Experienced Representation in Chapter 7 Proceedings for Debtors, Creditors and Trustees
If you are contemplating filing for protection under Chapter 7, if you are a creditor involved in a Chapter 7 proceeding, or if you are a trustee seeking guidance, turn to an experienced lawyer, one who is familiar with the bankruptcy law and who will know how to best protect your interests.
At the Karfeld Law Firm, P.C., we have extensive experience representing debtors, creditors and trustees throughout the greater St. Louis area in Chapter 7 bankruptcy proceedings. Attorney Ed Karfeld served as a Chapter 7 bankruptcy trustee for nine years and has represented debtors and creditors in Chapter 7 proceedings for over 35 years. Our firm has a comprehensive understanding of the law and the process governing the liquidation of assets and discharge of debts under Chapter 7. Contact our office to schedule a confidential consultation.
Debt Relief Under Chapter 7 of the Bankruptcy Code
In a Chapter 7 bankruptcy proceeding, the debtor can discharge certain debts in exchange for full disclosure and, in some instances, the sale or liquidation of specific assets. The process typically takes about 90 days.
Under 2005 changes to the federal bankruptcy law, individuals seeking to file under Chapter 7 must meet certain income eligibility requirements or pass a means test. If you are unable to pass the means test, bankruptcy under Chapter 13 may still be an option for you.
Chapter 7 Debtors
If you are a debtor with a significant amount of unsecured debt, such as credit card or medical bills, or if you have assets you are willing to liquidate in exchange for discharge of your debt, Chapter 7 may offer you the debt relief you need. When you come to us, we will work closely with you to analyze your financial situation and help you determine whether you meet the requirements of the means test.
We understand you are feeling overwhelmed and stressed, and we are committed to helping you find the right solution for your circumstances. When you hire us to represent you, the protections of the federal bankruptcy law go into effect immediately: All collections activity must stop, including harassing creditor calls, letters, garnishments and lawsuits.
If you qualify for Chapter 7 protection, we will make certain that you understand which debts, such as child support arrearages, student loans, and certain tax obligations, cannot be discharged. We will also make certain that any exempt assets are excluded from the bankruptcy estate and not be subject to liquidation. We will attend all court sessions on your behalf, represent you at any meetings of creditors, contest repossessions when appropriate, and advise you regarding how to rebuild your credit.
Chapter 7 Creditors
We represent credit unions, banks, credit card companies and trade vendors involved in Chapter 7 bankruptcy proceedings. If you are a creditor, you can count on us to be there at every step to make sure you understand the process and protect your best interests. We will:
- Help you prepare and file a proof of claim
- Communicate on your behalf with the Chapter 7 trustee
- Attack a petition
- Object to discharge
- Represent you in all litigation related to a Chapter 7 filing, including cases where the trustee files a lawsuit to recover a preferential transfer
Chapter 7 Trustees
Attorney Ed Karfeld has nine years of experience as a bankruptcy trustee in Chapter 7 and 13 bankruptcy cases and has represented bankruptcy trustees for more than 30 years. With this extensive background, he offers knowledgeable guidance on your duties and the process. A seasoned advocate, he is prepared to advocate your interests during all stages of bankruptcy litigation involving recovery of assets and voidable transfers.
For a confidential consultation with an experienced Chapter 7 bankruptcy lawyer, 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
