Navigating Financial Struggles With the Help of a Chapter 13 Bankruptcy Lawyer

Life is a series of unpredictable events. Financial struggles can happen to anyone, and sometimes it becomes overwhelmingly difficult to get back on track. If you find yourself sinking under the weight of debt and financial responsibilities, you’re not alone. We at Teague & Associates understand that declaring bankruptcy is a big step, and it’s one that should not be taken lightly. That’s why you should consider consulting a Chapter 13 Bankruptcy Lawyer to help guide you through this complex process.

Are you looking for a Chapter 7 bankruptcy attorney that can help you choose the best options for your needs? Teague & Associates, LLC wants to work with you, so you understand all of the bankruptcy options available to you and how you benefit from each. If you wish to put a stop to garnishment or repossession, we work with you so that you can maintain stability. We know that bankruptcies are challenging to navigate for a variety of reasons, and we’re here to help you create opportunities for you to get back on your feet. There are several reasons that debtors prefer Chapter 7 bankruptcy when they can meet the requirements. Here are just a few things you can expect if you file for a Chapter 7 bankruptcy to discharge your debt: Get a fresh start. While Chapter 7 doesn’t cover all types of debt, like student loans, child support, alimony, or some taxes, getting a variety of debts discharged can help free you from a great deal of personal liability. Keep more money. The property you acquire after filing for bankruptcy is generally not included in the bankruptcy filing. Keep in mind, though, that specific properties that are received within six months of filing can become a part of the bankruptcy estate. This can include items like inherited property, property from a divorce settlement or decree, death benefits, or life insurance proceeds. No limits and no repayment plans. Chapter 7 bankruptcy does not have an upper limit on the amount of debt of filer can have, unlike Chapter 13 bankruptcy, where the debtor can be deemed ineligible if secured or unsecured debt exceeds certain limits. Discharged debt does not have to be repaid because they’re no longer responsible for payment. Better still, debt discharges can occur in as little as 90 days! When you need a Chapter 7 bankruptcy attorney that genuinely cares about getting you a fresh start, Teague & Associates, LLC is only a phone call away from providing you with excellent service. For more information about our bankruptcy services, or to schedule a consultation with our legal professionals, call our team today at (314) 899-4499 .

Facing financial difficulties is stressful, disheartening, and can often feel like an endless cycle of debt. At Teague & Associates, we understand how overwhelming it can be when your financial obligations seem impossible to meet. The anxiety over calls from creditors, looming debts, and the fear of losing your assets can be debilitating. As a Chapter 7 Bankruptcy Lawyer, we specialize in helping you find relief from your debt through the Chapter 7 bankruptcy process, enabling you to start anew.

Overwhelming debt takes a toll on your finances and your peace of mind. Declaring bankruptcy can help alleviate many of your troubles, but it also creates another set of essential conditions for you to consider. Navigating through bankruptcy on your own can be overwhelming, and you don’t want to make poor choices throughout the process unknowingly. The best plan is to hire a competent bankruptcy attorney who will offer valuable guidance on the best practices for the most stress-free journey through bankruptcy court. It is important to note that filing for bankruptcy does have far-reaching consequences. While eliminating your debts, you will also damage your credit and have the potential to lose some possessions. A bankruptcy attorney will aid you in having all of the information you need to make strategic choices for your situation. For example, you must get credit counseling before filing and verifying your income. Your lawyer will assist you in completing the necessary forms for the bankruptcy court. Bankruptcy is often filed as either Chapter 7 and Chapter 13. The type of bankruptcy you file depends upon your income and your assets. A Chapter 7 bankruptcy takes about 12 weeks to complete and remains on your credit report for ten years while filing for Chapter 13 lasts 3-5 years and stays on your credit record for seven years. The thing to remember is that while there are pros and cons to filing for bankruptcy, legal counsel can make the difficult situation much easier to navigate. Contact a bankruptcy lawyer at Teague & Associates, LLC, to learn more about your options for stopping judgement. Call us today at (314) 899-4499 to request a consultation and learn more about our available services.

If you live in Maryland Heights and you are filing for bankruptcy, the last thing you want is to deal with vehicle repossession on top of everything. Because debt puts your assets at risk, including any vehicles and homes, you want a reliable bankruptcy attorney to help with your case. Teague & Associates want you to know that we have the trusted attorneys you need to assist with this process.

Whenever a creditor uses wage garnishment to recover a debt, it can be challenging to cover your regular living expenses. Navigating this time in your life can be difficult, but rather than having someone take a percentage of your paycheck, you could stop garnishment with a bankruptcy lawyer. Teague & Associates is here to guide you through this process and go over whether or not bankruptcy is an option that works for your particular situation.

Are your financial problems getting worse instead of better? Have you done everything you can to resolve your money issues? If you have answered “yes” to these questions, it is time to get some help. Unfortunately, there are times when things happen to max out your budgets, like job loss, unanticipated medical expenses, or even a relationship change. These situations can quickly deplete your savings and cause you to get behind on payments. Your debtors can file a petition to have some money taken out of your wages each pay period to help pay the amount in arrears. If this fits your circumstances, take steps to stop garnishment with a bankruptcy attorney. You do have some options if your finances are uncontrolled. Talking with your creditors to work out a repayment schedule may be possible. If the debtor agrees, they can stop garnishing your paycheck. You can also challenge the garnishment in court and claim exemptions based on your financial state. There must be documentation that identifies your failure to pay for standard living expenses if your income is reduced. This often leads to a smaller garnishment. Social security, alimony, and retirement incomes are common exemptions. When debts are overwhelming for any reason, bankruptcy may genuinely be the best option. A bankruptcy attorney can offer guidance based on your circumstances. Stop garnishment with a bankruptcy attorney by contacting the knowledgeable legal team at Teague & Associates at (314) 899-4499 . We will happily arrange for you to sit and discuss your finances with one of our lawyers. Let us assist you with your debt problems.

It is never to late to begin filing bankruptcy on a judgment. That being said, you must know there can be consequences if you wait to file after you receive the judgment. If you are struggling with debt issues, it might be best to seek assistance from a qualified bankruptcy attorney to stop a judgment sooner than later.