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

West Memphis Bankruptcy Attorney

Debt Relief For All Of Arkansas! Call (888) 233-7016.

Perhaps you lost your job or an unforeseen circumstance strained your finances and savings. You fell behind on your bills and now you face bankruptcy. You are probably feeling stressed and anxious about your financial future, which is perfectly understandable. The best thing to do at this point is to become informed about your legal options and rely on the careful guidance of an experienced legal professional.

At DeLoache Law Office, our West Memphis bankruptcy lawyer has helped thousands of clients protect their financial futures by providing them with the resources and counsel they need during this difficult moment in their lives.

Our firm strives to help our clients understand the big picture of their financial situation. This allows them to make informed decisions that best suit their needs. Voted Best of Region 8 Bankruptcy for three years in a row, Attorney DeLoache is fully committed to helping people face their financial problems and get a brand new start.

Frequently Asked Questions on Bankruptcy

What is bankruptcy?
When someone can no longer keep up with paying their bills, bankruptcy is a legal proceeding that stops creditors from trying to collect debt. When a person files for bankruptcy, it can help them in eliminating or repaying the debt while under the protection of the federal bankruptcy court. Despite the negative stigma behind bankruptcy, it has successfully helped many individuals wipe out their debt and start fresh in their finances.

What are the different chapters of bankruptcy?
There are several different chapters that individuals and businesses can choose to file under.

The main two options for consumers include the following:

  • Chapter 7 bankruptcy: Also known as a “liquidation bankruptcy," you will be required to sell your valuable assets to pay off debts and may be able to discharge the rest. There are exemptions available to help you keep some of your property.
  • Chapter 13 bankruptcy: Also known as “repayment bankruptcy," this chapter allows individuals with some disposable income to pay off their debts over time by creating a new and more reasonable payment plan that they can manage.

How much does it cost to file bankruptcy?
To file bankruptcy under Chapter 7, it will cost $306. This will include all forms and filing fees, but not any legal fees that may be necessary to ensure a successful case. Similarly, filing for bankruptcy under Chapter 13 will cost a total of $281 in court and filing fees.

What types of debt can't be eliminated through bankruptcy?
While bankruptcy can help you discharge many debts, including those from credit cards and other unsecured debts, it typically won't eliminate:

  • Alimony
  • Child support
  • Certain types of taxes
  • Fines or restitution
  • Student loans
  • Secured debt

Do I have to go to court for my case?
Typically, you won’t have to appear in court when filing for bankruptcy. There will be a meeting of creditors where you meet with a bankruptcy trustee and any creditors to review your financial state and bankruptcy plan. If filing for Chapter 7, you will go over which assets will be liquidated. If filing Chapter 13, you will go over your repayment plan. Going to court may only arise if complications or disputes occur with creditors.

Want to start over? We can help.

Whether you are currently being harassed by creditors or you are struggling to restore your credit, our West Memphis bankruptcy lawyer can help. Since 1990, we have been serving the financial and legal needs of families living in West Memphis, Arkansas and we would like to assist you and your family too. You probably have a lot of questions about your bankruptcy case, and we are ready and willing to provide you with the answers. Take a look at our helpful legal tips that may shed some light on some of your existing questions.

Contact our West Memphis bankruptcy lawyer at (888) 233-7016 to learn more about how DeLoache Law Office can be of assistance to you. We're here to get you through this.