Get Legal Assistance for Bankruptcy
When you fall on hard times and get behind on your bills, sometimes you need a fresh start to get back on your feet. No one wants to file for bankruptcy, but this can be a good way to reset your finances so that you can get back on track. The process is complicated, so it is best to hire a bankruptcy attorney in Maumelle, AR to help you navigate the legalities.
Types of Bankruptcy We Help With
Bankruptcy is complicated because there are multiple types. You must have a good understanding of various chapters of bankruptcy to choose the one that best meets your financial needs. At Crawley Law Firm, we specialize in two specific types of bankruptcy.
For Chapter 13 bankruptcy, you are able to keep most of your assets and simply renegotiate a payment plan. This option is ideal for people who have a steady income but are unable to keep up with the amount of debt they owe. It is a method of debt adjustment. Keep in mind that you are not eligible to file for Chapter 13 bankruptcy if you have filed for other types of bankruptcy within the last few years. A good lawyer can help you negotiate a repayment plan that will allow you to get back on your feet while paying creditors back.
Chapter 7 bankruptcy is slightly more complicated. You may lose many of your assets if they are not essential for life. All of your debt will be cleared, but you must give up property, jewelry, vehicles or other assets in exchange for clearing your debt.
Reasons To File Bankruptcy
People struggle financially for many reasons, and while you may be embarrassed by needing to file for bankruptcy, we are not here to judge you. Our legal experts have helped people declare bankruptcy for many years for a wide variety of reasons. You may want to file for bankruptcy if you find yourself in any of the following situations:
- You have been let go from a previous job and are unable to find new employment
- You have extensive medical bills that you cannot afford to pay
- Your house is about to be foreclosed on
- You can’t pay all of your monthly bills on time
- Your vehicle is about to be repossessed
Benefits of Having a Bankruptcy Lawyer
Filing for bankruptcy requires a lot of paperwork. If you miss a deadline, it could set your application back for months. Is best to hire a lawyer to ensure paperwork is filed correctly in a timely manner. A good attorney can also advise you throughout the legal process so that you know exactly what to expect with every step of the case.
Schedule a Consultation Today
If you need to hire a good bankruptcy lawyer in Maumelle AR, contact the Crawley Law Firm, PA. Our team of experienced attorneys can help you decide which type of bankruptcy you need to file for and guide you through the legal process. We offer free consultations, so contact us today to discuss your case.