Chapter 7 is the most common form of bankruptcy. A person or married couple files for Chapter 7 to seek the discharge (elimination) of debts that they simply can’t pay. It is a fairly complex process, but we can help you through it. Generally a Chapter 7 takes about four months from the filing of the bankruptcy case until the discharge is issued. We offer free consultations and will work with you on a payment plan to pay us to file your Chapter 7.
Chapter 13 Bankruptcy
Chapter 13 collects all of your debts into one monthly payment that you pay to the bankruptcy trustee. You have to be in Chapter 13 for between 3 and 5 years; the exact length depends on your specific circumstances. You pay according to your ability; if you don’t pay everything off in that time, your remaining debt is discharged after you make your last payment. Chapter 13 can be used to catch up delinquent mortgages and car payments, pay off back taxes, and help Debtors for whom Chapter 7 isn’t an option or a good fit. Chapter 13 is VERY complex, but we can help you navigate the pitfalls and determine if it is your best option.
Debt Settlement and Consolidation
If bankruptcy isn’t right for you, we offer debt settlement and consolidation services at our Columbia and Sedalia offices. We will contact your creditors and tell them we are representing you and to cease direct contact. You will make monthly payments that we will hold in escrow for you, and then use that money to settle your debts one at a time.
Fair Debt Collection Practices Act (FDCPA)
The FDCPA is a federal statute that makes it illegal for debt collectors to harass, lie to, or otherwise deceive people who supposedly owe money. It also provides for penalties if debt collectors attempt to collect a debt they can’t legally prove they own. If you’re being contacted or sued by a debt collector or creditors who you don’t think you actually owe, or if collection agencies have threatened you with arrest or jail, used profanity or harassing tactics, or continued to contact you after you’ve instructed them in writing to stop, you may have a claim against them under the FDCPA. We’ll work with you to determine if you have a meritorious claim, and then sue the alleged creditors on your behalf. Contact us for a free consultation.