Law Offices of Steven K. Brown
Attorney At Law
Bankruptcy Law

Bankruptcy Law

There are two types of bankruptcy which are primarily designed for consumer debtors, Chapter 7 and Chapter 13.

Chapter 7 is designed for debtors in financial difficulty who do not have the ability to pay their existing debts. Under a Chapter 7, the trustee liquidates a debtor?s assets to pay creditors. You may be able to retain your property if the property can be exempted.

The purpose of Chapter 7 is to obtain a "discharge" of your existing debts, relieving you of your obligation to repay certain creditors. However, some tax debt, student loans, alimony and support, criminal restitution, and debts for death or personal injury caused by driving while intoxicated are not dischargeable.

Chapter 13 is designed for individuals with regular income who are temporarily unable to pay their debts but would like to pay them in installments over a period of time. Under Chapter 13 you must file a plan with the court to repay all or part of your debts using future earnings. Under Chapter 13 you may keep all you r property both exempt and non-exempt, as long as you continue to make your payments under your plan.
Please contact us for a free no obligation intake questionnaire which will allow us to better advise you as to the Chapter which best addresses your individual situation.

Click here to download our free, confidential bankruptcy questionnaire. Please fill it out and fax or e-mail back to us.

Disclaimer

Missouri Supreme Court Rules do not permit us to advertise that we specialize in any particular field or area of law. The areas of law mentioned in this site are our areas of interest and generally the types of cases in which we are involved and is not intended in any way to suggest specialization in any areas of law which are listed.

This site is not intended to provide legal advice and no one should rely on the general information provided. Also, this page is not intended to be a direct solicitation for services and does not create an attorney-client relationship. Please keep this in mind when sending us e-mail.

1221 Locust Street, Suite 500
St. Louis, Missouri 63103

Telephone: 314-421-2011
Fax: 314-421-6470
This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.