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Chapter 11 & 13 Bankruptcy
Bankruptcy Lawyers in St. Louis, MissouriRepresenting Creditors and Debtors in Chapter 11 and Chapter 13 FilingsAt the Karfeld Law Firm, P.C., in St. Louis, our attorneys have over three decades of experience representing both debtors and creditors in bankruptcy proceedings. Attorney Ed Karfeld served as a Chapter 13 bankruptcy trustee for nine years and has a comprehensive understanding of the law and the process governing debt reorganizations under Chapter 11 and Chapter 13. Contact our office to set up a confidential consultation to discuss whether a personal or business reorganization is the best strategy for meeting your debt relief needs. Chapter 11 and 13: Debt Reorganization in BankruptcyIf your income disqualifies you from Chapter 7 bankruptcy, you still have options. Under Chapter 13 (individuals) or Chapter 11 (businesses) of the Bankruptcy Code, debt is paid back through a structured repayment plan. Under both forms of reorganization, the debtor agrees to repay some or all of the debt or over a period of time. For a Chapter 13, that time period is up to 5 years. For a Chapter 11, the time period is negotiated by the parties. In both situations, the debtor submits a proposal for repayment that must be accepted by the creditors and approved by the bankruptcy court. Debtors in ReorganizationsIf you are behind on payments for your home, car or other significant assets, and are facing foreclosure or repossession, reorganization may be the right option for you. When you hire us to represent you, all collection activity will stop, including garnishments, repossessions, creditor calls and letters, and sheriff's levies of assets, as soon as your case is filed. We handle all matters related to the Chapter 11 or Chapter 13 filing for debtors, from the preparation and filing of a petition for protection under the bankruptcy laws to the review of proposed repayment plans. We negotiate workouts with creditors, which can include the return of assets as well as the sale of a business. If you are a business owner, Chapter 13 can help you maximize the value of your assets while minimizing your personal exposure to liability. Creditors in ReorganizationsFor creditors, we take care of all issues that arise, including
In addition, our depth of experience in bankruptcy allows us to provide knowledgeable counsel on the effect of additional factors, such as a debtor who receives compensation from other sources, on the amount of recovery to which you are entitled. We will help identify all available means that can be accessed to repay the debt. For a confidential consultation with an experienced Chapter 11 and Chapter 13 bankruptcy attorney, contact us or call 314-732-0748. Our office is open Monday through Friday, from 9 until 5, with evenings and weekends by appointment. We are located in downtown St. Louis, just four blocks from the Gateway Arch. We are a debt relief agency. We help individuals, businesses and government entities file for bankruptcy relief under the Bankruptcy code. Count on Our Experience to Work for You Karfeld Law Firm, P.C. At the Karfeld Law Firm, P.C., we represent clients throughout the greater St. Louis metropolitan area, including Chesterfield, Kirkwood, Clayton, Ladue, University City, Webster Groves, Bridgeton and Creve Coeur; and in St. Louis County, St. Charles County, Jefferson County, Franklin County and Warren County.The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Copyright © 2010 by Karfeld Law Firm, P.C. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. |  |             |