Bankruptcy Eligibility

Are You Eligible to File for Bankruptcy in Arkansas?

Proven West Memphis Bankruptcy Attorney

Facing financial stresses is both difficult and frightening, but can even be worse if you're not sure what your legal options actually are. Bankruptcy protection has helped millions recover their financial future and peace of mind, but how do you know if you're eligible?

At DeLoache Law Office, we have 25 years of experience in these matters and have guided countless clients facing uncertain futures back on track. We know the confusion, fear, and stigma that can come with bankruptcy filings and are proud to offer compassionate, knowledgeable service on these matters.

If you are considering bankruptcy, don't hesitate to call our firm today.

How to Determine Bankruptcy Eligibility

While bankruptcy is a viable option for many, there a number of different measures and requirements the government has put in place to determine eligibility. Some of them calculate your existing finances, others are meant to demonstrate that you've pursued help and have a firm understanding of your circumstances.

Before filing for bankruptcy, you must:

  • Submit a petition and thorough documentation to court
  • Attend U.S. Trustee-accredited credit counseling within six months prior to filing
  • Take the means test to determine which Chapter is best

The means test calculates your income and finances and compares it to a state average, determining if you qualify for Chapter 7 protection. In cases where income reaches over the benchmark, applicants might still be eligible for Chapter 13 protection.

Ready to file? We're ready to assist you today!

Even when the procedures are clear, filing for bankruptcy can be both logistically and emotionally challenging. At DeLoache Law Office, we believe it doesn't have to be. Not only can we assist you through every step of this process, but we can also provide bankruptcy alternatives that may better suit your needs. We've made it our mission to ferry individuals and families out of their financial nightmare and are ready to help you make the first step.

You don't have to struggle with your debts any longer. Contact us to speak to a proven West Memphis bankruptcy lawyer at our firm to find out if your eligible today!

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