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DeLoache Law Office 25+ Years of Excellence Helping Arkansas Families and Businesses Alike

Jonesboro Chapter 13 Bankruptcy Lawyer

Call (888) 233-7016 for Debt Relief Solutions

Are you currently struggling with debt? Do you need the assistance of a Jonesboro County Chapter 13 lawyer? If so, it may benefit you to contact the DeLoache Law Office, where we are passionate about helping people reach effective solutions for their financial struggles. If you wish to get rid of your debt and move forward, we can help you determine if filing for Chapter 13 bankruptcy is the most suitable course of action for you.

Why clients choose our firm:

  • 25+ years of experience
  • Thousands of clients helped
  • Free case evaluations
  • Voted Best of Region 8 Bankruptcy

The DeLoache Law Office focuses on long-term debt relief through bankruptcy. If you want to learn more, please call our Arkansas Chapter 13 attorneys at (888) 233-7016!

Repayment Plans & Chapter 13 in Jonesboro

Millions of consumer debtors have found relief by filing for Chapter 13 bankruptcy. Contrary to popular belief, bankruptcy is not reserved for unscrupulous individuals who cannot control their spending urges. From a failed business venture to a serious and unexpected medical emergency, debt and financial hardship can occur in numerous ways.

If you have an income but are unable to meet monthly payment requirements, you may be eligible for Chapter 13 bankruptcy. For those who qualify, Chapter 13 is a means of fulfilling debt obligations in a timeframe that the debtor can manage. Through this process, the debtor is allowed to present a repayment plan to the court and if the plan is accepted, all other collection practices will cease and defer to the approved plan.

Who should file under Chapter 13 bankruptcy?

Chapter 13 is for debtors who have the annual income to meet debt obligations but can only do so if given the opportunity to build a more manageable repayment plan. This type of federal debt relief is not for everyone, as it requires a debtor to have a household income that exceeds the state median. Furthermore, there are limitations as to the amount and nature of debt that will allow for Chapter 13 bankruptcy.

The current requirements are:

  • Secured debts (tied to collateral or a valued item) must be under $1,149,525.
  • Unsecured debt (credit cards, medical bills, etc.) must be under $383,175

We would be happy to determine your eligibility and figure out if bankruptcy is the best solution for your situation. We are ready to stand by your side and walk you through the process of filing for bankruptcy.

Facing foreclosure or repossession? Chapter 13 could put a stop to the process and help save your possessions. Contact our firm today at (888) 233-7016.

Once you are determined eligible under Chapter 13, your debt collectors no longer get to decide what you pay—this is up to the bankruptcy court. For this reason, having a Jonesboro bankruptcy attorney to represent your interests could make all the difference in the outcome of your unique financial situation.

How Long Does a Chapter 13 Filing Take?

Chapter 13 provides a chance to repay some or all of what is owed over a timeframe of three to five years. While this is a longer period of time than a Chapter 7 filing, this gives you more flexibility for repaying your debts in addition to other benefits.

Helping You Wipe Your Financial Slate Clean

It is our mission to help you face this significant obstacle and achieve a fresh start after a time of financial crisis. With over two decades of legal experience, you can trust DeLoache Law Office to advance your interests skillfully and effectively.

We understand the difficulties you may be facing and are here to answer your questions, calm your fears, and fight to obtain the best possible outcome. You deserve a life free of debt. You deserve to assert your right to a second chance. Let us help you enjoy financial freedom -- starting today.

To learn more, call our Jonesboro office today at (888) 233-7016 and schedule an initial consultation.