Filing for Bankruptcy in Cabot, AR

Practically everyone experiences the burden of debt at some point in their lifetimes. If you are struggling to overcome your debts but you can’t seem to make any leeway, it may be time to see if a bankruptcy attorney Cabot, AR can help you. Bankruptcy lawyers like Mr. Crawley know how to provide clients like you with advice for overcoming your overwhelming debt and coming out with a solid financial recovery plan on the other side.

A bankruptcy lawyer Cabot, AR may be right for you if you’re facing mountains of debt that you can’t possibly pay back. In this situation, bankruptcy may be the most viable course of action to take. Here are a few signs you may be better off filing for bankruptcy than trying in vain to pay off your debts.

• Your house is about to go into foreclosure because you can’t pay your debts
• You have massive medical bills you can’t possibly handle
• You’ve been unemployed for months and have no way to repay your debts
• Your car is going to be repossessed

If any of the above situations apply to you, bankruptcy may be the only possible option for you to take unless you want to lose everything. A bankruptcy attorney in Cabot, AR can help you navigate the complicated regulations and processes associated with bankruptcy law.

What To Know About Filing for Bankruptcy in Cabot, AR

There are different types (or “chapters”) of bankruptcy. You should have a general idea of what they are so you know which type is most appropriate for you to pursue. Two of the most common chapters of bankruptcy are Chapter 7 bankruptcy and Chapter 13 bankruptcy. A bankruptcy attorney Cabot, AR can help you determine which type is most appropriate for your situation. Here are a few details about these two common types of bankruptcy.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is the most common type of bankruptcy. In most cases, it lasts about four or five months. It’s often referred to as “liquidation” bankruptcy because it is used to help married couples, businesses or individuals wipe out the bulk of their debts.

When someone doesn’t have the money required to pay off debts, Chapter 7 bankruptcy is often recommended. Most people who file for this chapter of bankruptcy don’t lose their property and are able to hang onto their personal belongings as well.

Chapter 13 Bankruptcy

Under Chapter 13 bankruptcy, debtors can retain possession of their major assets (such as vehicles, homes, retirement accounts, etc.) by simply restructuring their debts. Crawley Law Firm in Cabot, AR can help you determine whether Chapter 13 bankruptcy is most appropriate for your current situation. Mr.  Crawley can also settle non-exempt and exempt items while waiting for a judge to provide approval for the repayment plan. Clearing debt with Chapter 13 bankruptcy can take up to five years or even longer, so those who choose this plan should understand that they’re in it for the long haul.

 

Give Us a Call To Claim Your Complimentary Consultation

We would love to provide you with a complimentary consultation to help you determine if bankruptcy is the right next step for you. Contact us today to get started.

 

Let us help you go over your options when facing a wage garnishment in Jonesboro!

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Reviews

Crawley Law Firm, PA

Customer Reviews

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.

C. Henley

I have been struggling with coming to this decision to file bankruptcy, but you have made me feel comfortable through this process! Thank you for being so great with clients! You are a rockstar in my book! This is terrifying but you all have made it better! Thank you for all your help!!

Terri B. 01/20/22

Google
I would definitely recommend Crawley Law Firm. They were informative and very patient all the way through. I could always call with any other questions. Juliana was great! Michael and all of his staff were very professional and understanding all the way!

Robert N. 01/17/22

Google
Very responsive very respectful, and competitive on price. Always answered my questions with honor. Thanks Crawley team.

Sherry S. 01/12/22

Awe ty for always making me feel better. You are good people and I can't tell you how every single thing u have ever said or done u and ur hubs has helped us in some way. And this bankruptcy stuff is serious and ya'll take such good care of us and we appreciate you!

Brandy T. 12/23/21

Thank u so much y'all are so pleasant and beautiful people to work with.

Tonya D. 12/27/21

Google
Mr Crawley and all of his staff were extremely nice, truly caring and always there to help. I am very fortunate to have been able to work with all of them. Anytime you have a question all you have to do is call or email. They would ALWAYS get right back with you. If you need a GREAT attorney....Definitely give them a call!!!

Tonya.

Update: 12/27/2021

These people are awesome to work with. They don't just take care of you at the beginning and leave you to deal with stuff and you be lost. They are with you every step of the way. Even after it is all said and done they are a phone call, text or email away. You have multiple ways to stay in contact and they make you very comfortable asking any questions you may have. I highly recommend Mr Crawley and all of his staff. They are amazing. They are the best so please give them a call. I did and they also give you information to help you rebuild your credit. So they go above and beyond for sure. Happy New Year's and be sure you pick the right one when needed.

Arnold B. 11/04/21

They treat you like your someone; with understanding and caring ,really good folks i trust them you can too

Tonya D. 10/29/21

Google
Mr Crawley and all of his staff were extremely nice, truly caring and always there to help. I am very fortunate to have been able to work with all of them. Anytime you have a question all you have to do is call or email. They would ALWAYS get right back with you. If you need a GREAT attorney....Definitely give them a call!!!
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