Chapter 7 Bankruptcy Attorney in Sunset Hills, MO
Doyel Law mainly focuses on bankruptcy law in Missouri. We have the knowledge and experience to effectively evaluate your specific situation and determine which type of bankruptcy would best suit your case. If you’re facing financial difficulties and insurmountable debt, call our Sunset Hills Chapter 7 bankruptcy attorneys today to see if filing a Chapter 7 bankruptcy would be best for you. With offices in Sunset Hills and Bridgeton, our bankruptcy attorneys at Doyel can surely help you. Schedule a consultation with us today!
What is Chapter 7 bankruptcy?
Unlike a Chapter 13 bankruptcy, Chapter 7 is referred to as a “fresh start” bankruptcy. Also known as liquidation bankruptcy, Chapter 7 allows debtors to discharge from most of their debts and get a fresh start.
To qualify for a Chapter 7 bankruptcy, a debtor must pass the bankruptcy means test. This determines whether you’re eligible to file for chapter 7 bankruptcy and assesses whether you can file for debt erasure through Chapter 7. It considers your income, living expenses, and your family’s size to determine whether you have enough disposable income to repay your debts.
Some common types of debt that you can discharge through Chapter 7 are:
- Medical bills
- Credit card debt
- Payday loans
- Bank levies
- Unpaid taxes of more than three years old (in rare circumstances)
- Personal loans
- Social Security overpayments
- Veterans assistance loans and overpayments
- Collection agency accounts
What are the immediate benefits of the Automatic Stay?
When you file for bankruptcy, the Automatic Stay is immediately put into effect. This is one of the most instantaneous reliefs that filers get from bankruptcy. The moment you file bankruptcy, the automatic stay stops all debt collection efforts from creditors. It prevents creditors from:
- Filing a civil lawsuit to collect debts
- Repossessing your car
- Foreclosing your home
- Making non-stop creditor calls
- Enforcing a lien
- Making reaffirmation agreements
- Garnishing your wage
Consult an Experienced Sunset Hills Chapter 7 Attorney Today
Doyel Law is here to help you get a fresh start in life and regain financial security. We will collaborate with you to come up with a solution that fits your financial situation. We understand that you are facing financial hardship. That is why we are offering our legal services at affordable rates.
Our experienced Missouri Chapter 7 attorneys will personally meet with you and handle your case with utmost professionalism and care. To schedule a consultation, call our Missouri bankruptcy law firm at 341-909-9909.
Should I file for Chapter 7 bankruptcy?
A successful Chapter 7 bankruptcy filing wipes out different types of debt. This means that if your bankruptcy filing gets approved, you no longer have to repay your debts. However, Chapter 7 is not suitable for all debtors. The bankruptcy court will consider different factors before you can file bankruptcy, such as your income, other obligations, and goals.
If you’re planning to file Chapter 7 bankruptcy, it is best to consult with an experienced Sunset Hills bankruptcy attorney at Doyel Law. Our Chapter 7 bankruptcy attorneys will sift through your case and help you develop a solution that is best for your needs.
How can Chapter 7 bankruptcy help with my debt?
A Chapter 7 bankruptcy filing is considered the quickest and most straightforward type of bankruptcy. While it can’t help you wipe out non-dischargeable debts such as:
- Child Support
- Student loans
- Tax Liens
Chapter 7 bankruptcy can help you wipe out certain dischargeable debts. This can help free up your budget and help you prioritize your non-dischargeable debts. There are many things to consider before filing bankruptcy. If you think that bankruptcy can help with your current financial situation, don’t hesitate to consult an experienced Sunset Hills bankruptcy attorney. We can evaluate your case and help you get a fresh start. Call our Sunset Hills and Bridgeton, MO bankruptcy attorneys today to help you rebuild your financial future.
Which types of debt can a Chapter 7 bankruptcy discharge?
A Chapter 7 liquidation bankruptcy helps you eliminate unsecured debt. Unsecured debts don’t have collateral, such as medical bills, credit card debt, and personal loans.
Which types of debt are non-dischargeable?
Non-dischargeable debts are debts that are secure and have collateral. Certain unsecured debts can also be non-dischargeable in bankruptcy. Typical examples of non-dischargeable debts include student loans, alimony, child support, tax debts, and criminal fines.
Will I get bankruptcy protections in Chapter 7?
