8608 Dollarway Road Suite D. White Hall, Arkansas 71602
8315 Cantrell Road Suite 230 Little Rock, Arkansas 72227
We know it can be hard to find the right financial solutions. We are here to answer your bankruptcy questions and address any concerns you might have about your bankruptcy options here in Arkansas. We deliver committed bankruptcy representation to those who are in need of a steady hand while dealing with financial solution concerns. If you are eligible for bankruptcy and after reading the information below believe it is the right path for your financial journey then contact us today to learn about the options you could have here in Arkansas.
Some signs that you could benefit from bankruptcy options in Arkansas are that you are facing a lot of debt, experiencing wage garnishing, you cannot manage your monthly payments, facing home foreclosure or vehicle repossession. These are all problems that can he helped, you have options to help you file for bankruptcy in Arkansas.
Chapter 7 bankruptcy is one of the most common types of consumer bankruptcy in Arkansas. Consumer bankruptcy is for individuals, but not businesses. A Chapter 7 bankruptcy can help you manage unsecured debt you have collected over the years. These unsecured debts can typically include credit card balances, medical bills, and personal loans. Secured debt will remain behind and must still be paid. However, there are exceptions to all of these, and this is where an experienced attorney can help.
Chapter 7 bankruptcy in Arkansas can take anywhere from 3-5 months. Depending on case to case it could take longer.
During a chapter 7 bankruptcy, a trustee can sell your property. A trustee can sell the nonexempt property to pay creditors.
If you choose, none. However, if you have property such as a house or car then you have to reaffirm the debt and will have to pay back the full amount owed on that property.
Your debts will not be discharged. You cannot avoid support debts through Chapter 7 bankruptcy.
Creditors can and will reach out to seek payment from your co-debtor.
If the debt is proven to be secured, then the creditor will take it back.
Yes, it depends on how you are filing. The income limit will go up per person. But there will be an annual income limit.
Chapter 7 bankruptcy is referred to as liquidation because it involves selling the debtor's assets in bankruptcy. Assets, like real estate, vehicles, and business property, are included in a Chapter 7 filing.
8608 Dollarway Road Suite D. White Hall, Arkansas 71602
8315 Cantrell Road Suite 230 Little Rock, Arkansas 72227
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