Independence, Missouri, Bankruptcy Attorney
Struggling with finances can take an emotional toll on an entire family. At Piedimonte and Associates, P.C., we understand how the economy can have a direct effect on individuals and families throughout Missouri and the country. We provide clients with tailored advice and guidance that is designed to help them deal with financial troubles. One of the options we present is filing for bankruptcy protection. This can be an effective way of regaining control of your situation by discharging some of your debt or establishing a repayment plan to satisfy your debts.
There are many different issues that arise when considering bankruptcy. Some of these are listed below. To further discuss your individual situation with a lawyer at our firm, contact us today.
Chapter 7 Bankruptcy
A Chapter 7 bankruptcy filing is typically called a "fresh start" or liquidation. This is the most common type of personal bankruptcy for consumers. Chapter 7 involves the collection of non-exempt the non-exempt property of the debtor, sells it and distributes the proceeds to the creditors.
Other Forms of Bankruptcy
Our firm also provides advice and guidance to clients seeking bankruptcy protection under Chapter 11, Chapter 12 or Chapter 13 of the U.S. Bankruptcy Code. These forms involve a debtor being able to utilize some of his or her future earnings to repay creditors.
Dealing with Creditors
Under most types of bankruptcy proceedings, a trustee is chosen to oversee the assets of the debtor. The proceeding can be sought by creditors or initiated voluntarily by a debtor. Either way, once bankruptcy is filed, most creditors must cease their actions to collect on the debts outside of the bankruptcy proceeding.
Debtor's Rights and Obligations
The debtor is also barred from some actions, such as attempting to transfer property that has been deemed part of the estate in order to protect it. Also, any transfers of property, liens and other interests may be postponed or cancelled. Our firm can also address questions or concerns debtors may have regarding debt consolidation and other issues related to credit card debt.
Contact us at Piedimonte and Associates, P.C. to learn more about your bankruptcy options during an initial consultation at our Independence, Missouri, office. We are committed to your rights and the cost-efficient resolution of your bankruptcy, family law, elder law or other legal case.
Piedimonte and Associates, P.C.
221 W. Lexington Ave
Suite 101
Independence, MO 64050
Toll Free: (888) 417-6378
Local: (816) 398-7405
Fax: (816) 836-9077