Most debtors seek the protection that comes with filing bankruptcy. Once your bankruptcy is filed, the automatic stay ensures that your creditors can sue you for failing to pay your debts. Harassment from creditors will also be stopped, such as constant calls and emails. The automatic stay will also stop wage garnishment, foreclosure, and repossession.
Will I lose my property in Chapter 7?
We will not file a Chapter 7 bankruptcy for you if you lose property that you want to keep based on what you have disclosed to us.
In bankruptcy, there are exemptions that we apply to your property for you to keep it for a fresh start. Without exemptions, they would take everything you own and sell it to pay creditors. This is completely unfair, so we can exempt property so that you can keep it for a fresh start. As experienced bankruptcy attorneys, we know how to use the exemptions to protect your property best.
How long does it take to complete a Chapter 7 bankruptcy?
The Chapter 7 bankruptcy process usually takes more or less six months to finish.
Will a Chapter 7 bankruptcy affect my credit score?
A bankruptcy filing can stay on your credit report for eight to ten years. However, there are ways to effectively rebuild your credit so you can make mortgage or auto loans after bankruptcy. At Doyel Law, we understand how important it is to be freed from your debts and help you get financial stability. Our bankruptcy attorneys are here to help you rebuild your credit and get your life back on track. Consult our Missouri bankruptcy attorneys at Sunset Hills and Bridgeton today to find out how we can help you rebuild your credit after filing bankruptcy.
Who can file a Chapter 7 bankruptcy in Missouri?
Before a debtor can file bankruptcy, there are specific qualifications that a debtor must meet:
- A debtor must pass the bankruptcy means test, which considers your income, monthly expenses, and living situation.
- A debtor must not have filed bankruptcy Ch 7 in the last eight years.
- A debtor must not have filed a Ch 3 bankruptcy in the last six years.
- A debtor must not have filed a bankruptcy petition rejected in the last six months due to fraudulent bankruptcy or a court violation.
- A debtor must not have petitioned a bankruptcy dismissal in the last 180 days.
If you’re qualified to file for Chapter 7 bankruptcy, ensure that all court forms and documentation related to your properties, debts, and finances are appropriately submitted. You must also ensure that you correctly follow the rules in your bankruptcy proceeding.
Failure to comply with any of the requirements and procedures may result in the dismissal of your case. If you’re in financial debt and think that bankruptcy might be for you, consult our bankruptcy attorneys at Doyel Law. We serve individuals and families in Sunset Hills, Bridgeton, and other nearby areas in Missouri. Our bankruptcy lawyers can help evaluate your debts and finances to see if you’re qualified to file bankruptcy under Chapter 7. Call us today to schedule a consultation and find out if you’re eligible to apply for bankruptcy.
Filing for Chapter 7
Bankruptcy laws require that we obtain certain information from you. This is to ensure that we have accurate information so that your case will be successful and also that, as attorneys, we do our due diligence to verify that what you tell us is true.
We strive to make that process as simple as possible and will explain every item we need. At Doyel Law, we believe that you hired us to represent you in your bankruptcy, and as part of that representation, we do not have long, complicated forms to fill out. It’s as simple as you giving us the documents needed, and we do the rest.
Once you turn in all the required information, we will typically have your case ready to file in just a few days. At that time, we will have a “filing review” meeting with you to detail all the information and ensure that it is complete and accurate. At this meeting, we will provide you with all the documents to be filed so that you can read and sign everything. No surprises, the key to a successful bankruptcy are honesty and accuracy.
After we know that the bankruptcy documents are accurate and complete, we will file your case electronically with the court. As soon as the case is filed, everyone you owe money to stop collecting from you. This means that the phone calls, garnishments, lawsuits, and foreclosure must stop.
Get help from a reliable Chapter 7 bankruptcy attorney in Missouri!
Generally, Chapter 7 bankruptcy is perfect for debtors who do not have many properties or have debts that are bigger than their annual income. If you’re struggling to pay off debts such as medical bills and credit card bills, then filing Chapter 7 is best for you.
A Chapter 7 bankruptcy filing allows you to have a fresh start after bankruptcy. Seek the help of experienced Missouri bankruptcy attorneys today to get all the relevant information you need to file bankruptcy. Schedule a consultation with our Missouri bankruptcy law firm today!