The Best Damn Arkansas Bankruptcy Lawyer

Name: Bankruptcy Lawyer
Brand: WH Law
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Debt Relief, Arkansas-Style: What You Don’t Have to Worry About After Bankruptcy

Curious about which debts you can kiss goodbye when filing for bankruptcy in Arkansas? Our law firm is here to break it down for you:

Credit Card Debt: Say farewell to those nagging credit card balances.
Medical Debt: We understand that medical bills can pile up. We’re here to help you clear the slate.
Car Loan: Yes, even car loans can find some relief in the Arkansas bankruptcy code.
Stop Wage Garnishment: We’re on your side, fighting to put an end to those paycheck deductions.
Stop Foreclosure: Keeping your home is essential, and we’ll work to help you keep it.
Other Unsecured Debts: Whatever unsecured debts are weighing you down, we’ll help you find a way out.
Other Secured Debts: We’ll explore all options to give you a fresh start, even with secured debts.
Fair Credit Reporting Act: Our honest approach means we’ll fight to remove those negative credit report items, helping you rebuild your financial reputation.

With our working-class spirit and Southern vibe, we’re your legal Samaritans, rooting for the underdog and providing a down-to-earth approach to bankruptcy relief in Arkansas.

Dependable Bankruptcy Guidance From an Experienced Bankruptcy Attorney in Arkansas

In the heart of the working class, we’re the experienced attorneys who get you. Life can throw some curveballs, and we’re here to help you navigate through them with down-to-earth wisdom:

Assistance Tailored to You: We’re not like other lawyers. We listen, we care, and we customize a strategy that suits you and your family’s unique financial journey.
A Fresh Start: Whether you’ve hit a rough patch, faced job loss or pay cuts, or are stuck in a never-ending cycle of high-interest credit card debt, we’re the honest folk heroes who can provide you with the fresh start you deserve.
Creditor Woes: When those relentless creditors have you feeling like you’re giving the bird to authority, we step in, no matter if you own property or have complex financial entanglements.
Asset Protection: If you need to safeguard your home, car, or other investments, we’re your working-class advocates.

Different Paths or Types of Filing Bankruptcy in Arkansas

If you are having a hard time controlling your debt and are being harassed by creditors, the WH Law Bankruptcy Law team can guide you through the bankruptcy process and discuss the options available to your case. When it comes to tackling debt and standing up to those relentless creditors, we’re the trusted faces of bankruptcy law in Arkansas, with a Southern touch:

Arkansas offers two bankruptcy options. Our experienced team of Arkansas bankruptcy attorneys will help you choose the right path. Whether it’s Chapter 7 or Chapter 13, we can help you find the right bankruptcy solution tailored to your needs and those of your family.

Chapter 7 Bankruptcy: Your Fresh Start

Picture Chapter 7 bankruptcy as the straightforward, no-nonsense path to financial debt relief. It’s often called the “short-and-sweet” option, allowing you to keep what matters most, such as your home, car, retirement savings, and cherished possessions. In Arkansas, Chapter 7 can potentially safeguard these assets.

With Chapter 7, most of your debts can be discharged, leaving you with a clean slate. All of your debts will be wiped away except for those debts you intend to continue paying, such as your mortgage and car note (or car payment).

To qualify for Chapter 7 in Arkansas, your income and expenses must be considered, but determining if you qualify for Chapter 7 isn’t just about income; it’s a nuanced process that requires the expertise of a seasoned Arkansas bankruptcy attorney who can assess your unique situation and guide you toward the right choice.

Chapter 13 Bankruptcy: Reorganize and Regain Control

If life has thrown you a curveball and you’re struggling to catch up on payments for vital assets like your mortgage or car loan, Chapter 13 steps in as a reliable friend. Unlike Chapter 7, a Chapter 13 bankruptcy case is known as “reorganization”. It involves creating a plan and working through your financial challenges.

