When a person owes a substantial amount of debts, debt collections in St. Charles, MO can become stressful. Debt collectors will do all they possibly can to pursue a person who owes them. This means they will make harassing phone calls, send letters, garnish wages and take people to court. Fortunately, there is help for those who are dealing with debt collection. Getting a lawyer involved can make a big difference in helping a person protect their rights.
Though these companies have the legal right to pursue a person for what is owed, the person who owes also holds certain rights. People cannot be harassed on their jobs if they ask not be contacted. If a person is being harassed on their job, a lawyer can stop this from happening.
A lawyer will sit down with a client and go over all of the debts they owe. Looking at financial records can assist the lawyer in making a decision on what needs to be done so relief can be found.
The first aspect will be contacting the collectors. If no satisfactory arrangements can be made, the lawyer can offer options for overcoming debt collections in St. Charles, MO. Through bankruptcy, a person will be able to overcome their debt and experience less stress.
There are two types of bankruptcy that can be beneficial for debtors. The first is for those who have secured debts. Chapter 13 can help a person avoid foreclosure and repossession. This type of bankruptcy requires a person to work to pay down their debts through a court-ordered monthly payment. The person is given two to five years to pay off their debt.
There is also an option that is favorable for those with mostly unsecured debt. Chapter 7 allows a person to have some of their assets sold for debt payment. In many cases, there are no qualifying assets, so debts are absolved by a court-appointed trustee. This type of bankruptcy can be settled in less than six months.
Those dealing with debt collections in St. Charles, MO can find relief by contacting Van Dillen & Flood P.C. Call today and schedule an appointment so you can learn more about your options for overcoming your debt. Visit Website.com for more details.
