Navigating Turbulent Financial Waters: Filing for Bankruptcy

Many individuals and businesses face overwhelming financial challenges in today’s unpredictable economic climate. When debts become unmanageable and financial stability seems out of reach, filing for bankruptcy can provide a fresh start and a chance to rebuild your financial future. In this blog, we’ll explore the process of filing for bankruptcy, its different types, and the steps you can take to improve your credit score post-bankruptcy.

Understanding Bankruptcy

Filing for bankruptcy protection aims to discharge certain debts to give an honest individual debtor a “fresh start” from burdensome debt. The debtor has no liability for discharged debts. These federal bankruptcy laws are in place to help those who find themselves in a challenging financial situation. Some clients have unsecured debt at a 25% interest rate with no realistic way to pay it back.

Different Types of Bankruptcy

There are several different types of bankruptcy. Each financial situation is unique, and Mr. Crawley will use his 25+ years of experience to discuss your options. Chapter 7 Bankruptcy will generally discharge unsecured debts, such as credit card debt, medical bills, and unsecured personal loans, at the end of the process, about four to six months after you start.

Chapter 13 Bankruptcy is a court-approved and supervised payment plan. You work directly with our attorney, Mr. Crawley, through a budget. The court recognizes that you have a stable income and some disposable income each month to pay your debts, but you cannot manage it alone. An automatic stay is immediately put into place when the bankruptcy is filed. This stops creditors from trying to collect debts from you (ex., Home, Vehicle).

There is also Chapter 11 bankruptcy, which is primarily for businesses. A Chapter 12 bankruptcy is designed for family farmers and fishermen. Mr. Crawley will work directly with you to assess your financial situation, which includes evaluating your assets and debts. This will allow him to determine the most suitable bankruptcy option.

You can file for bankruptcy independently, but hiring an experienced bankruptcy attorney is wise since the federal requirements and deadlines can sometimes be complicated and confusing. Mr. Crawley has decades of experience and can help you navigate this challenging but often necessary decision. Our staff will patiently work alongside you through preparing, filing, and discharge of your bankruptcy case. We are here to help.

Life After Bankruptcy

Many worry about how filing for bankruptcy will affect their credit. Most incoming clients have a credit score in the 500-600 range. They want to rebuild their credit after the bankruptcy is completed. We understand the concern and want you to receive the fresh start you need. Therefore, we provide a free online course to our clients that teaches them how to increase their credit score into the 700s within 12 to 24 months after their bankruptcy is discharged.
There is life after bankruptcy, and you CAN get lower interest rates even with a bankruptcy on your credit report. You CAN purchase vehicles and even a home. The process is not as scary as it sounds; many clients wish they had filed sooner. We help relieve the financial burdens and allow you to breathe easier with a plan for the future. The past is over, so let’s focus on what we can control and get your finances back on track.


Filing for bankruptcy is complex, but it can relieve individuals and businesses facing insurmountable debt. By understanding the different types of bankruptcy, assessing your financial situation, and following the proper legal procedures, you can successfully navigate this challenging period and lay the foundation for a brighter financial future. Remember, seeking professional guidance and adopting responsible financial practices are key to rebuilding your credit and regaining stability after bankruptcy.


Crawley Law Firm, PA

Customer Reviews


We really appreciate you and I can already tell the difference. Feels like a thousand pounds off my chest and I can breathe πŸ™

Willie J. 08/10/23

Very great and friendly staff would recommend anyone that is filing bankruptcy please choose Crawley Law Firm.

Eric S. 07/26/23

Best in Jonesboro

Tiffany H. 06/26/23

Michael and his whole team were great! My filing was very fast and efficient and they answered every question I had in a timely manner!

Debbie V. 03/20/2023

Great experience very fast wonderful people to work with.

Shannon W. 03/21/2023

Professional, Helpful, and Kind. I would recommend to anyone. Thank you

Tanya 2/15/2023

Mr. Crawley and the staff were very kind and knowledgeable to me during my Bankruptcy period. They did an awesome job. They were quick to respond to all messages, calls, and inquires. I would definitely recommend Crawley Law Firm to anyone in need of help with your legal issues.

Casey 02/08/23

Mr Crawley and husband staff were very kind and knowledgeable to me during the trying time that is bankruptcy. They were quick to respond to all messages, calls, and inquires. I recommend them to anyone in need of help with your legal issues.

H Barnes

Awesome. Answered every question each time all the time. Be prepared when you walk into his office because they're already waiting to tackle your issues. Good staff too. This lawyer gets this thang done. Have your ducks in a row.. They will help you all the way.

Mr. and Mrs. Dowdy 08/19/2022

We want to personally thank Mr. Crawley and his staff for everything. We want the whole office know we appreciate each of you for being kind and having patience with us throughout the process.