Laurie A. Knight, Attorney At Law Classic Solutions | Life-Long Results

Chesterfield Bankruptcy Attorney

Serving Businesses & Individuals in St. Louis County

Bankruptcy laws are codified in Title 11 of the United States Code, and it is federal law that governs all bankruptcy cases. The goal of the Bankruptcy Code is to provide debtors a fresh start from overwhelming, burdensome debt.

If you or your business is facing financial hardship, bankruptcy may be the right solution to your problem. Should you find yourself drowning in unmanageable debt, rest assured that Chesterfield bankruptcy attorney Laurie A. Knight is here to help. With well over a decade of legal experience, Laurie is knowledgeable about bankruptcy law and is ready to help you overcome the debt you are struggling with.

Contact Laurie A. Knight, Attorney at Law, LLC at (636) 200-5533 to get started with a confidential consultation.

How Bankruptcy Works

Each bankruptcy case has a:

  • Debtor: The person who filed a petition asking the Bankruptcy Court for bankruptcy relief of debts.
  • Judge: A court official with decision-making power over the case.
  • Bankruptcy panel trustee: The person who is in charge of the bankruptcy estate. The bankruptcy estate is all of the property of the debtor at the time of filing. It is the trustee’s responsibility to review the debtor’s petition and schedules and bring actions against creditors or the debtor to recover property of the bankruptcy estate.
  • U.S. Trustee: An officer of the Justice Department who supervises the administration of the bankruptcy estate and the panel trustees, and who has various other duties.

Every bankruptcy case begins with filing a petition for relief. Along with the petition, the debtor files schedules and statements. The schedules and statements describe property, income, expenses, transactions with regards to property, etc. The debtor must attend a credit counseling class before the case is filed in Bankruptcy Court. This class is required by law. Once the case is filed in court, the automatic stay comes into effect. This stops any lawsuits, foreclosures, garnishments, and all collection activity against the debtor as soon as the petition is filed.

Approximately 30 days after the filing of the petition, the creditors’ meeting – or 341 meeting – is held. The debtor is questioned under oath about his/her financial affairs by the panel trustee, creditors, or the U.S. Trustee. The debtor must then complete a financial management course. Failure to take this required course will cause the debtor’s case to be dismissed, and the debtor will not receive a discharge of his/her debts.

Discharge of Debt

The next step in the process is receiving a discharge of debt. How long after the filing of the petition the debtor receives a discharge of the debt is dependent on which chapter is filed. A discharge means that the debtor is no longer personally liable for certain dischargeable debts set forth in the Bankruptcy Code. Once a discharge is granted in the case, the Bankruptcy Court will close the case shortly thereafter.

Non-Dischargeable Debts

Not all types of debts are dischargeable.

The most common types of non-dischargeable debts are:

  • Certain types of taxes
  • Spousal support or child support
  • Debts for willful and malicious injuries to individuals or property
  • Debts to governmental units for fines or penalties
  • Debts for most government-funded or guaranteed educational loans or benefit overpayments
  • Debts for personal injury caused by the debtor’s operation of a motor vehicle while under the influence of drugs or alcohol
  • Debts owed to certain tax-advantaged retirement plans
  • Debts for certain condominium or cooperative housing fees
  • Debts that were not listed on the schedules or statements

A fresh start is available to debtors who are honest. A discharge can be revoked for various reasons including failure to disclose property, fraudulently obtaining a discharge, and committing one of several acts of impropriety described in the Bankruptcy Code.

Work with Laurie A. Knight, Attorney at Law, LLC

If you are faced with overwhelming debt, you need a Chesterfield bankruptcy attorney you can trust. Laurie A. Knight is dedicated to helping you find a solution to your financial problem. You can rest assured that your case is in good hands with Laurie.

Call (636) 200-5533 to get started on your case today.

Why Choose Attorney Laurie Knight?

  • Free Consultation

    Every initial consultation is free of charge. No hidden fees!

  • Extensive Experience

    Attorney Knight has been perfecting her legal practice for over a decade.

  • Excellent Work Ethic

    Attorney Knight handles each case with respect and the utmost diligence.

  • Flexible Appointment Schedules

    Attorney Knight is available when YOU need help. All appointment times are flexible.

  • Personal Approach

    Every case is personal and no client is left in the dark.

  • Classic & Professional

    Attorney Knight values professionalism and integrity with every case and every client.

Contact Us Today!

How to Reach Us 636.200.5533 13321 N. Outer 40 Road, Suite 500
Chesterfield, MO 63017 Map & Directions [+]
Fill out a form or call the office today to schedule your free consultation!
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