Bankruptcy
Most of what is publicly known about bankruptcy has been reduced down to the basics, and some of it is no more than misunderstood myth. If you are contemplating bankruptcy as a way to ease yourself out of the debt in which you have found yourself, Adams Law Group can be of assistance. As a debt relief agency that has been designated by the United States Congress, we have been successful in our attempts to solve thousands of debt problems for individuals who are struggling.
How we Can Help
At Adams Law Group, we focus on bankruptcy and all of the intricate details that go along with the process. Whether you are contemplating bankruptcy, or you're in the thick of the process already, our services can be accessed for assistance. We also make ourselves available to individuals who need post-bankruptcy assistance. Our areas of practice include:
Chapter 7
Commonly referred to as liquidation bankruptcy, Chapter 7 allows debtors to eliminate almost all of their unsecured debts. Under most circumstances, people who file for Chapter 7 are still permitted to keep their property, and will still benefit from the relinquishment of their debts. In total, the process takes approximately four months.
Chapter 13
This type of bankruptcy is also called reorganization bankruptcy because it allows debtors to reorganize their debts in a way that is manageable to pay over an extended period of time. Typically, individuals who file for Chapter 13 have up to 60 months to pay off a portion of the debts they owe. Through Chapter 13, many debtors have been able to keep their property and stop the lawsuits against them.
After Filing for Chapter 13
How you handle yourself and your finances after filing for Chapter 13 needs to be acted out carefully. You will be expected to make timely payments that reflect the terms and conditions of your reorganization. The questions you have about tax refunds, extended warranties, and insurance payments should be directed to an attorney at our firm as soon as possible.
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Drowning In Debt? -
Paying High Interest?
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Harassed By Creditors?
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Stressed Out By Your Finances?
Tell us about your situation, seek the professional advice you deserve.
Foreclosure Defense
Bankruptcy can be one of the most effective ways to avoid foreclosure on your home. When you file for Chapter 7 or Chapter 13 bankruptcy, an automatic stay will be placed on your debt, which means foreclosures and everything else related to your debt must be put on hold. Most individuals that file for Chapter 13 bankruptcy effectively avoid foreclosure on their homes altogether.
Bankruptcy Alternatives
Not all indebted individuals will qualify for bankruptcy. For people who are facing debt but do not wish to declare themselves bankrupt, alternatives can be enacted instead. Debt negotiations and settlements are other effective ways to enable a debtor to pay smaller amounts of money over a longer period of time.
Life After Bankruptcy
Individuals who successfully file for bankruptcy will be facing a new life after the process has been completed. Adams Law Group can help direct you on the right moves to make moving forward and the best way to maintain your fresh financial start.
Getting Started
Bankruptcy is a complex process and getting started is not always easy. With the help of an attorney at Adams Law Group, the process can be made much more simple. Getting started will be much easier under the direction of one of our experienced professionals who can assist you from beginning to end.
Free Credit Report
The Fair and Accurate Transactions Act declares that every American has the right to a free credit report once a year. You can request your free report via phone or email, however, the process will take upward of 15 days to complete and be received. You can also access the website we've included on our site to view and print a free credit report right from your home.
Bankruptcy Worksheet
Individuals who wish to gain a leg-up in the complicated bankruptcy process can do so by downloading and completing the worksheet we've provided on our site. By filling out all of the information asked on this worksheet, you will be ensuring that your first meeting with us is as productive as possible. The information you provide on this worksheet reflects the information you are required to provide to the court when you file.
Documents Needed
Filing for bankruptcy can be complicated. You will be asked many personal questions and you will be required to provide a number of important documents. Preparing yourself beforehand is the best way to ensure that you are successful in your efforts to file for bankruptcy. To help make the process easier, we provide an extensive list of the additional documents you will need before you can officially petition a case for bankruptcy.
Taxes
In the state of Missouri, income tax debts can be discharged through bankruptcy. To do so requires that debtors meet all three of the requirements expected of them. These requirements are outlined on our Taxes page.
Bankruptcy Blog
Firm News and Updates
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Attorney Jack J. Adams Earns 10.0 Superb Rating from Avvo
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Attorneys Doney & Adams Elected Leaders in J. Reuben Clark Law Society, St. Louis Chapter
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Will My Family and My Boss Know I Filed Bankruptcy?
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Do I Have to Include All My Debts in My Bankruptcy?
