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A St. Charles, Missouri Consumer Guide to Bankruptcy

Bankruptcy is a federal court proceeding designed to provide individuals and businesses with a way to address debt. It gives debtors, the individuals who owe money, a way to get a fresh start.

There are several types of bankruptcy. They are named after the statutory titles of the U.S. Bankruptcy Code under which they are organized. The two major types of bankruptcy used by individuals are Chapter 7 and Chapter 13.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is also known as "liquidation" or "straight" bankruptcy. It is designed to provide a fresh start for businesses or individuals whose assets and income are insufficient to pay their debts. In a Chapter 7 bankruptcy you can get rid of unsecured debts such as credit card bills, medical bills and payday loans.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is available to individuals with a regular income. The debtor must set up a payment plan to repay creditors over a three to five year period. Chapter 13 bankruptcy stops foreclosures and repossession. At the completion of the payment period, the debtor receives a discharge of their debts.

Not all debt is covered by bankruptcy laws. Educational loans, alimony, child support, punitive fines and certain other debts may not be discharged even if you declare bankruptcy. A experienced bankruptcy lawyer can advise you on which of your debts are covered and whether filing bankruptcy is right for you.

When you contact A&L, Licker Law Firm, LLC, our attorneys will determine which form of bankruptcy, Chapter 7 or Chapter 13, will work best in your situation.

We will handle the entire bankruptcy process for you. We will prepare and file the bankruptcy petition and other required forms. We will represent you at the creditors meeting and attend all hearings. We are here for you.

If you need help in hurry, contact Licker Law Firm. Filing bankruptcy proceedings prohibits continued collection. This can protect you from foreclosure or repossession. Don't wait until the last minute. The sooner you file, the more options you have.

If you have questions, request our FREE book: Everything You Need To Know About Bankruptcy. The book explains the bankruptcy process and how bankruptcy can help you get a fresh start.

For Current Clients

Our Locations

St. Charles Office

1861 Sherman Drive
St Charles, MO 63303
Phone: 636-916-5400

At Hwy 94 and Hwy 70.

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St. Louis Office

3470 Hampton Ave, Suite 101
St. Louis, MO 63109
Phone: 314-353-0834

Close to the corner of Hampton Ave and Chippewa. By appointment only.

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South & Jefferson County office

7321 S. Lindbergh Ave., Suite 222
St. Louis, MO 63125
Phone: 636-916-5400

Across the South County Mall.

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Florissant Office (North County)

1281 Graham Rd, Suite 300
Florissant, MO 63031
Phone: 314-921-1880

At North Hanley and Hwy 270.

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Belleville Office (St. Clair county)

2 Park Place Professional Centre
Belleville, Illinois 62226
Phone: 618-977-9560

On Hwy 159, next to Schnucks.

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Granite City Office (Madison County)

3600 Nameoki Rd, Suite 201
Granite City, IL 62040
Phone: 618-977-9560

Across Shop'n Save, by appointment only.

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