Chapter 7

Chapter 7 Bankruptcy Attorney in West Memphis

Need Immediate Debt Relief?

Frustrated by the overwhelming amount of debts you face month to month? Feel like there is no solution for your bills and unrelenting creditors? It may be time to talk with our West Memphis bankruptcy lawyer about your situation! With nearly 25 years of legal experience under our belts, we fully understand what you are going through and how to guide you through the Chapter 7 bankruptcy process.

At DeLoache Law Office, we pride ourselves on putting clients first. Our goal is to help you achieve the financial freedom and debt-free future you deserve. We can do this by utilizing effective legal strategies and proven bankruptcy methods and alternatives when necessary.

What are the benefits of filing for Chapter 7?

  • Puts an automatic stay in place, which halts creditor action
  • Allows you to discharge a majority of debts
  • You still maintain possession of all exempt assets
  • Once debts are discharged or paid off, you get a fresh start

If you would like to learn more, feel free to give our firm a call at any time.

Will I qualify for Chapter 7 bankruptcy?

In order to be eligible to file for Chapter 7 bankruptcy, your monthly income must fall below the average monthly income of your living area. This essentially means that you must not have any expendable income after paying for necessary expenses (such as food, water, rent, electric bill, etc.) to put towards paying off your debts.

Chapter 7 bankruptcy is often referred to as liquidation bankruptcy, as you liquidate all assets that are non-exempt to pay for any remaining debt. Our firm can walk you through this process and ensure that you take advantage of all applicable exemptions and ensure a majority of your debts are discharged.

The good news is that our firm is here to assess your financial situation and help you take the best step forward. We also offer credit restoration services and advice on life after bankruptcy. Contact us today for a free, no-obligation consultation.

Begin Moving Forward Today

Get in Touch