Bankruptcy Attorney in North Little Rock, AR
When you’re underwater financially, you need expert advice and advocacy that can help you get back on your feet. Hire a reliable and experienced bankruptcy attorney in North Little Rock, AR. Crawley Law Firm can guide you through your options, whether it is Chapter 7, Chapter 11, or Chapter 13.
Why Choose Crawley?
As a bankruptcy lawyer in North Little Rock, AR with 25 years of experience, we have helped thousands of individuals and businesses by ensuring the protection that bankruptcy offers. If you are under threat of harassing phone calls, lawsuits, wage garnishment, repossessions, or foreclosures, we know how to help you. We also offer a 14-week credit recovery program that helps you start fresh financially.
The Chapter 7 process involves the liquidation of your assets so that you can start repaying the debt. If you don’t make enough money to pay your debts, you are able to turn your car, home, land, and other assets into cash to pay back your creditors. An attorney will walk you through which assets are exempt and non-exempt from the liquidation process. A judge will approve the plan the lawyers create. Chapter 7 does impact your credit score significantly, but it creates a timeline at the end of which you will be debt-free. You can then begin to rebuild your credit score.
Chapter 11 bankruptcy is usually reserved for business, and may be used by individuals when necessary. The first thing that happens is we file a motion for an “automatic stay” which prevents any further debt collection efforts. Then we develop a reorganization plan that helps you repay the debt, via an agreement between you and the creditors.
Chapter 13 is similar to Chapter 7, except you get to keep your assets. An experienced lawyer will help you consolidate your debts so you can repay them more easily. Chapter 13 does not stipulate that you have to repay all of your debts. Sometimes creditors are only legally entitled to a percentage of the balance. Chapter 13 is especially helpful at stopping adverse actions such as garnishments, foreclosure, and repossession.
Hire a Reliable and Experienced Bankruptcy Attorney in North Little Rock, AR
Let us help you get your finances under control. Contact us today to set up a free consultation and ask all the questions you’ve been wondering about. We want to help you protect your possessions and get a fresh financial start. Having been in business since 1997, we have seen it all.
We can also help you avoid some of the most common mistakes such as giving money to a relative for safe-keeping before the court order comes through, paying down too much debt, transferring your assets to a third party, covering up hard truths, and running up credit card debt right before the decision is passed down. All of these may jeopardize your court proceeding and give your creditors the upper hand.
Trust us to guide you with personalized, comprehensive bankruptcy advice.