a Chapter 13 Bankruptcy is a plan to repay some or all of your creditors. The plan can range from 3-5 years. Most times, the amounts paid back to creditors are less than the full amount owed, if they receive anything at all.
A lot of times, a Chapter 13 can be a much better choice than a Chapter 7 Bankruptcy. A lot of clients may be wary of filing a Chapter 13 because it requires monthly payments. Here is a short list of benefits a Chapter 13 Bankruptcy can have for Missouri clients:
You may think your situation is simple and does not require a lot of investigation. That is NEVER the case. Only an Attorney can review your entire case and let you know the best way to proceed. That takes time and knowledge of the Bankruptcy Code.