Fayetteville Bankruptcy Attorneys

When debt is weighing you down, it can feel like you’re stuck with no way out. But at WH Law, we’re here to help you take control of your financial future. Our Fayetteville bankruptcy attorneys understand what you’re going through, and we’ve got the tools to help you break free from the stress of debt.

We don’t just handle your case — we listen. We know how overwhelming debt can be, and we’re not about throwing complicated legal jargon your way. We talk like regular people because that’s what we are. And we’re here to get you the fresh start you deserve.

Call us today for your free consultation. We’ll be straight with you about your options and guide you every step of the way. Let’s make this the start of something better.

Bankruptcy Lawyers in Fayetteville, AR, Working Through Debt Relief With You

Debt can be a difficult thing to overcome. When you are struggling to make ends meet, it feels like there is no way out. You may feel like you are alone in this struggle, but you are not. There are many people who are in the same situation as you.

Many people struggle with debt, and whatever the reason for your debt, it is important to understand that you have options. One of those options is bankruptcy.

Bankruptcy is a legal process that allows individuals or businesses to eliminate or repay their debts under the protection of the bankruptcy court.

Consumers can file two types of bankruptcies: Chapter 7 and Chapter 13. Both types of bankruptcies have their own advantages and disadvantages, so it is important to speak with an experienced bankruptcy attorney to determine which type of bankruptcy is right for you.

At WH Law, our team of experienced bankruptcy lawyers in Fayetteville will work with you to understand your unique financial situation and help you decide if bankruptcy is the right option for you. We will also guide you through the bankruptcy process and help you navigate the complex legal system.

If you are struggling with debt, call us today at (901) 582-5628 to get the legal help you deserve and start on a path toward a better financial future.

What Bankruptcy Cases Can a Fayetteville Bankruptcy Lawyer Help Me With?

Bankruptcy can be the lifeline you need to stop creditor harassment, wage garnishments, and even foreclosure. We’ll walk you through the whole process, explain your options in plain terms, and help you decide what’s best for you.

There are two main types of bankruptcy cases that a Fayetteville bankruptcy lawyer can help you with if you are a consumer. Let’s go over each in detail to help you decide which type of bankruptcy you should file. Whether it’s Chapter 7 or Chapter 13, we’ve got you covered.

Chapter 7 Bankruptcy in Fayetteville

Chapter 7 bankruptcy is a type of bankruptcy that allows you to discharge your unsecured debts, such as credit card debt and medical bills.

To qualify for Chapter 7 bankruptcy, you must be under a certain threshold for your income and assets. The threshold for qualifying for Chapter 7 bankruptcy is based on a means test, which considers your income, expenses, and family size. Here are the key points:

Median Income: Your average monthly income over the six months prior to filing must be below the median income for your household size in your state. Each state has its own median income limits that are updated periodically.
Means Test: If your income is above the state median, you may still qualify if you pass the means test. This test compares your disposable income (after subtracting allowed expenses) to a predetermined threshold. If your disposable income is low enough, you may still qualify for Chapter 7.
Assets: In addition to income, there are limits on the value of assets you can keep. Each state has exemptions that allow you to protect certain property, such as your home, vehicle, and personal belongings.

It’s essential to consult with a bankruptcy attorney or use official resources to determine the specific thresholds applicable in your state, as they can vary widely. If you qualify for Chapter 7 bankruptcy, you will have an automatic stay implemented on your assets.

The automatic stay is a critical part of the bankruptcy process. It stops creditors from harassing you and trying to collect on your debts. It also prohibits them from seizing your assets. This gives you time to assess your financial situation and decide what type of bankruptcy is right for you.

If you choose to file for Chapter 7 bankruptcy, the automatic stay will remain in place until your case is discharged.

There are several other benefits that come with filing for Chapter 7 bankruptcy as opposed to Chapter 13 bankruptcy, including:

You can discharge your unsecured debts, such as credit card debt and medical bills.
The automatic stay goes into effect immediately, stopping creditors from harassing you or seizing your assets.
You will have a fresh start financially.

Chapter 7 bankruptcy is common among consumers, but it is not for everyone. Contacting our law firm can help you determine if Chapter 7 bankruptcy is the right type of bankruptcy for your particular situation.

Chapter 13 Bankruptcy in Fayetteville

Chapter 13 bankruptcy is a type of bankruptcy that allows you to repay your debts over a three- to five-year period. This type of bankruptcy is also known as a “reorganization bankruptcy”. In order to qualify for Chapter 13 bankruptcy, you must have a regular source of income, and your unsecured and secured debts must be below a certain limit.

To qualify for Chapter 13 bankruptcy, your unsecured debts must be below $465,275, and secured debts must not exceed $1,395,875. These limits are subject to periodic adjustments, so it’s essential to check for the most current thresholds before filing.

