St. Louis Chapter 13 Lawyer: How Long will my Chapter 13 Last?

A common question that clients have for their St. Louis Chapter 13 Lawyer is, how long will my Chapter 13 repayment period last? The answer depends on your monthly income and your ability to repay your debt. In general, these bankruptcies last between 3-5 years. Depending your circumstances, it may be preferable to complete the bankruptcy as quickly as possible while others may find the additional time helpful. Your attorney will sit down and explain the benefits of each and help you find the right repayment plan for you. This way, you can get your debt in order while still keeping valuable assets.

Determining Your Repayment Plan with a St. Louis Chapter 13 Lawyer

One of the biggest factors in determining the length of your repayment period will be how far your behind on your mortgage and other payments. Some filers find that 36 months is not long enough to catch up on these payments, making 60 months preferable. A St. Louis Chapter 13 Lawyer will examine how far behind you are on your debts and recommend the best course of action.

This is important because if a person cannot meet their monthly obligation, the plan could be converted to a Chapter 7 or thrown out altogether. This could make your assets subject to liquidation or seizure by your creditors. By finding a repayment plan that is feasible for you, you can be sure you will make your monthly Chapter 13 payment and keep your home, car, and other assets.

At Westbrook Law Group, we will work to find the best option for you and your bankruptcy. We will work to develop a repayment plan that is reasonable for you and allows you to catch up on past due bills while getting you debt in order. To speak with a St. Louis Chapter 13 Lawyer, contact Westbrook Law Group today for a free consultation.

Deep in debt? Contact a St. Louis Chapter 13 Lawyer

Call Westbrook Law Group today at (636) 493-9231

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