The Cabot Bankruptcy Attorney Who’s Got Your Back
Find Real Debt Relief With Our Bankruptcy Lawyers in Cabot, AR
Money stress can hit hard. Even though you’re doing everything possible to stay afloat, the bills just keep stacking up. You might be facing late notices and dodging collection calls. Maybe you’ve even been hit with a lawsuit threat or wage garnishment. Whatever the case — it’s enough to make you feel like you’re drowning.
Here’s the good news: You’re not alone, and you’re definitely not stuck.
If you’re in Cabot and considering bankruptcy, you’ve come to the right place. At WH Law, our Cabot bankruptcy attorneys are not here to judge or lecture you. They’re straight-shooters who’ll walk you through the process and help you get your life back on track.
Talk to our team of lawyers today to get started.
What You Should Know About Bankruptcy
Bankruptcy is a legal process that helps people who can’t pay their debts get a fresh start. It’s not about failure. It’s about taking back control and finding a way forward.
When you file for bankruptcy, the federal court steps in to protect you from creditors. Depending on the type of bankruptcy, it can either:
- Wipe out certain debts completely (like credit cards or medical bills)
- Set up a plan to repay what you can afford over time.
The goal? To give you breathing room and a chance to rebuild.
The Different Kinds of Bankruptcy
There’s more than one type of bankruptcy, and it’s not just for individuals.
- Regular folks usually file under Chapter 7 or Chapter 13, depending on what they need and qualify for.
- Chapter 9 is for cities, towns, school districts, and other local governments that need to reorganize their debt.
- Businesses can either shut down with a Chapter 7 or try to restructure and stay open under Chapter 11.
- Chapter 12 is designed specifically to alleviate the debts of family farmers and fishermen.
- And Chapter 15? This one handles bankruptcy cases that involve more than one country.
Don’t worry. We’ll help you figure out which one applies to you (if any). Most people in Arkansas stick with Chapter 7 or 13.
Chapter 7? Chapter 13? We’ll Help You Choose.
While Chapter 7 is usually faster and cheaper than filing for Chapter 13, not everyone qualifies.
Chapter 7 Bankruptcy
For many people in Cabot, Chapter 7 bankruptcy (often called “straight bankruptcy”) is the quickest path to debt relief. Chapter 7 can wipe out unsecured debts — meaning they’re not backed by collateral — like credit cards, medical bills, payday loans, and most personal loans.
It’s ideal when you simply can’t repay your debts. Here’s a look at what Chapter 7 can do for you:
- Erase most debts & end harassment: In just a few months, you could be free from many unsecured debts. Even better? The second we file your case, the calls, threats, and wage garnishments come to a full stop.
- Keep your essentials: Worried about losing your house or car? Most folks who file Chapter 7 keep their home, car, and personal belongings. Bankruptcy laws (Arkansas exemptions) protect the things you need to live and work.
Not sure if Chapter 7 is right for you? Our Cabot bankruptcy lawyers will help you figure that out fast. If you qualify, we’ll walk you through every step — and in many cases, you can even file with $0 down.
Want more details? Check out our Cabot Chapter 7 page.
Chapter 13 Bankruptcy
Maybe you’re behind on your mortgage or car payments. Perhaps you earn a decent income, but debt is still crushing you. Chapter 13 bankruptcy could be your lifeline. Think of it as a court-approved payment plan that gives you time and breathing room to catch up. Here’s how it helps:
- Save your home and car: Facing foreclosure or repossession? Chapter 13 immediately halts those threats. You get to keep your property while rolling any missed payments into a repayment plan over 3 to 5 years.
- One affordable payment: With Chapter 13, you consolidate all your debt into one monthly payment that actually fits your budget. No more juggling multiple bills or avoiding late fees. Interest on unsecured debts stops piling up, and you could end up paying back just a fraction of what you owe. The rest? Forgiven when it’s done.
If you’ve got steady income and want to hang onto your stuff, Chapter 13 might be the right move. Our attorneys will help build a plan that fits your budget and checks all the legal boxes. Sticking to a plan isn’t always easy, but we’ll be right by your side when you need us.
