy process as easy as possible.