Work With An Experienced Chapter 7 Bankruptcy Attorney
If you are overwhelmed with bills and debt with no hope of recovering, a Chapter 7 bankruptcy may be a good option to have those debts forgiven and allow you to rebuild your financial foundation.
However, filing for bankruptcy can be a complicated matter. An experienced bankruptcy attorney can lead you through the federal bankruptcy process and help you understand which assets you will have to forfeit and which assets you will be able to keep.
As principal attorney at Steele Law Offices, LLC, in Glen Carbon, Illinois, I have successfully guided many clients through the Chapter 7 bankruptcy process. I begin by evaluating your overall financial situation and determining if filing for Chapter 7 bankruptcy is the best solution.
I am Randall P. Steele. I have provided legal representation for individuals in bankruptcy law and other areas for more than 20 years. I have established a strong reputation among the bankruptcy judges and trustees who serve in bankruptcy courts for Madison County and surrounding counties. My credibility with these key figures benefits my clients in numerous ways.
Individuals must qualify for Chapter 7 bankruptcy by passing a “means test.” This is an analysis of your monthly income and/or disposable income in relation to Missouri’s median income.
Chapter 7 bankruptcy is meant for individuals and small businesses that do not have enough assets and income to pay off their debts. If your income is too high, or if you have too much disposable income, we will help you develop an alternative solution.
Much of your debt can be forgiven in a Chapter 7 filing, although child support, student loans and recently incurred tax debt are generally not discharged. Debts that can be discharged under Chapter 7 include:
- Credit card debt
- Hospital bills and other medical debt
- Secured loans for cars, trucks, boats
- Mortgage debt on any property you do not plan to keep
- Personal loans
- Payday loans
- Tax debt in certain cases
Get An Experienced Bankruptcy Lawyer On Your Side
If you are worried about losing your assets or you are facing foreclosure, repossession or wage garnishment, hiring a bankruptcy lawyer and filing for bankruptcy will immediately stop all collections activities.
Call me, Randall Steele at 618-288-9591 to get answers to your most pressing questions. Or you can email me to schedule an appointment. I will provide you details on the records you need to bring in to provide a thorough assessment of your financial situation.
I am a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.