Bankruptcy

Chapter 13 Bankruptcy

If you find yourself falling behind on a secured debt payment, such as a mortgage or car loan, a Chapter 13 bankruptcy may help you catch back up.

Additionally, Chapter 13 can help those debtors who have the income to pay off their debts, but need a more structured way to do so. Chapter 13 bankruptcy may be a good alternative to Chapter 7 for those individuals and families that do not qualify for a Chapter 7 due to the means test, or may have property that is not exempt.


What is a Chapter 13 Bankruptcy?

Chapter 13 Bankruptcy is for those debtors that have a steady income and are able to pay back their debts. This is helpful when the debt is unmanageable due to interest, late fees, or other reasons. Chapter 13 allows the debtor to create a plan approved by the court to repay the debts. This can end late fees, interests, threats of lawsuits, and other collection tactics. This plan will last 3-5 years. At the end of the approved plan, some debts that were not completely paid off may be discharged. This discharge means the debtor does not have a legal obligation to pay back the debt.

Why File a Chapter 13 Bankruptcy?

One of the major reasons to file a Chapter 13 is to catch up on secured debt. This is debt that is secured to property as collateral such as a car loan or mortgage on a house. This is helpful when a debtor is behind on a mortgage and facing foreclosure. A Chapter 13 bankruptcy may be the best was to stop the foreclosure, pay off the arrearages, and stay in the home. The same advantages may help you pay off a vehicle that is behind by a few payments.

Also, some debtors may not qualify for a Chapter 7 bankruptcy but still need help. Most consumer debtors qualify for a Chapter 13 bankruptcy.

Professional Achievement

Selected by Super Lawyers in 2016 - Charles Lampin

Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high-degree of peer recognition and professional achievement.

Professional Achievement

Charles Lampin

Demonstrating High Ethical Standards and Integrity- An AV rating ® signifies a lawyer who has achieved an elite status that far surpasses many others.

Professional Association

Michael Boyd and Ross Buehler

MACDL is dedicated to protecting the rights of criminally accused through a strong and cohesive criminal defense bar. They strive to improve the quality of justice in Missouri by seeking to ensure fairness and equality before the law.

Professional Association

Ross Buehler

As a member of NACDL, Ross Buehler and our entire criminal defense team work to ensure justice and due process to those accused of crimes or misconduct.

Professional Achievement

Michael Boyd

The National Trial Lawyers: Top 40 under 40 is composed of the top trial lawyers from each state or region who are under the age of 40. Membership is by invitation only and is extended exclusively to those trial lawyers practicing civil plaintiff and/or criminal defense law.

Professional Achievement

Charles Lampin

By invitation only, those included in the Top 100 trial Lawyers by The National Trial Lawyers demonstrate superior legal advocacy skills, have a stellar reputation, and have a positive impact on their community.

National Asbestos/Mesothelioma

Trial Lawyers

The National Asbestos/Mesothelioma Trial Lawyers Association is a networked group of attorneys representing patients who were made sick through no fault of their own. The goal is to enable members to draw upon the specialty association’s strong training, educational and networking resources so they may have benefits that were either unavailable or difficult to find on their own.

Professional Achievement

Michael Boyd

Recognizes attorneys for their excellence in their field and have achieved unparalleled success for the benefit of their client. Membership is an exclusive honor and extended only to those selected few who have reached the top of their profession while doing so with the client’s satisfaction being of the most paramount importance.

Professional Association

Charles Lampin

The mission of the American Association for Justice is to promote a fair and effective justice system—and to support the work of attorneys in their efforts to ensure that any person who is injured by the misconduct or negligence of others can obtain justice in America’s courtrooms, even when taking on the most powerful interests.

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