Bankruptcy

Chapter 7 Bankruptcy

Facing debts you can’t manage? Looking for a fresh start financially? Is debt consolidation not working for you? Chapter 7 may be the answer you are looking for.

Filing a Chapter 7 bankruptcy with an experienced and qualified bankruptcy attorney can help you to finally, legally, tackle your debt problem. Our attorneys can help you get out from under credit card bills, medical bills, certain tax obligations, and many other debts. Chapter 7 can help with more immediate issues as well. You can use it to stop a foreclosure sale, stop garnishments, and most importantly, stop the harassing phone calls.


What is a Chapter 7 Bankruptcy

Chapter 7 bankruptcy is a “liquidation” bankruptcy. A better term for it is a “Fresh Start”. The goal of a Chapter 7 bankruptcy is to help debtors legally discharge the debts they cannot pay. The discharge means that there is no legal obligation to pay back those debts. This gives a financial fresh start to those hit by a job loss, divorce, or other emergency. Unlike a Chapter 13 bankruptcy, a Chapter 7 does not require a debtor to make payments to the creditors. Instead, non-exempt property is taken to pay off the debts. But, in most cases, all the property of a debtor is exempt from being taken.

Who Qualifies For a Chapter 7 Bankruptcy

Many people who think they do not qualify for a Chapter 7 bankruptcy are surprised to find out that they do. First, there is no minimum amount of debt that an individual needs to have to file bankruptcy. While there may be alternative ways to handle smaller debts, there is no specific amount that has to be owed. What does determine the qualifications for filing bankruptcy is the Means Test. This is a test of the debtor’s income level to determine if they qualify. The income is compared to the median income for the family size in the area. If a debtor meets this means test, then they are eligible to file a Chapter 7 bankruptcy.

When looking at filing a Chapter 7 bankruptcy, you should always seek the counsel of an experienced and qualified bankruptcy attorney. There are many consequences to filing a chapter 7 bankruptcy that must be looked at. Will you lose any property? Will some of your debts not be discharged? Is there a cheaper and better alternative to bankruptcy? Our attorneys will sit down with you and review all of these questions to make sure filing a bankruptcy is the right thing for you.

Professional Achievement

Selected by Super Lawyers in 2016 - Charles Lampin

Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high-degree of peer recognition and professional achievement.

Professional Achievement

Charles Lampin

Demonstrating High Ethical Standards and Integrity- An AV rating ® signifies a lawyer who has achieved an elite status that far surpasses many others.

Professional Association

Michael Boyd and Ross Buehler

MACDL is dedicated to protecting the rights of criminally accused through a strong and cohesive criminal defense bar. They strive to improve the quality of justice in Missouri by seeking to ensure fairness and equality before the law.

Professional Association

Ross Buehler

As a member of NACDL, Ross Buehler and our entire criminal defense team work to ensure justice and due process to those accused of crimes or misconduct.

Professional Achievement

Michael Boyd

The National Trial Lawyers: Top 40 under 40 is composed of the top trial lawyers from each state or region who are under the age of 40. Membership is by invitation only and is extended exclusively to those trial lawyers practicing civil plaintiff and/or criminal defense law.

Professional Achievement

Charles Lampin

By invitation only, those included in the Top 100 trial Lawyers by The National Trial Lawyers demonstrate superior legal advocacy skills, have a stellar reputation, and have a positive impact on their community.

National Asbestos/Mesothelioma

Trial Lawyers

The National Asbestos/Mesothelioma Trial Lawyers Association is a networked group of attorneys representing patients who were made sick through no fault of their own. The goal is to enable members to draw upon the specialty association’s strong training, educational and networking resources so they may have benefits that were either unavailable or difficult to find on their own.

Professional Achievement

Michael Boyd

Recognizes attorneys for their excellence in their field and have achieved unparalleled success for the benefit of their client. Membership is an exclusive honor and extended only to those selected few who have reached the top of their profession while doing so with the client’s satisfaction being of the most paramount importance.

Professional Association

Charles Lampin

The mission of the American Association for Justice is to promote a fair and effective justice system—and to support the work of attorneys in their efforts to ensure that any person who is injured by the misconduct or negligence of others can obtain justice in America’s courtrooms, even when taking on the most powerful interests.

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Main Location

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