To initiate a Chapter 13 bankruptcy case, you’ll need a steady source of income. You’ll make manageable monthly payments to a Chapter 13 trustee from this income. Notably, the trustee doesn’t dictate how these payments are allocated; in other words, the trustee has no say in how the payments are applied toward your debt. They simply follow the plan outlined in your Chapter 13 plan, which is submitted on your behalf.

Under Chapter 13’s protective umbrella, you’re shielded from creditors as long as you adhere to your plan. The reorganization process typically spans from 36 to 60 months, offering you the time needed to catch up on payments and gradually pay off your debts. Additionally, Chapter 13 may enable you to eliminate some or all of your unsecured debts, such as credit cards or medical bills. It can also halt impending foreclosure proceedings or wage garnishment.

With a working-class spirit and a down-to-earth approach, we’re here to guide you through Chapter 7 and Chapter 13 bankruptcy options. Our goal is to help you regain control of your financial destiny, one step at a time.

Reach Out to Our Arkansas Bankruptcy Lawyers Today

Every situation is unique, just like you. Whether you’re facing foreclosure, drowning in medical debt, grappling with unsecured debts, or dealing with the financial aftermath of life-altering events like death or divorce, you’ll want the assistance of down-to-earth, experienced bankruptcy lawyers to guide you through the maze.

When you make that call to WH Law for a free bankruptcy consultation, you’re reaching out to a team that understands the working-class struggles you may be facing. We’ll closely examine your monthly living expenses and engage in a heart-to-heart conversation to determine whether Chapter 7 or Chapter 13 bankruptcy is the right path for you.

Our experienced attorneys get it — declaring bankruptcy can be a challenging and intimidating process. But, with us by your side, you’ll have trusted folk heroes working hard to ensure you comprehend every facet of your case. We’re committed to making your bankruptcy journey as smooth as sippin’ sweet tea on a Southern porch, with minimal disruption to your life.

Rest assured, our Arkansas bankruptcy attorneys take meticulous care in reviewing every bankruptcy petition to ensure precision and compliance with the intricate and ever-changing United States Bankruptcy Code. If needed, we can even file your case on the very same day as your consultation. So, why wait? Reach out to WH Law today and schedule your free initial consultation with honest, working-class legal advocates who are here to help you find your way to financial stability.

Ready to regain control of your financial destiny and explore your bankruptcy options with an honest, down-to-earth partner? Don’t navigate this challenging journey alone. Schedule your free consultation with WH today! Our down-home spirit is here to guide you towards a fresh financial start. Take the first step towards financial freedom now!

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Bankruptcy FAQ's

Can I Get a Free Consultation to Discuss Bankruptcy?

Absolutely, at WH Law, let’s clean it up!

We’re all about offering free bankruptcy consultations. It’s a zero-cost, no-pressure opportunity to explore your financial situation and determine if bankruptcy is the right path. During your consultation with our down-to-earth, experienced attorneys, we’ll help you figure out which bankruptcy chapter suits you best, whether it’s Chapter 7, Chapter 9, Chapter 11, Chapter 12, or Chapter 13. Plus, we’ll be transparent about the costs associated with filing and the overall expenses of your bankruptcy journey. You can easily schedule your free bankruptcy consultation by giving us a call at 501.891.6000 or by filling out our consultation request.
What Is Bankruptcy?

For most folks, bankruptcy is like a fresh start button in the legal world. It’s a legal process designed to provide debt relief to those struggling to pay their bills. Two common options are Chapter 7, which clears away many debts swiftly, and Chapter 13, which involves a structured “repayment” plan for three to five years.
What Is The Power of the Automatic Stay?

When you file for bankruptcy, something called the “automatic stay” comes into play, as per the Bankruptcy Code. This nifty provision puts a halt to creditor actions, including lawsuits, foreclosures, garnishments, and other collection attempts. It buys you some breathing room while your debts are sorted out based on their priority.
Who's Eligible to File For Bankruptcy?

