Debt Relief in Little Rock

There are methods that can assist you in regaining your financial independence and paying off your debts. Individuals go bankrupt for a variety of reasons, including medical expenses, school loans, and lost employment.

There’s a solution for whatever your trouble is, regardless of the cause. People sometimes resist filing for bankruptcy due to unfounded worries about losing their homes, assets, and credit.

When people are uncertain about their financial future, they look for legal assistance to get some debt relief. They may be worried about unsecured debt, wage garnishment, debt collectors, medical debt, or creditor harassment.

We look at all your debt relief options including bankruptcy protection to decide how to deal with your existing debt.

At wh Law, our Little Rock bankruptcy attorneys have years of experience helping our clients obtain financial relief through bankruptcy and debt consolidation. We offer more than just assistance with bankruptcy filings — we offer you peace of mind and a future free of financial worry.

Debt Relief from Bankruptcy in Little Rock

Many people wonder what debts you do not have to pay back after a bankruptcy filing. The bankruptcy laws allow you to the following bankruptcy relief under the bankruptcy code:

Experienced Bankruptcy Attorney in Little Rock

We can assist you in answering questions concerning your money problems, outlining choices, and putting together a strategy that works best for you and your family.

Our Little Rock attorneys are here to assist you with your case whether you need a fresh start in your financial problems, have lost your job or received a pay cut, or are caught paying high-interest credit cards that prevent you from getting ahead.

Perhaps you have creditors calling you at all hours, leaving you feeling hopeless about your financial affairs. Regardless of your circumstances, whether you do not own property but have credit card debt, or whether you have complicated debt that includes property and other assets, our Little Rock bankruptcy lawyers can help.

When you need security for your house, automobile, or other investments, we are here to help.

Types of Bankruptcy in Little Rock

If you are having a hard time controlling your debt and are being harassed by creditors, the wh Law Bankruptcy team can guide you through the bankruptcy process and discuss the options available to your case. In Little Rock, Arkansas, there are two types of bankruptcy — Chapter 7 and Chapter 13. Our experienced bankruptcy attorneys can help you find the right bankruptcy solution for you and your family.

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Chapter 7 Bankruptcy

A Chapter 7 bankruptcy is what some people refer to as the “short-and-sweet” form of bankruptcy. If you qualify for a Chapter 7 case, you may keep all of your property or have an interest in it, such as your home, vehicle, retirement accounts, and furniture.

Your debts would be wiped away, except for those debts you intend to continue paying, such as your mortgage and car note.

To qualify for Chapter 7 in Little Rock, your income and expenses must be considered. It’s not simply about your income; you need an expert bankruptcy attorney to help you see whether you qualify and if Chapter 7 is the appropriate option for you.

Chapter 13 Bankruptcy

If you’re behind on payments for a property you want to keep, such as your mortgage or automobile loan, Chapter 13 might be the best option for you. A Chapter 13 bankruptcy case is known as “reorganization,” which is not the same as a Chapter 7 case.

To qualify for a Chapter 13 bankruptcy case, you must have a regular source of income. From that income, you will be required to make monthly payments to a Chapter 13 trustee.

The trustee has no say in how the payments are applied toward your debt, as per Chapter 13. The trustee will follow the plan and pay creditors as directed by your Chapter 13 plan, which is submitted on your behalf.

In Chapter 13, you are shielded from creditors as long as you fulfill all of your obligations under the plan. Reorganization proceedings may take anything from thirty-six to sixty months to complete in order for you to catch up or pay off your debt.

You may be able to get rid of some or all of your unsecured debts, such as credit cards or medical bills. Chapter 13 can stop a pending foreclosure or garnishment of your wages.

Contact Little Rock Bankruptcy Lawyers Today

Every situation is different. If you’re going through foreclosure, have a lot of medical debt, unsecured debts, or are losing your house income due to death or divorce, you’ll want the help of an experienced bankruptcy lawyer to figure out how to proceed.

When you call wh Law for a free bankruptcy consultation, a member of our bankruptcy team will evaluate your monthly living expenses and discuss whether Chapter 7 or Chapter 13 bankruptcy is the right option for you.

Our experienced attorneys understand that declaring bankruptcy is a challenging process and will work hard to make sure that you understand every element of your case and ensure that your bankruptcy goes as smoothly —with as little disruption to your life— as possible.

Contact a Little Rock Bankruptcy Attorney to personally review every bankruptcy petition to ensure accuracy and compliance with the United States Bankruptcy Code, which is complex and changes frequently. If necessary, we may be able to file your case the same day as your consultation. Contact wh Law today to schedule a free consultation.

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