Thinking about filing for bankruptcy can make people feel ashamed. It is important to remember that most individuals encounter financial difficulties for reasons outside of their control such as unemployment, illness and divorce. Hiding from your financial problems out of shame only exacerbates the problem later. With the help of a bankruptcy attorney, you can face your problems and find a path toward financial freedom.
When you come to Jennifer Benedict Law Office, LLC, you get personal attention combined with the seasoned counsel of our bankruptcy attorney. Jennifer Benedict formerly worked for creditors and crafts creative legal strategies for clients based off her knowledge of how creditors go after individuals.
Chapter 13 Bankruptcy To Protect Your Assets
If you do not qualify for Chapter 7 bankruptcy, or if your Chapter 7 case has been successfully challenged by a creditor, you may be eligible for Chapter 13 bankruptcy. Unlike Chapter 7, your debts will not be automatically discharged in Chapter 13. Instead, you enter into a three-to five-year debt repayment plan approved by bankruptcy court. After that repayment period, the remaining balances on your outstanding unsecured debt will generally be discharged.
From our Missouri office, our skilled lawyer provides candid advice regarding your chances of meeting your goals through Chapter 13. One of the advantages of Chapter 13 is that your assets are protected, including your home, because filing for bankruptcy can stop foreclosure. When you meet with lawyer Jennifer Benedict, she explains in detail the entire Chapter 13 process and works with you to determine whether it is a possible solution to your financial problems.