Frequently Asked Questions about Missouri Bankruptcy

At The Westbrook Law group, we understand that considering filing for bankruptcy is an incredibly difficult step to take. Keep in mind that Bankruptcy does not indicate failure; for some people, it is a necessary and responsible decision to make. Bankruptcy provides people who are unable to keep up with their debts a fresh start, and often is the beginning of a solution to unfortunate financial circumstances.

What does it cost to file for bankruptcy?

At The Westbrook Law Group, we understand that people who are considering filing for bankruptcy are often experiencing serious financial difficulties. As a result, we work with our clients to ensure that they can afford bankruptcy. The last thing we want is an individual who would benefit from filing bankruptcy to be unable to do so due to the cost of hiring a lawyer. Also, while some of our competitors advertise extremely low initial fees, they add on fees once their representation of a client has commenced. We are committed to being completely up front about our fees and will tell you exactly what it will cost you to file for bankruptcy.

If I file for bankruptcy, will I be able to keep my house?

In most cases, yes. A Chapter 7 bankruptcy will delay any impending foreclosure sale that may be pending. Upon the completion of the bankruptcy, if you are still able to make the monthly payments on your mortgage, you will be able to keep your home. Under a Chapter 13 bankruptcy, any amount that you may be behind on your mortgage will be wrapped up into the plan payment agreed upon by you, your creditors, and the court. In this case, you will be able to keep your home as well.

Will my information be kept confidential?

As court proceedings are a matter of public record, your filing will be part of that record. That being said, it is very rare that people take the time to dig through the bankruptcy filings at the courthouse. The Westbrook Law Group takes client confidentiality very seriously. If you have any specific concerns regarding your bankruptcy and privacy issues, please alert us to them at your initial consultation.

Will I ever be eligible for credit again?

Yes. A Chapter 7 bankruptcy “falls off” your credit report after 10 years and a Chapter 13 after 7. Furthermore, often, a person’s credit may actually improve after a bankruptcy as they are no longer liable for the debts that were discharged. Furthermore, many banks offer secured credit cards, which require a deposit to the amount of the credit limit. As you prove your ability to pay, the credit limit may be slowly increased.

Call an Experienced St. Louis Bankruptcy Attorney today for a free consultation

If you are in financial trouble and are considering bankruptcy, it is in your best interest to contact an experienced bankruptcy attorney today. The attorneys of The Westbrook Law Group will provide you with an honest and well-informed analysis of your current situation and can advise you how to best proceed. We offer free consultations and evening and weekend appointments are available. To schedule an appointment, call us today at (636)-493-9231 or through our online contact form on the right.