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Chapter 13

There are other alternatives to straight bankruptcy.  Instead of a Chapter 7, let me tell you about Chapter 13, also known as reorganization or bill consolidation.  People who are usually not suited for this form of reorganization of their debts are current on their credit card accounts and they have a positive monthly cash flow, which means a little money left over each month.  These people, if something unusual or an emergency came up, they should check with their bank or credit union first.  Chapter 13 could be an option for the future if things got worse. 
However, if you are behind and feel like you are slowly sinking deeper into debt, this is an excellent opportunity for you to reorganize all of your bills into one low monthly payment.  I’m NOT talking about a loan.  Let me repeat that what I’m telling you about is a federal law, not a loan, which REQUIRES your creditors to take less money monthly over a longer period of time.  It is a POWERFUL law because it carries the weight of the U.S. Federal Government behind it.  Large corporations, banks, finance companies, credit card companies, skip tracers, repo-men and collectors all realize that under this form of debt reorganization you have the protection of the Federal Government and most scare tactics stop quickly. 
When you start this process, on your very first day, all of your bill collectors can be referred by you to Castle Law Office.  We then handle all threatening telephone calls and letters for you from your creditors from that day forward.  Most importantly for you, that means you will have peace of mind.  It also does a lot more.  It STOPS foreclosures.   It STOPS wage garnishments.  It STOPS the repossession of autos, trucks, RV’s and motorcycles.  It STOPS nasty calls.  It STOPS late charges, interest and penalties on credit card accounts, taxes and other loans.  It STOPS harassment for back child support. Would you like to pay back your student loans over the next three to five years?  Well, you can.  Chapter 13 contains the power to change your life.  You can lump almost every bill you have into one low monthly payment and a majority of the time, creditors are POWERLESS to do anything about it; they MUST accept your payback plan whether they like it or not.

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Blog for Chapter 13

• Can You Surrender a Home in a Chapter 13 in Missouri or Illinois?
• Are There Different Consequences for Foreclosure in Illinois than in Missouri?
• The Best Method for Weighing Your Options When Looking for Protection from Foreclosure
• Paying Your Credit Card Before Your Mortgage? You May Need Missouri or Illinois Bankruptcy Faster Than You Think
• 3 Actions to Take if the Repo Man is After Your Car in Missouri or Illinois
• “Strategic Foreclosures” May Be Putting Missouri and Illinois Homeowners into Unknown Territory
• Getting Car Loans with a Foreclosure on Your Credit in St. Louis, Missouri
• Why Wouldn’t You Want Protection from Foreclosure in Missouri and Illinois?
• Can Obama’s Plans for Change Really Help the Loan Modification Program?
• The Loan Modification Program Fails to Secure Protection from Foreclosure for Another Missouri Resident
• How Will the Foreclosure Rates in 2010 Compare to 2009?
• Beware of Foreclosure Protection Schemes if You Are In Debt in Missouri and Illinois
• Could a Family Bankruptcy Have Been the Key to Shakira’s Success?
• Bank of America, Chase follow Citigroup’s Christmas Spirit for Temporary Protection from Foreclosure
• Are you one of the 1,700 people that need protection from foreclosure this month?
• Could Bankruptcy Have Saved Nicholas Cage from Foreclosure?
• What’s the Most Important Thing to Do When You’re Facing Foreclosure?
• Are There Lawyers That Specialize in Foreclosure?
• Your Bank's Mistake May Be Your Gain
• Do You Have to Pay Back Your Mortgage After a Foreclosure?
• FDIC Shows Concern for Loan Modification Scams
• Is The Housing Crisis Over?
• A Foreclosure Can Affect More Than Just Your Credit Report.
• Loan Modification May Not Be the Way to Save Your Home Anymore
• Car Repossession: It Doesn't Have to Be a Desperate Situation
• Study: Many People Declare Bankruptcy To Save Their Homes
• Terms To Know: Foreclosure
• Loan Modification - Not Your Saving Grace

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Library for Chapter 13:

• What is the Foreclosure Process Like in Illinois? | Fairview Heights Illinois Bankruptcy Attorney   
  Description: You might find that the foreclosure process in Illinois is indeed a little different than in Missouri, which might be why you need to find a Fairview Heights or Belleville Illinois bankruptcy attorney or at least a St. Louis law firm who is experienced enough to know the difference.
• Protection from Foreclosure in Missouri and Illinois: Chapter 13 vs. Loan Modification   
  Description: If you need protection from foreclosure, you've got to learn about your options and pick one fast. But, which one is better. The battle of Chapter 13 vs. Loan Modification may have changed with the recent recession...
• Bankruptcy and Your Family: How Your Debt Could Be Affecting Your Loved Ones   
  Description: I know that getting protection from foreclosure, credit card debt help, and relief from harassing creditors eases our own fears as adults, but would could it be doing for the rest of your family? Don't underestimate the power that bankruptcy can have to help your family through the hard times.
• What Can We Do About the High National Foreclosure Rates Predicted for 2010?   
  Description: The national foreclosure rates predicted for 2010 aren't looking too good for most Missouri and Illinois homeowners. But, there are St. Louis, Missouri and Fairview Heights, Illinois bankruptcy attorneys prepared to help combat this growing problem.
• Are There Lawyers that Specialize in Repossession in St. Louis, Missouri and Illinois?   
  Description: How does a St. Louis repo lawyer help you stop repossession or get your car back in Missouri or Illinois? They use Chapter 13 bankruptcy to help you keep your car--and avoid the consequences of walking away from it after respossession.
• What You May Not Know about Letting Your Home Be Sold in Foreclosure in Missouri and Illinois   
  Description: If forgoe protection from foreclosure and allow your home to be sold, you could be facing a stickier situation than anticipated in Missouri and Illinois. You may still need to consider Missouri or Illinois Chapter 7 bankruptcy.
• Bank of America Forecloses on the Wrong Homes in Florida—and Maybe Elsewhere   
  Description: Several homeowners have accused Bank of America of wrongly foreclosing on their homes. How can you check to make sure that your home is not wrongly foreclosed on or foreclosed on without warning?
• Foreclosure Rescues – A Better Mortgage Modification Plan?   
  Description: The US Treasury Department has announced changes to the current federal mortgage modification program, which has been widely criticized in the last year. The changes will simplify the process for both applicants and banks, though it is not clear that it will help a larger number of people keep their homes.
• New Loan Modification Program Doesn’t Deliver for Missouri and Illinois Homeowners   
  Description: Foreclosure results for 2009 and foreclosure predictions for 2010 are not looking good--and loan modification may not be there to save anyone. It seems that the government plan for loan modification didn't deliver the results it had promised.
• When Do You Have to Leave after a Missouri or Illinois Foreclosure?   
  Description: There isn't a code that every lender must follow when they are telling you to leave your home. It is truly up to their discretion--unless, that is, you get more information about Chapter 13 bankruptcy in Missouri and Illinois. With this time of bankruptcy, the answer to the question, "When do I have to leave?" could be "Never."

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Frequent Questions for Chapter 13:

• Can I refinance our home mortgage during bankruptcy?
  
  

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