Benefits of Bankruptcy in Arkansas
Learn how filing for bankruptcy can help you!
Have horror stories from friends and family members regarding bankruptcy
stopped you from filing? While filing for bankruptcy isn't for everyone,
it can be of great benefit to those who are drowning in debt. At DeLoache
Law Office, our Jonesboro bankruptcy lawyer understands how frustrating
and overwhelming being in debt can be, which is why we strive to help
everyone who seeks our firm's assistance.
We are prepared to help you throughout the entire bankruptcy process—from
filling out and filing the correct paperwork to representing you in bankruptcy
court, if necessary. With our firm, you can rest assured we work for the
best outcome possible for your bankruptcy case.
Why should you file for bankruptcy?
Did you know that once you file for bankruptcy, there is an automatic stay
placed on your account and most creditors have to stop contacting you?
This is one of the many benefits of filing for bankruptcy. If you hire
a bankruptcy attorney to help you during your case, they can handle all
remaining creditor calls on your behalf, so you do not feel harassed or
bombarded. The entire bankruptcy process is also fairly quick—about
a year—compared to other cases the judicial system addresses. This
means that you can start to rebuild your credit and life within a reasonable
timeframe instead of struggling for years.
While filing for bankruptcy may damage your credit for a certain amount
of years, there are great credit restoration methods available. You will
also get relief from dealing with harassing letters, calls, and lawsuits
from creditors that can often be even more stressful. Filing for bankruptcy
allows you to once again regain peace and rebuild your life with a clean
line of credit. Certain forms of bankruptcy, such as Chapter 13, allow
you to keep your property and make smaller, approved payments to your