Chapter 7 / Chapter 13

Westbrook Law Group focuses exclusively on bankruptcy law and has the expertise and background to effectively evaluate your case and determine what type of bankruptcy, if any, would be most beneficial to you.

Chapter 7 Bankruptcy Basics

Chapter 7 bankruptcies are also referred to as “fresh start” bankruptcies because in Chapter 7 an honest debtor may receive a discharge of most of their debts and receive a financial fresh start. Some common types of debt that can be discharged in a Chapter 7 bankruptcy proceeding are:

  • Credit card bills
  • Payday loans
  • Medical debt
  • Bank levies
  • Back taxes (more than 3 years old – in some circumstances)
  • Judgments

The Automatic Stay: an Immediate Benefit

The most instantaneous benefit that people who file for bankruptcy enjoy is known as the “automatic stay.” The automatic stay is an injunction that occurs the moment that bankruptcy is filed that prevents creditors from trying to collect on the debt. The types of conduct that the stay prohibits creditors from engaging in are:

  • Bringing suit to collect on a debt
  • Repossessions or foreclosure
  • harrassing creditor calls
  • Actions to create or enforce a lien
  • Set-off of debt
  • garnishments

Call an experienced St. Louis bankruptcy today for a free consultation
Westbrook Law Group is here to help you move toward a brighter financial future. Our rates are reasonable and we will work with you to find a payment structure that meets your needs. We understand that our clients are facing financial difficulties and are flexible in our fees. Your initial consultation will be free of charge, and you will meet directly with an experienced bankruptcy attorney who will evaluate your case and let you know what course of action would be best for you. To schedule a free consultation, call us today at (636) 486-1122 or fill out our online case evaluation form and a member of our staff will be in touch with you shortly.

Chapter 13 Bankruptcy Basics

Chapter 13 Bankruptcy allows a debtor to engage in a financial reorganization supervised by a federal bankruptcy court. Usually, people who are facing a foreclosure, repossession or people who can afford to pay their disposable income to their creditors choose to file a Chapter 13 bankruptcy. Furthermore, people with substantial non-exempt property (that would be sold in a Chapter 7 bankruptcy) may also benefit from filing a Chapter 13 bankruptcy.

In a Chapter 13 Bankruptcy, an individual reorganizes their debt in such a way that they propose to pay their creditors their disposable income over a three to five year period. The plan is memorialized in writing, and details all the future transactions that will occur between a debtor and his or her creditors. Generally, the debtor keeps their property, and the creditors receive much less money than had the debtor not filed for bankruptcy. Below is a list of some of the advantages of filing a Chapter 13 bankruptcy

  • Stopping a foreclosure
  • Discharge of debts not dischargeable under Chapter 7
  • reinstate suspended license
  • protect non exempt assets
  • debts incurred in divorce

Chapter 13 From Start to Finish

Below is a list of what to expect in the event that you choose to file a Chapter 13 bankruptcy.

  • free initial consultation
  • complete paperwork with attorney & Case filed
  • Attend creditors meeting
  • first payment 30 days after filing
  • Confirmation of plan 30 to 60 days after creditors meeting
  • payments for 36-60 months
  • discharge of plan upon completion

Call an Experienced St. Louis Bankruptcy Attorney Today for a Fresh Start
If you’ve gotten in over your head financially, call Westbrook Law Group today to schedule a free initial consultation. Together, we can evaluate your financial situation and determine what the best course of action is to quickly put you back on track. We understand that the people seeking our services are having financial difficulty, and as a result offer competitive rates and payment plans. We also are available to meet with you in the evening or over the weekend, by appointment. Call us today at (636) 486-1122 or fill out our online case evaluation and someone will get back to you shortly.