Bankruptcy: Chapter 7 Vs. Chapter 13
If you are thinking about filing for bankruptcy, or you have made the decision to do so, you may have questions about your options. The Law Offices of Carla J. Zolman, L.L.C., has answers. We proudly represent clients in St. Louis, St. Charles, Jefferson County, and surrounding areas of Missouri.
Our bankruptcy attorneys can help you fully explore Chapter 7 and Chapter 13 bankruptcy. We can help you determine your eligibility for Chapter 7, a liquidation bankruptcy, and whether it might be the best option for you. If you do not qualify for Chapter 7 or you would rather restructure your debt, we can educate you about the process involved with Chapter 13 repayment bankruptcy.
Whatever your financial circumstances may be, we can create a customized plan to guide you toward a more positive financial future. Contact us today to learn more. Call our office at 314-549-8985 or send an e-mail.
Chapter 7
To help you get ready for bankruptcy, we will help you gather your financial records. Once we have accounted for all your debts, expenses, income and assets, we can help you determine your eligibility for Chapter 7 through a means test. If you qualify, you could potentially get a fresh start in as little as six months. Chapter 7 eliminates many of your unsecured debts including credit card debt and medical expenses.
Chapter 13
If you do not qualify for Chapter 7 because you are above the local median income or you wish to retain more control of your assets, we can help you determine your eligibility for Chapter 13 bankruptcy.
Through Chapter 13, also known as reorganization bankruptcy or wage-earner bankruptcy, we can help you structure a plan to consolidate your debt into a workable payment plan that lasts three to five years. Chapter 13 allows you to bring mortgage payments current and stop foreclosure. It can also help you catch up on a car loan to prevent repossession.
Although tax debts are non-dischargeable, we may be able to negotiate lower interest rates or the reduction of penalties.
Whether you wind up pursuing Chapter 7 or Chapter 13 bankruptcy, you can rely on our lawyers for thorough representation and personal attention. It is our goal to get you debt relief as quickly and painlessly as possible. Call the Law Offices of Carla J. Zolman at 314-549-8985 today to learn more about our services. You can also contact us online.
*We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
