Bankruptcy Attorney In Springfield, MO
“Please note: The Piatchek Law Firm, LLC is not currently taking Chapter 13 Bankruptcy cases at this time. We will update this page when we resume taking such cases. Thank you.”
At the Piatchek Law Firm, our attorneys can help you get back on your feet and find a fresh start. Whether you’re filing for Chapter 7 or Chapter 13 bankruptcy, we can guide you through the process, explain your options, and answer your questions. For example, you might be wondering one of the following questions:
- What is the difference between a Chapter 7 and Chapter 13 bankruptcy?
- Am I going to be able to keep any of my property? If so, what property can I keep?
- Will I need to enter into a payment schedule to pay back my debts? If so, how much will I need to pay each month?
- Will I be able to keep my home and/or vehicle(s)?
Our bankruptcy attorneys are able to answer these questions and many more. Everyone deserves a second chance, and the Piatchek Law Firm would be happy to help you attain a fresh start.
Chapter 7 Bankruptcy- Liquidation
Our bankruptcy attorneys can provide you with the expertise needed to successfully navigate the process of filing for Chapter 7 bankruptcy. Typically these cases can be resolved within a few months, and with the right help, they can leave you in far better financial standing.
When you file for Chapter 7 bankruptcy (also known as “personal” bankruptcy), the court will appoint a trustee to oversee the case. The trustee stands between the court and your property, and a reliable attorney will help you determine what property is exempt from repossession while you negotiate the terms of your repayment. Unsecured debts (such as outstanding credit card bills) will be wiped away after bankruptcy. However, other debts (like child support, alimony, student loans, and income taxes less than three years old) will remain.
Chapter 13 Bankruptcy – Reorganization
Our attorneys can provide you with the expertise needed to successfully navigate the process of filing for Chapter 13 bankruptcy. This form of debt repayment is often referred to as “wage earner bankruptcy,” because any individual with a regular income may qualify. It establishes a renegotiated payment plan that allows a debtor with a reliable income to keep assets while paying off debt over a relatively long period of time.
Individuals who are currently unemployed (or receiving temporary unemployment assistance) are not eligible for Chapter 13 bankruptcy as a repayment option. However, most other sources of income, including Social Security, private disability, and retirement, can represent a regular income.
During Chapter 13 bankruptcy, your attorney will negotiate a realistic repayment plan between you and the bankruptcy court. Having an experienced attorney on your side is extremely important, because it will shape the outcome of your case and the amount of money you end up paying. A trustee will be appointed by the bankruptcy court, and the trustee (with the help of your attorney), will determine what portion of your debts can be discharged or reduced and what you can afford to pay back. After that, the trustee will create a repayment schedule. While Chapter 7 bankruptcy cases can be discharged relatively quickly, Chapter 13 bankruptcy cases can take three to five years due to the lengthy debt repayment plans.
Free Consultation on Bankruptcy Cases
If you have any questions regarding bankruptcy protection or filing for bankruptcy, please contact our office at 417-882-5858 to set up a consultation. We offer free consultations* and flexible payment plans, and we can typically arrange one flat fee to cover your bankruptcy case.
In addition, if you would like a free informational brochure on bankruptcy, please click here to download a copy (brought to you in cooperation with the Missouri Bar). To view all of our complimentary legal forms and brochures, please visit “Legal Forms and Brochures.”