How To File For Chapter 13 Bankruptcy in Arkansas
Call on our West Memphis bankruptcy lawyer!
Whether you have acquired overwhelming debts due to a recent job loss or
unexpected medical expenses, our firm is here to provide the financial
guidance you need. Chapter 13 bankruptcy can be an extremely effective
tool, but may not be right for every individual's situation. That
is why we offer free, no-obligations where we can assess your financial
situation and help you determine the best step forward.
When you work with our
West Memphis bankruptcy attorney, you will quickly realize that we are a client-centered legal team that
is focused on helping you get back on your feet. We understand how hard
it can be to struggle with debt, which is why we are passionate about
resolving your debts in an effective manner. Let us review your situation today!
Do I qualify for Chapter 13 bankruptcy?
People often believe that bankruptcy is not right for them since they still
have a job or make money every month. However, even with monthly income
left over after paying bills and necessary expenses, you could still be
facing severe and overwhelming debt. There is a solution for those that
have enough income to work with; Chapter 13 bankruptcy is commonly known
as the restructuring or reorganization chapter of bankruptcy. In this
chapter, you can work with creditors to create a repayment plan that is
doable for your monthly income and allows you to effectively pay off debt
Some of the most helpful benefits of Chapter 13 include:
- Restructuring of secured debts
- Discharge a majority of unsecured debt
- Can put a stop to foreclosure
- You keep a majority of assets, such as car, home, and real estate
- Puts a stop to creditor action
You will need to work with a West Memphis bankruptcy lawyer to come up
with a repayment plan that creditors and the bankruptcy court will be
happy with. You will also need a legal advocate to represent your interests
and rights throughout the process.
If you have more questions about Chapter 13 bankruptcy or would like to
discuss your financial situation, please
contact DeLoache Law Office today!