A Chapter 13 Bankruptcy, also known as “wage-earners” plan, is a restructuring of debt. Certain debts must be repaid in full, while other debts may be settled for pennies on the dollar.
Read MoreGet the Christmas gift you really wanted: Immediate Debt Relief. At The Law Office of Andrew Magdy, we can take away all that stress, decrease your worries with a simple free consultation, and help you get back on track fast with a relatively cheap bankruptcy.
Read MoreFiling for bankruptcy can be a difficult decision. We offer free consultations and guide you through every step of the process! Get in touch today.
Read MoreIf you’re stuck with a sub-prime auto loan and constantly struggling to make your payment Chapter 13 bankruptcy might offer you the relief you’re looking for.
Read MoreSome firms have opted to guide every debtor into a Chapter 13. The good news is the client receives bankruptcy protection as soon as their case is filed. The bad news? They can end up paying $4,000.00 in attorney fees! The flat fee authorized by the Eastern District of Missouri Bankruptcy Court is $4,000.00 per Chapter 13 case. If you choose one of these bargain-price firms to handle your bankruptcy, you may end up paying four or five times as much as you would have paid for a Chapter 7.
Read MoreIf your case is dismissed, can it be reinstated? Yes, but you must become current with 14 days of the dismissal. Your attorney will also need to file a motion with the Court asking that the case be reinstated. If another payment has become due since dismissal, this payment will also need to be made.
Read MoreNearly every client, whether they are filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy, asks whether they will ever be able to get credit again. My answer is always yes, you will be able to get credit again.
Read More11 U.S.C. § 1328(b) allows Debtors to receive a Hardship Discharge to stop your repayment plan early and still received a Chapter 13 Bankruptcy Discharge. There are three requirements that must be bet to receive a Hardship Discharge.
Read MoreEvery case is unique and if you are contemplating filing bankruptcy you should meet with an experienced bankruptcy attorney to determine what is in your best interest.
Read MoreTo some people, $10,000.00 of debt might not seem like a lot. But if you are struggling to make ends meet, and don’t have any money left after paying for your essentials, then you’ll never be able pay off $10,000.00. What makes it even worse is that the creditors may be able to sue you and garnish your wages. If you were having problems before, even a small garnishment could result in you being unable to pay your rent/mortgage, or car payments. If you don’t have anywhere to stay or don’t have a car to get it to work things can get worse very quickly. In this situation, it would make a lot of sense to file bankruptcy and get rid of the debt.
Read More