Legal Question in Credit and Debt Law in Missouri

Hi. Judging solely by the amount of debt you indicate, and without knowing the assets or organization of the company, I would imagine that separating yourself from any existing debt of the corporation could be a more complex undertaking than paying off 50% of the debt. There are likely plenty of laws, and even numerous areas of law, that come into play with this type of transaction. Business law, tax law, and contract law all are involved. Business law is not my personal area of practice. I focus my St. Louis practice on personal injury, workers' compensation, and creditor-debtor issues. The one thing I can say with confidence is that you would certainly benefit from having a detailed telephone or in-person discussion with an attorney who specializes in business law, and perhaps by having an attorney oversee the transaction.

I do know attorneys in the St. Louis area who have extensive knowledge and years of experience in the area of corporate, business, and tax law, however. It would be advisable to consult with such an attorney.

I can be reached via e-mail at [email protected], or phone at (314) 471-5585. Thanks.

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