Chapter 7

Expert Missouri Bankruptcy Attorneys

Providing our Clients a Fresh Start through Chapter 7 Bankruptcy

If you have visited this website, you are probably considering whether bankruptcy is right for you. Bankruptcy is designed to give individuals who have gotten “in over their heads” financially a way out that is fair to everyone involved. Often, people who have gotten into financial trouble just need a fresh start, which is exactly what bankruptcy provides. The Westbrook Law Group focuses exclusively on bankruptcy law and has the expertise and background to effectively evaluate your case and determine what type of bankruptcy, if any, would be most beneficial to you.

Chapter 7 Bankruptcy Basics

Chapter 7 bankruptcies are also referred to as “liquidation” bankruptcies because in Chapter 7 a debtors non-exempt property is liquidated for cash, which is then distributed among the any creditors who may have a claim. After the liquidation, most debts, both secured and unsecured, are discharged.  Some of the types of debt that can be discharged in a Chapter 7 bankruptcy proceeding are:

  • Credit card bills
  • Payday loans
  • Medical debt
  • Bank levies
  • Back taxes (generally if more than 3 years old and filed on time)
  • Judgments
  • Judgment liens

The Automatic Stay: an Immediate Benefit

The most instantaneous benefit that people who file for bankruptcy enjoy is known as the “automatic stay.” The automatic stay in an injunction that occurs the moment that bankruptcy is filed that prevents creditors from trying to collect on the debt. The types of conduct that the stay prohibits creditors from engaging in are:

  • Bringing suit to collect on a debt
  • Repossessions or foreclosure
  • Actions to create or enforce a lien
  • garnishment
  • Set-off of debt
  • Bank levy

Call an experienced St. Louis bankruptcy today for a free consultation

The Westbrook law group is here to help get you moving towards a brighter financial future. Our rates are reasonable and we will work with you to find a payment structure that meets your needs. We understand that our clients are facing financial difficulties and are flexible in our fees. Your initial consultation will be free of charge, and you will meet directly with an experienced bankruptcy attorney who will evaluate your case and let you know what course of action would be best for you. To schedule a free consultation, call us today at (636)-493-9231 or fill out our online contact form on the right  and a member of our staff will be in touch with you shortly.