The Bankruptcy Code opens the doors for a wide range of individuals and entities, including people, partnerships, corporations, and business trusts, to file bankruptcy cases. If you initiate the process by filing a petition, it’s considered a “voluntary” bankruptcy. On the other hand, if creditors trigger the bankruptcy by filing a petition against you, it’s an “involuntary” bankruptcy. In such cases, you have a window to challenge the bankruptcy. Married individuals can file jointly, while unmarried folks, corporations, and partnerships must file separately. Individuals with businesses must also file separately, not jointly.
What Does Bankruptcy Cost? Breaking Down the Costs of Bankruptcy

The cost of your bankruptcy journey can vary, depending on the chapter you choose, your financial situation, and the complexity of your case. It generally includes court fees and attorney fees.

For Chapter 7, the court filing fee is $335, whether you file individually or with a spouse. Additionally, the required courses and credit reports cost $57 for individuals.

Chapter 13 involves an initial fee of $310 paid to the Court to open the case, along with an extra $57 for the mandatory classes and a comprehensive credit report.

If paying these fees all at once is a challenge, the Court may permit you to pay them in installments. Feel free to discuss this option with us. For more details, visit the U.S. bankruptcy court’s website.

As for attorney’s fees, they vary based on the unique circumstances of each Chapter 7 case, considering factors like existing judgments, prior garnishments, and any secured debts you wish to reaffirm. At WH Law, our bankruptcy fees start at a reasonable $500.00, keeping things accessible for the working class.
What Are The Different “Chapters”?

WH Law services all bankruptcy customers. Bankruptcy in the United States is organized into different chapters, each serving a specific purpose.

Here’s an overview of the main bankruptcy chapters:

Chapter 7 — Streamlined Debt Resolution

Chapter 7 embodies the essence of simplicity within the Bankruptcy Code, often known as the “liquidation” chapter. In these cases, folks seek a clean slate where debts are wiped away and no ongoing payments are required. However, some property that exceeds certain limits (“exemptions”) may need to be relinquished to achieve this. The appointed Chapter 7 Trustee then sells this property to compensate creditors. The aim is to protect essential property while avoiding the need to liquidate assets to repay unsecured creditors. It’s like a financial reset, but it’s important to understand that opting for Chapter 7 may lead to the loss of some property.

Chapter 13 — Structured Debt Settlement

Chapter 13, often called the “debt repayment” chapter, offers a path to resolving debts through structured payments. Debtors retain their property and gradually repay creditors over a plan that can span from 36 to 60 months, with the plan’s duration often tied to the debtor’s income. When filing for Chapter 13, debtors propose a monthly payment plan to a Chapter 13 Trustee, who then distributes these funds to various creditors as outlined in the approved plan. Upon successful completion of this payment plan, most debts are discharged, providing a sense of financial relief.

Chapters 9, 11, and 12

Beyond the commonly known Chapters 7 and 13, other bankruptcy options are available:

Chapter 9 (“Municipal or Governmental Bankruptcy”) is tailored exclusively for municipalities and governmental entities, such as schools and water districts. It’s a mechanism designed to address the financial challenges such public bodies face.

Chapter 11 (“Reorganization Bankruptcy”) is a versatile chapter primarily intended for reorganization, often involving corporations or partnerships. Under Chapter 11, a debtor devises a reorganization plan to revitalize its business and repay creditors gradually. This plan must earn court approval and comes with quarterly fees in addition to the filing fee.

Chapter 12 is tailored for “family farmers” or “family fishermen” without a consistent annual income. It provides a means for financially distressed agricultural and fishing families to create and execute a plan for repaying all or part of their debts. Chapter 12 debtors formulate a repayment plan that spans three to five years, with the requirement that payments be made over a shorter duration unless the court approves a longer-term “for cause.” If the plan does not cover 100% of domestic support claims (such as child support and alimony), it must span five years and encompass all disposable income, with a maximum payment period of five years in all cases.
Which Bankruptcy Chapter Do I Need, and Do I Need an Attorney?

Navigating the bankruptcy process can be like choosing the right path through a maze, and deciding whether or not to seek legal guidance can be pivotal.

While the law presents various bankruptcy options, choosing whether to file and under which chapter to file should be tailored to your unique circumstances. Those who qualify for either Chapter 7 or Chapter 13 enjoy the advantage of selecting the option that best aligns with their specific financial situation.

