ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7
Yes, you can. The reason why is because most business-related debts are personal guaranteed by an individual. If an individual personally guarantees a business debt, it is nothing more than an unsecured creditor / debtor relationship (and therefore subject to a full discharge by the Bankruptcy Court). A fuller description is provided below:
When you own a business, it is very often necessary that you take out lines of credit (either in the form of a loan or a credit card) so that you can operate at full capacity. Banks and lending institutions are usually willing to extend these lines, but for greater insurance, the lender will very frequently require that you personally guarantee the debt.
What does a personal guarantee mean? It basically means that if the business stops making payments towards the debt (or if the business dissolves), then you agree to be personally on the hook for the debt itself. In other words, if your company goes under, the bank can still come after you personally to make good on the loan and/or line of credit.
ONLY $300 UPFRONT ATTORNEY FEES FOR A ST LOUIS CHAPTER 13
But if you were to file a St Louis Chapter 7, that personally guaranteed debt is discharged (along with every other unsecured debt that you owe, such as personal credit cards, medical bills, payday loans, etc.). This is of course what the Bankruptcy Court describes as a “fresh start / clean slate”. It is a chance for you to pick yourself up, dust yourself off, and get a fresh start for the future!! It is a chance for you to regain our financial footing! And it is wonderful opportunity to reestablish your credit rating / score!!!
And all you need to do is get in touch with us!! This can be done with a simple phone call (or a text, or an email, or by filling out one of our online forms)! We will answer all your questions, thoroughly describe your rights and options, and help guide you through the entire bankruptcy process from start to finish!!!
The affordable St. Louis bankruptcy attorneys at Brinkman & Alter, LLC have been saving and protecting people’s assets for years. Our goal is to make sure that you keep the assets and property you want, discharge the debts that you want to get rid of, and do it all at an affordable cost to you. All phone conversations and office consultations are free of charge.