Bankruptcy Attorney For West Memphis, AR
When you’re experiencing burdensome debts that feel like it’s keeping you in a hole, then it’s crucial to seek some economic assistance right away before it gets any worse. Mr. Crawley is an expert bankruptcy attorney at Crawley Law Firm, PA with over 22 years of experience. He can offer you informative financial suggestions and guidance to residents in West Memphis, AR who feel they’re being overburdened. Our attorney has an extensive background in the field of credit and repayment, so we are uniquely specialized to provide you with the precise, accurate information you need. You can get yourself out of the burdensome debt and into a better financial picture with good planning practices and restructuring. Since there are so many nuances when it comes to bankruptcy law, it’s crucial that you get the assistance of an experienced bankruptcy attorney who can get you on the right track.
If you’re besieged by debt and have no way to pay it back, filing bankruptcy might be your only solution. If any of the subsequent situations characterize your present circumstances, then bankruptcy may be your only practical option.
- You have medical bills you cannot repay
- Your house is going into foreclosure
- Your car is about to be repossessedYou have been unemployed for months and can’t pay off debts.
Filing For Bankruptcy In Arkansas
An attorney who specializes in bankruptcy law can lay out the variety of options that are available in these circumstances and help you in selecting the one that makes the most sense to your specific situation. This area of law is narrowed down into chapters. We commonly proceed with Chapter 7 and Chapter 13 bankruptcies among others. Depending on the circumstances of your case, these options can help you get things in order with time. Residents in West Memphis, AR can consult with the bankruptcy attorney at Crawley Law Firm, PA so that he can get familiar with your case and provide you with the representation you need.
Chapter 7 bankruptcy is called a “liquidation” bankruptcy case. It is typically a short proceeding, normally lasting 4 to 5 months, and involves a person, married couple, or business seeking to discharge – wipe out – most of their debts. This is the most common form of bankruptcy and is most useful when someone simply does not make enough money to pay his or her debts. Most people do not lose any property when they file Chapter 7 bankruptcy and get to keep their personal belongings. It’s important to remember that this is our role – to make sure that we analyze your situation completely to be sure that you can protect what you own. If our discussion and analysis show that you would lose property if you filed for Chapter 7 bankruptcy, we would discuss it together to come up with the right solution for you.
In a Chapter 13 bankruptcy, you’ll restructure debts, and this allows debtors to maintain their major assets. Some of these exemptions can consist of assets like your home, retirement accounts, vehicles, and other items. Mr. Crawley can settle what’s considered exempt and non-exempt items while a judge will approve a repayment plan. These arrangements can span the course of three to five years, or even more, it takes that to clear the remaining debts.
Call Us Now For A Free Consultation
Crawley Law Firm, PA has a bankruptcy lawyer to help you in getting your finances under control. Make your financial future a priority with a qualified professional to point you in the right direction. If you’re in West Memphis, AR contact us at 870-972-1150 to set a free consultation with a bankruptcy attorney.