For many, Chapter 7, with its potential for debt discharge without repayment, is the preferred choice. However, Chapter 13 offers a lifeline for those who may have fallen behind on house payments, allowing them to catch up over time and prevent foreclosure.

Selecting the right chapter is not a one-size-fits-all decision but rather a personalized legal choice. While it is possible to file for bankruptcy without legal representation, this decision should be made with the guidance of an experienced bankruptcy attorney. Such an attorney can provide you with competent legal advice, evaluate your individual circumstances, and ensure you make an informed choice. Moreover, if you decide to proceed without legal counsel, it’s essential to be aware that the court cannot provide legal advice or assist you during various proceedings that may arise in your case.
What Can Bankruptcy Do For Me? Unlocking the Benefits of Bankruptcy
Bankruptcy isn’t just about debt relief — it’s about the opportunity for a fresh start:
- Debt Discharge: Bankruptcy can eliminate most or all of your debts, providing a chance to reset your credit and embark on a new financial journey for you and your family.
- Home Preservation: It allows you to catch up on missed mortgage payments, helping you avoid foreclosure. However, it doesn’t eliminate your mortgage or property liens unless the debt is paid.
- Asset Protection: Bankruptcy can prevent the repossession of vehicles and other property if filed promptly.
- Creditor Relief: It puts a stop to wage garnishments, creditor harassment, and other actions aimed at collecting debts.
- Utilities: Bankruptcy can help restore or prevent the termination of essential utility services.
- Debt Challenges: It empowers you to challenge creditors engaged in fraud or attempting to collect more than you genuinely owe.
Will Bankruptcy Affect My Credit? Navigating the Credit Maze
One of the concerns with bankruptcy is its impact on your credit. When a case is filed, the related documents become public records and credit reporting agencies routinely gather information from bankruptcy cases. Under the Fair Credit Reporting Act, bankruptcy can remain on your credit report for up to ten years from the filing date.

However, bankruptcy can be a lifeline for those already grappling with significant delinquent accounts. It has the potential to improve credit by eliminating old debts, freeing up income to meet current financial obligations, and potentially securing new lines of credit. The decision to extend credit in the future is at creditors’ discretion and varies based on the type of credit requested.

Monitoring your credit report before and after bankruptcy is crucial to ensure accurate reporting and address any disputes with credit bureaus. Debts discharged should be accurately reported with a balance of $0 to prevent negative credit score impacts and facilitate the reestablishment of credit.

The three main credit Reporting Agencies are:
- Experian Profile Maintenance P.O. Box 9558 Allen, TX 75013 (888) 397-3742 Website: www.experian.com
- Trans Union Attn: Public Records Department 555 West Adams Street Chicago, IL 60661 (800) 888-4213 Website: www.transunion.com
- Equifax P.O. Box 740241 Atlanta, GA 30374 (800) 685-1111 Website: www.equifax.com
Can Bankruptcy Cancel Student Loans in Arkansas?

Bankruptcy laws do provide a path to discharge certain debts, but student loans are typically treated differently.

In most cases, discharging student loans through bankruptcy can be challenging. To do so, one usually must demonstrate “undue hardship,” a rigorous legal standard. It often requires proving that repaying the loans would cause extreme financial hardship, making it nearly impossible to maintain a basic standard of living.

Student loans are often categorized as “non-dischargeable” in bankruptcy, meaning they are not automatically wiped away like other debts.

While it’s not impossible to discharge student loans in bankruptcy, it’s a complex and challenging process. It’s crucial for individuals facing this situation to consult with a qualified bankruptcy attorney with a deep understanding of Arkansas bankruptcy laws. They can provide tailored advice based on the specific circumstances and help explore available options.

Bankruptcy may offer relief for certain debts, but canceling student loans in Arkansas through bankruptcy is typically a formidable task. It’s a scenario where honest, down-to-earth guidance from an experienced attorney becomes invaluable, helping individuals navigate the process effectively and understand their options.