Chapter 7

Bankruptcy Lawyer in Jonesboro County - Call (870) 890-2749

Are you in a position of financial distress but unsure if bankruptcy is right for you? If so, our Jonesboro County Chapter 7 bankruptcy lawyer at DeLoache Law Office may be able to assist you. We understand how daunting bankruptcy can seem, but by dispelling any misconceptions, we can help you make beneficial decisions to help restore and recover your debt.

Reasons to put your trust in Attorney DeLoache:

  • Thousands of bankruptcy cases under our belts
  • Voted Best of Region 8 Bankruptcy
  • Proven solutions to become debt-free
  • Individualized & attentive legal counsel

Take a step toward a brighter future!
Call us at (870) 890-2749 to schedule your free case evaluation.


Benefit from 20+ Years Experience

Due to the negative connotation surrounding bankruptcy, it is not uncommon for people to be hesitant about filing. However, bankruptcy can provide the opportunity for a fresh financial start and there are a various bankruptcy options - each designed for individuals in specific financial circumstances. One of these types of bankruptcy is referred to by its location in Chapter 7 of the Federal Bankruptcy Code. Our firm has more than 20 years of experience handling Chapter 7 bankruptcy cases throughout Jonesboro County.


If you are considering filing for Chapter 7 bankruptcy, we can guide you through the process. Contact our firm to schedule a consultation today.


Also known as liquidation bankruptcy, Chapter 7 is a straightforward means by which the debtor surrenders certain assets in order to repay a debt in part or entirely. In order to be eligible to file for Chapter 7 bankruptcy, the debtor will need to prove current monthly income and the size of the debt burden.

How do I file for Chapter 7?

A debtor wishing to file must first pass the Chapter 7 Means Test, which asks:

  1. Is the debtor's income more than the median for his or her household in Arkansas?
    The income of one wishing to liquidate assets under Chapter 7 cannot exceed the household median income in Arkansas. If a debtor's income is less than the household median income, he or she automatically qualifies for Chapter 7.
  2. If the debtor's income exceeds the median, is the disposable income enough to repay part of the debts?
    Disposable income is the portion of income left over after all necessary monthly bills and payments have been made. If disposable income exceeds a certain amount, the debtor does not qualify to file for Chapter 7 bankruptcy.

Put a stop to creditor harassment for good!

Once you demonstrate eligibility by passing the Means Test, the process begins. Filing for Chapter 7 will invoke an "Order for Relief" for the filing individual's creditors. This "automatic stay" limits creditors from seeking further collection or forced repayment such as wage garnishment or property liens during the course of the bankruptcy process.

During this time, the court assumes control over the debtor's property and debts. The debtor will need the court's consent to make any decisions regarding these items. A bankruptcy trustee will also be appointed to oversee the task of liquidating proper assets for the benefit of the creditors and once the process concludes, most debts (excluding those left out by the court's discretion) will be discharged.

Request Your Free Consultation Today

Our firm has helped thousands of people with their bankruptcy cases in Arkansas over the last 20+ years. Although filing for bankruptcy can be a troubling and difficult task, our experienced team is here to assist you. We have the experience, knowledge, and resources you need to make the best decision about your financial future. Regain your financial footing - call our offices today.

To learn more about Chapter 7 bankruptcy and to determine whether it is the right option for you, contact the Jonesboro bankruptcy lawyers at our firm today.

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