Complete Legal Advice Through Bankruptcy

Arkansas’ Best Bankruptcy Attorney

If you’re dealing with a large amount of burdensome debt that is keeping you in a hole, it’s important to seek economic assistance immediately before it gets worse. The experienced bankruptcy attorney at Crawley Law Firm can provide informed financial suggestions and guidance to residents of Northeast Arkansas area. We have vast knowledge in the field, so we are uniquely specialized to give you the right information. You can get yourself out of debt and into better financial standing with solid planning and restructuring. Because there are so many nuances in bankruptcy law, it’s crucial that you seek the help of a qualified bankruptcy lawyer who can get you on the right track.


If any of the following situations apply to you, then you’ll want to reach out to a bankruptcy attorney at Crawley Law Firm.

  • You have medical bills you cannot repay because of high deductibles and out-of-pocket costs
  • Your house is going into foreclosure
  • Your car is about to be repossessed
  • You have been unemployed for months and can’t pay off debts
  • You cannot pay utility bills

Filing For Bankruptcy In Arkansas

A bankruptcy attorney can go through the myriad of options available in these circumstances and aid you in selecting the one that makes the most sense for your particular situation. This area of law is broken down into chapters, of which we commonly proceed with Chapter 7 and Chapter 13 bankruptcy among others. Depending on the details of your case, these alternatives can help you get your affairs in order with time. You can consult with Mr. Crawley to have him get acquainted with your case and offer you sound advice.

Generally, Chapter 7 bankruptcy will consist of turning a debtor’s non-exempt assets into cash. This type of bankruptcy is called a “liquidation” bankruptcy and is available to people who don’t make enough money to pay their debts. Once the bankruptcy is discharged, a trustee or bankruptcy lawyer can be assigned to distribute liquid assets to creditors. In Chapter 13 bankruptcy, a restructuring of debt payments takes place, which allows debtors to maintain major assets. Some of these exemptions could include assets like your home, retirement accounts, and car among others. A bankruptcy attorney can settle what are exempt and non-exempt items, and a judge will approve a repayment plan. These arrangements can span three to five years or more, and any remaining debts are cleared after that.

Bankruptcy In Arkansas

Bankruptcy FAQs – Understanding The Chapters Of Bankruptcy

Depending on the circumstances, different types of bankruptcy are appropriate. They are referred to by their chapter titles in the U.S. Bankruptcy Code. The most commonly filed chapters are 7, 11, 12, and 13.

Types of Bankruptcy

If you have accumulated significant debt and are no longer able to pay off your creditors, bankruptcy can be a useful tool for getting back on track financially. There are different types of bankruptcy that are best for various situations. Working with a bankruptcy lawyer is the best way to understand which type of filing is best for your financial needs. At Crawley Law Firm, we specialize in helping clients navigate several types of bankruptcy.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy discharges you of unsecured debt such as medical and credit card bills. You are allowed to reaffirm debt and continue paying for your home and car. You DO NOT lose your assets. Chapter 7 bankruptcy is means tested, meaning you must be financially unable to pay your debts. Additionally, the discharge of debts through this method is available to individuals but not corporations. You must also meet criteria Mr. Crawley will discuss with you.

Chapter 11 Bankruptcy

Chapter 11 bankruptcy is a filing for businesses. Instead of dismissing debt, it reorganizes the company’s finances and creates a payment plan to repay all creditors. The business still operates as normal, and the consumer feels no impact from the bankruptcy filing. It is a financial tool that benefits many companies that are struggling financially and gives them another chance to succeed.

Chapter 12 Bankruptcy

Chapter 12 bankruptcy is a filing designed specifically for farmers. When they fall behind on payments to their creditors, this filing allows them to restructure debt and pay over a period of time rather than in one lump sum. The farms operate as usual throughout this process. Filing for Chapter 12 bankruptcy often gives these businesses the time they need to pay off debt without having to close the business.

Chapter 13 Bankruptcy

Like Chapter 7 bankruptcy, Chapter 13 bankruptcy is a filing intended for individuals rather than businesses. However, Chapter 13 bankruptcy does not dismiss debt but rather allows you to restructure debt in a manageable way. Instead, you will develop a repayment plan for existing debts. This is carried out over three or five years, depending on your income and situation. Because you are not asking for debt elimination, there is no risk of losing property in a Chapter 13 bankruptcy filing. However, property values will be considered in developing your repayment plan.

Functions of Bankruptcy

A bankruptcy filing is not a cure-all for indebted people, but it can relieve a great deal of the burden of debt. Here is what bankruptcy is designed to do:

Eliminate Or Reduce Unsecured Debt
Unsecured debts are things like most types of credit card debt, i.e., debt that is not tied to a specific piece of property. This is the kind of debt most bankruptcy relieves.
Nullify Certain Liens
Some secured debts can be eliminated in certain types of bankruptcy filings. Judgment liens, which are liens ordered by a judge, are an example of the type of lien that can be eliminated.

Keep in mind that not every type of debt is avoidable (able to be eliminated) in bankruptcy. In later articles, as we explore each chapter, we’ll spell out the specific benefits, limitations, and applicability of each.

Halt Collection Attempts
Calls from collection agencies and creditors are incredibly stressful for people trying to regain financial solvency. From the time of filing, courts prohibit this type of communication from creditors.
Best Bankruptcy Attorney

Find a Lawyer To Help Navigate Bankruptcy

Bankruptcy is a complex subject with many nuances. Hiring a bankruptcy attorney is the best way to ensure you choose the correct filing to relieve you of substantial debt. Crawley Law Firm is here to help you find a reputable bankruptcy lawyer, so contact us today to get started improving your financial situation.

Schedule your consultation with our bankruptcy attorney in Arkansas today!

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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 🙏

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.