Own a small business in Cabot? We can help with that, too. Contact your local legal team today.
What Bankruptcy Can’t Do
Bankruptcy is a powerful debt relief tool, but there are some things it just can’t touch. It’s usually unable to:
- Wipe out student loans (unless there’s a serious hardship)
- Erase back child support or alimony
- Clear recent tax debt
- Get rid of court fines or criminal restitution
But don’t count yourself out. Our Cabot bankruptcy attorneys will dig into the details and find every bit of relief the law allows. You have more options than you probably realize.
Pros & Cons of Filing for Bankruptcy
Bankruptcy isn’t something most people ever plan on doing, but sometimes it’s necessary. Like anything major, it comes with upsides and trade-offs. Here’s a quick look at what you’re really signing up for:
The Pros:
- Instantly stops collections, lawsuits, foreclosures, and wage garnishments
- Wipes out many debts you’d likely otherwise never escape
- Allows you to start rebuilding your credit sooner than you think
- Gives you peace of mind and a clean financial slate
The Cons:
- It stays on your credit report for 7–10 years (which could affect your chances of getting approved for future loans)
- You may have to give up certain non-essential assets (in rare cases)
- Some debts — like student loans or child/spousal support payments — usually stick around
- Emotionally, it can feel like a big step (even when it’s the right one)
- May damage your reputation in the community
Here’s the deal: If the stress is absolutely crushing you and you can’t see a way out, bankruptcy could be your smartest move. Our lawyers will help you weigh the good and the bad and come to a decision that you feel good about.
How the Bankruptcy Process Works
Filing for bankruptcy might sound overwhelming (and intimidating), but it’s more manageable than you think — especially when you’ve got the right team backing you up. It typically goes like this:
Step 1: Credit Counseling
Before you can file, you’ll need to complete a credit counseling session from an approved provider. It’s a quick course that helps you understand your options and is required by law.
Step 2: File Your Petition
Our attorneys will help you gather all the necessary paperwork — income, debts, assets, expenses — and file your bankruptcy petition with the court. This step officially starts your bankruptcy law case.
Note: If your income is below a certain level, bankruptcy courts may waive filing fees.
Step 3: Automatic Stay Kicks In
Once filed, the court issues an “automatic stay.” That means creditors have to stop calling, suing, garnishing wages, or trying to repossess your stuff. It’s like hitting the pause button on your financial chaos.
Step 4: Meeting of Creditors (341 Meeting)
About a month after filing, you’ll attend a short meeting with a court-appointed trustee. Creditors can show up but usually don’t because it can cost a lot.
Step 5: Follow Through
Depending on your case:
- Chapter 7: If everything checks out, your qualifying debts will be wiped out in a few months.
- Chapter 13: You’ll start making payments under a court-approved plan that lasts 3 to 5 years.
Step 6: Debtor Education Course
Before your debts can be officially discharged, you’re legally required to complete a second course on financial management. It’s pretty straightforward and helps set you up for success in the future.
Step 7: Discharge
Once everything’s finalized, the court issues a discharge order. That means your qualifying debts are officially erased, creditors can no longer attempt to collect those debts, and you can finally start a new financial chapter.
Why Choose WH Law As Your Cabot Bankruptcy Law Firm?
WH Law isn’t your typical law firm, and we’re proud of that. We believe in being honest, casual, and real when helping clients. By choosing to work with our team, you’ll get:
- Straight answers (no confusing “legalese”)
- A team that picks up the phone
- Updates you can actually understand
- Affordable payment options that work for your budget
Our bankruptcy attorneys fight hard, stay honest, and never make you feel small for asking for help. Because we’ve seen what happens when good people finally get a break — and that’s what keeps us going.
Ready To Get Out of Financial Trouble? Let’s Talk.
Are you tired of constant creditor harassment, living paycheck to paycheck, or drowning in debt you can’t seem to escape? It’s time to talk to a Cabot bankruptcy attorney who gets it.
Reach out today for a free consultation. We’ll listen, guide you, and help you determine the next best step.
