Bankruptcy and Collections Lawyers in St. Louis, Missouri
Chapter 7 · Chapter 11 · Chapter 9 · Chapter 13 · Collections
Over Three Decades of Experience on Your Side
At the Karfeld Law Firm, P.C., our attorneys have over 35 years of experience representing businesses and individuals in collections and bankruptcy matters, including Chapter 7, Chapter 11 and Chapter 13 proceedings. Whether you hire us to help you stop foreclosure through bankruptcy or recover money owed to you, you can take confidence knowing that you will always work directly with a lawyer, not a paralegal or secretary.
We will take the time to make certain we understand all of your objectives, so that we can anticipate roadblocks, present options, explain the pros and cons of each, and recommend solutions tailored to your individual situation. Contact our office to schedule a confidential consultation.
We represent both debtors and creditors in Chapter 7 bankruptcy cases. Chapter 7 offers debtors relief through liquidation of assets to pay off certain debt and discharge of the remaining debt.
Chapter 7 is often times called the "fresh start" bankruptcy, as you may be able to have debts discharged in order to regain control of your financial situation.
If you are a debtor, we will work closely with you to assess your situation and determine whether you meet income eligibility requirements. If you meet these requirements, we will file all the necessary paperwork to initiate the bankruptcy process. We will make certain that any exempt assets are excluded from sale and that you understand which debts can be discharged. We represent you at all court hearings and in meetings of creditors.
For creditors, we help you prepare and file your proof of claim, communicate with the trustee, and represent you in any litigation arising out of the proceeding, including actions by the trustee to recover funds as preferential payments.
Chapter 11 and Chapter 13 Bankruptcy
Our attorneys work with debtors and creditors in reorganization proceedings under Chapter 11 and Chapter 13 of the Bankruptcy Code. We prepare and file all necessary documents, from the petition to proofs of claim. We review proposed reorganization plans for debtors or creditors, ensuring that the plan is in your best interests.
Chapter 9 Bankruptcy
We work with municipalities and governmental entities, such as cities, towns and villages, to put together reorganization plans to repay creditors and alleviate financial stress.
We handle all matters involved in efforts to collect unpaid commercial obligations, from demand letters to litigation and post-judgment efforts to enforce and collect payments.
Filing for Bankruptcy With or Without a Spouse
Many individuals inquire whether they are required to file for bankruptcy with their spouse. It is important to note that you are not required to file with your spouse, though it may be beneficial to do so. When determining if you should file for bankruptcy with or without your spouse, we evaluate each case on an individual basis to determine the course of action that best suits your needs.
Impact of Bankruptcy on Your Credit
Though filing for bankruptcy will affect your credit and stay on your credit report for 10 years, it can be the best way in which to begin repairing your credit. By not taking any action to begin regaining control of your financial situation, your credit score may just continue to get worse. Through a bankruptcy, you can stop the lowering of your credit score and begin to help it climb back up.
For a confidential consultation with experienced bankruptcy and collections attorneys, contact us or call us at 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
