Wentzville Bankruptcy Lawyer
Move Towards a Brighter Financial Future
When you or your family fall behind on payments or bills, it is easy for a downward cycle to begin. Falling into debt is easy to do, and many people do not realize that they are in over their heads until it is too late. Whether you are dealing with credit card debt, bank overdraft fees, car loans, or mortgages, it is important to address your debt and find a solution for moving forward. With the help of a Wentzville bankruptcy attorney, you can find out about your legal rights and options under state and federal law. Here at Adams Law Group, we provide every client with the personalized, focused help they need during their time of need.
For more than 35 years, our Wentzville bankruptcy lawyers have been guiding individuals and families through the bankruptcy process and to the financial freedom they need. We devote extensive time and effort to understand your situation fully and to suggest the best course of action for you, whether it be bankruptcy or another bankruptcy alternative.
About Wentzville, MO
The city of Wentzville is located in the middle of America's Heartland less than an hour's drive from St. Louis. Since its establishment in 1982, Wentzville has grown from a small town of only 5,000 in 1990 to a dynamic and robust city of 29,070 as of 2010. Businesses and residents alike come to Wentzville to take part in the city's hometown charm and friendliness. In 2008, Wentzville was named Missouri's Boomtown, and it was reported to be the fastest growing city in the state of Missouri in 2010 with a population increase of 332%.
According to information from the State of the City Address in 2013, 398 new housing units and 620 business licenses were issued in 2012. Out of the city's population, approximately 83% are White alone and 12% are Black or African American alone. On average, the overall cost of living in Wentzville is cheaper than the United States and Missouri average. Despite these numbers, there are many people who still struggle to get by. When individuals or families fall into debt, the road to a full financial recovery can seem impossible. That is why Adams Law Group was founded. We aim to provide each and every client with compassionate help and legal guidance throughout the bankruptcy process.
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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?
A member of our team will be in touch shortly to confirm your contact details or address questions you may have.
Chapter 7 Bankruptcy vs. Chapter 13 Bankruptcy
One of the most important decisions in the bankruptcy process involves deciding whether to file for Chapter 7 or Chapter 13. These are the two most common types of bankruptcy and they differ in their requirements and outcomes. Chapter 7 bankruptcy, also known as consumer bankruptcy, allows individuals to eliminate most of their unsecured debts. You may elect to remain personally liable for paying specific debts, but you are not required to pay any of the unsecured debts that you owe to creditors. Chapter 7 cases are usually resolved approximately 4 months after they are filed.
Chapter 13 bankruptcy, on the other hand, does not involve liquidation. In a Chapter 13 case, the debtor is allowed to keep all property regardless of whether it is exempt or not, so long as the Chapter 13 plan complies with the law. Debtors will come up with a payment plan that "reorganizes" their debt into monthly payments over the course of 3-5 years. A Chapter 13 plan must meet several requirements before it will be confirmed by a bankruptcy court, and a knowledgeable bankruptcy lawyer at our firm can help you prepare this plan.
Some debtors do not qualify for Chapter 7 bankruptcy because they cannot pass the means test, and in these cases Chapter 13 is often a good option. Chapter 13 is also a great option for those who are looking for foreclosure defense. By contacting a legal professional from the outset, you can be sure that you are choosing the right type of debt relief for your situation. Our Wentzville bankruptcy lawyers will work closely with you to help you understand the distinctions between these two types of bankruptcy and how each type will uniquely benefit you.
Call a Wentzville bankruptcy attorney today!
Ultimately, the power to take control of your financial future lies with you. We encourage you to pick up the phone and call our office today to schedule a free consultation. Knowing where to start is often the hardest part, but you can make the process much easier and simpler when you enlist the help of an experienced and committed professional. Our Wentzville bankruptcy attorneys will answer your questions about life after bankruptcy, the documents needed to file for bankruptcy, and more.
Bankruptcy & taxes often go hand in hand, and you deserve a lawyer who knows how to guide you through all of the legal steps involved with filing for bankruptcy. We provide bankruptcy worksheets, tips for getting started, and personalized counsel that addresses your needs and concerns. Each bankruptcy attorney at Adams Law Group brings a unique set of skills and legal experience to the table, and we use our extensive backgrounds in bankruptcy law to benefit each of our clients. When you need experienced representation that focuses on getting the job done right the first time, contact our firm and schedule a consultation.
We offer you a free case evaluation to determine if you qualify for bankruptcy and to dispel any myths you may have about bankruptcy and debt relief. Call now!
Bankruptcy Resources
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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?
