Arkansas Bankruptcy Lawyer And Debt Help Lawfirm

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Bankruptcy

Chapter 7 bankruptcy is called a “liquidation” bankruptcy case.  It is typically a short proceeding, normally lasting 4 to 5 months, and involves a person, married couple, or business seeking to discharge – wipe out – the majority of their debts.

Chapter 7 bankruptcy is the most common form of bankruptcy, and is most useful when someone simply does not make enough money to pay his or her debts.

Mortgage Issues

Sometimes mortgage companies just don’t pay attention to the laws.  Even if you file a Chapter 13 bankruptcy to stop a foreclosure, the mortgage company will often keep on tacking on illegal fees and costs.  This inflates the balance on your mortgage, making it impossible to keep up with payments — and forcing you deeper and deeper into the foreclosure sinkhole.

That’s why at Crawley Law Firm we know that Chapter 13 filing is a powerful tool to stop the sale of a home in foreclosure — but it’s just the beginning of the work needed to protect our clients.

Repair Your Credit Score

We at Crawley Law Firm not only want to help you get out of debt by offering a free consultation to see if bankruptcy is an option for you, but also want to help you recover from it.

Filing bankruptcy is an opportunity to start fresh financially and we offer 14-week credit rebuilding program called “7 Steps to a 720.”

This program teaches you how to improve your credit rating over a 6-12 month period of time.

Get Protection, Stop Debt Collection, and Get A Fresh Start Call Us Today!
  • How Does Chapter 7 Work
  • Chapter 11
  • Chapter 13

When your Chapter 7 bankruptcy case is filed, a trustee is appointed by the court.  This trustee – who may or may not be a lawyer – is responsible for reviewing your bankruptcy papers to be sure that you have not hidden anything, did not lie, and made all required disclosures.

You will be called for a meeting of creditors within 4-6 weeks of when the case is filed.  This is a very informal meeting with the trustee, and takes about 10-15 minutes.  You will be asked a series of questions about your case, and the trustee will review the documents that have been filed with the bankruptcy court.

Chapter 11 bankruptcy is a very complex area. Luckily, most people who file for bankruptcy in Arkansas do not need Chapter 11 bankruptcy. In fact, filing Chapter 11 is overkill for all but the most specialized of circumstances.If you’re having problems paying your bills and want to learn your options, call Crawley Law Firm, P.A. at (870) 972-1150.

Contact us online or call 870-972-1150 to start the process. Set up a free, no-obligation consultation appointment with an experienced Arkansas bankruptcy lawyer.

Chapter 13, commonly referred to as a “wage earner” bankruptcy case, involves a reorganization of your finances to allow you to pay back some or all of your debts over a period of time.

Chapter 13 does NOT require you to repay all of your debts.  Rather, it involves repaying a certain amount of debt in order to keep all of your property.  Some creditors will be paid in full, others will get a percentage.  This is a case by case determination and depends on what needs to be accomplished.

Arkansas consumers are constantly under financial pressure. Job loss, illness and other problems can easily cause you to lose your grip on your bills. When hard-working Arkansas families want to end their debt problems, they turn to Crawley Law Firm P.A. for Chapter 7 bankruptcy and Chapter 13 bankruptcy.

Financial Pressure?