Bankruptcy Attorney Near Little Rock, AR
If you are dealing with difficult financial circumstances, you may be wondering what your options are. At Crawley Law Firm, PA, we help clients take control of their financial futures by helping them weigh the pros and cons of filing for Chapter 7 or Chapter 13 bankruptcy. Our law firm near Little Rock, AR, offers free consultations to discuss your unique situation and how you may be able to stop calls from debt collectors, end foreclosures, and halt wage garnishments. Mounting debts combined with job loss, medical bills, or the death of a spouse can all contribute to you becoming financially unstable. Regain your footing by speaking with our bankruptcy attorney to see how we can help you achieve the best possible outcome.
Our Bankruptcy Attorney is Here to Help
Our bankruptcy attorney is here to help when you have questions about improving your financial standing. We’ll advise you on debt management alternatives and whether filing for bankruptcy is truly the best choice for you and your family. We’ve helped countless clients get a hold of their finances after they’ve experienced an income reduction, have high-interest credit cards, or are otherwise finding it next to impossible to manage their debts. It’s easy to get discouraged when creditors are constantly hounding you and you’re not sure what else you can do to improve the situation. Our law firm has the experience to protect your assets and take back control.
Know Your Bankruptcy Options
It’s important to note that there are different types of bankruptcy. If you’re having a hard time handling your financial affairs, you should discuss your options with our bankruptcy lawyer. With many years of experience helping clients get ahead, we can help you understand which type of filing would be most beneficial for you. This will likely depend on your occupation, assets, whether you meet income thresholds, and determining how much debt you could potentially pay back through reorganization. The two most prevalent types of filings we do in the Little Rock area are Chapter 7 and Chapter 13 bankruptcy.
Chapter 7 bankruptcy is for individuals who don’t earn enough to pay back debts. In this case, their non-exempt assets are evaluated in a process called liquidation. The money made from these assets will be used to cover debts owed to creditors. A trustee will be responsible for making sure that everything is accounted for and that everything checks out. Your lawyer will be with you throughout the process to ensure that it all goes as it should and will answer any questions you have along the way. It takes approximately 4 months to complete the process and it’ll have an impact on your credit score. However, implementing some useful strategies will allow you to rebuild your credit with time and discipline.
A wage earner bankruptcy reorganizes debt to be repaid partially or in full over time. It’s done this way so that the individual can keep their assets. How much each creditor is paid will depend on the law and on the decision of the court. If circumstances change, this type of bankruptcy is flexible enough to make changes along the way. It’s also a complex area of the law, so it’s important to have a bankruptcy lawyer by your side to assist you and help you make the most appropriate decision. You will be making monthly payments to a trustee and this could last between 3 – 5 years.
Consult with Our Bankruptcy Lawyer
Crawley Law Firm, PA, is a trusted law firm near Little Rock, AR, that’s helped locals manage their finances since we began in 1997. Our bankruptcy attorney understands that everyone’s financial situation is unique and that any decision made can have a serious and long-lasting impact. We take a careful approach when advising our clients about what to do regarding their financial affairs. Although Chapter 7 bankruptcy is known as liquidation, the law allows many people to keep their property. We will let you know ahead of time and we will also file now and let you pay later as well. On the other hand, the Chapter 13 bankruptcy option will involve debt consolidation. Speak with our lawyer to learn more and see how we can help you.
Schedule a Consultation for Bankruptcy
Get in touch with the bankruptcy lawyer at Crawley Law Firm, PA, to evaluate your case. We’ll review your finances and provide you with sound legal advice that you can trust in. Contact us today at (870) 972-1150 to schedule a free consultation near Little Rock, AR.