Chapter 13 bankruptcy is a good choice for people trying to consolidate their debts into a single payment plan. Developing a repayment plan for Chapter 13 bankruptcy can be tricky. It involves working with a bankruptcy trustee to develop a plan that is affordable for you and meets the requirements of the bankruptcy court.

The repayment plan is a key part of Chapter 13 bankruptcy. It outlines how much you will pay each month to your creditors and over what period of time the payments will be made. The repayment plan must be approved by the bankruptcy court before it can go into effect.

There are many benefits that come with filing for Chapter 13 bankruptcy as opposed to Chapter 7 bankruptcy, including:

You can consolidate your debts into one monthly payment.
You can repay your debts over a three- to five-year period.
You can keep your assets, such as your home or car.
The automatic stay goes into effect immediately, stopping creditors from harassing you or seizing your assets.

If you have questions about which type of bankruptcy is right for you, contact our trusted and experienced bankruptcy law firm today to help you through your bankruptcy process and get the debt relief you deserve.

Other law firms might make you feel like just another case number. Not us. We’re down-to-earth, and we care about your outcome. When you work with a WH Law Fayetteville bankruptcy lawyer, you’ll feel heard and understood. We fight for what you deserve, plain and simple. No nonsense, no gimmicks — just straightforward legal help.

And did we mention the free consultation? You’ve got nothing to lose by reaching out. Let’s sit down, talk through your situation, and figure out a game plan that works for you.

What Are the Steps Involved in Filing for Bankruptcy in Fayetteville, Arkansas?

There are several steps involved in filing for bankruptcy. The first step is to gather all of the necessary paperwork. This includes a list of your debts, income, and assets. You will also need to complete a credit counseling course and take a means test to see if you qualify for Chapter 7 or Chapter 13 bankruptcy.

Once you have gathered all of the necessary paperwork, you will need to file your petition with the bankruptcy court. This can be done online or in person. Once your petition has been filed, you will need to attend a hearing called “the 341 meeting of creditors”. At this hearing, your creditors will have an opportunity to object to your bankruptcy.

If your bankruptcy is approved, you will receive a discharge of your debts. This means that you will no longer be liable for repaying your debts, and your creditors will not be able to take any action against you.

In order to file for bankruptcy, there are many intricate details you need to get right to ensure your bankruptcy goes smoothly. Hiring an experienced Fayetteville bankruptcy lawyer can help you meet strict deadlines and make sure your best interests are protected. To get answers to bankruptcy questions you may have, reach out to WH Law today to learn more.

What Does a Bankruptcy Lawyer Do?

A bankruptcy lawyer can help you through the bankruptcy process from start to finish. They will help you gather all of the necessary paperwork and file your petition with the court. A bankruptcy lawyer can also represent you at your 341(a) meeting of creditors and help you plan for your financial future after bankruptcy.

Bankruptcy lawyers are experienced in dealing with creditors and can answer any questions you have about your rights during the bankruptcy process. If you are considering filing for bankruptcy, reach out to WH Law today to schedule a consultation with one of our experienced bankruptcy lawyers.

When it comes to discharging debt, a bankruptcy lawyer from our Fayetteville law firm can help you get these common debts discharged:

Medical Debt

If you have a lot of medical debt, you’re not alone. In fact, medical debt is one of the most common types of debt that people file for bankruptcy to discharge. Through no fault of your own, you may have had a sudden medical episode or accident that leaves you struggling with extremely expensive medical bills. In conjunction with your other expenses, you could be struggling immensely to just make ends meet, let alone pay your medical bills. Bankruptcy can be a key way to get medical debts discharged.

Credit Card Debt

Credit card debt can be extremely difficult to get out of. With high interest rates, even making the minimum payment each month could leave you in debt for years. If you’re struggling to make ends meet and your credit card debts are becoming too much to handle, bankruptcy could be the answer. A bankruptcy lawyer can help you get your credit card debts discharged so that you can start fresh.

Student Loan Debt

Student loan debt is another type of debt that can be difficult to repay. If you’re struggling to make your monthly student loan payments, bankruptcy could help you get some relief. Although it’s not easy to discharge student loan debt through bankruptcy, it is possible in certain circumstances. An experienced bankruptcy lawyer can help you determine if you qualify to have your student loan debt discharged.

Tax Debt

If you owe back taxes, you may be feeling the pressure from the IRS. The good news is that tax debt can often be discharged through bankruptcy. However, there are certain requirements that must be met in order for tax debt to be eligible for discharge. An experienced bankruptcy lawyer can help you determine if your tax debt qualifies for discharge and guide you through the process.

Filing for bankruptcy is a big decision, and it’s not one that should be taken lightly. If you’re considering filing for bankruptcy, reach out to WH Law today. Our experienced bankruptcy lawyers can answer your questions and help you determine if bankruptcy is the right option for you. Contact us today to schedule a consultation.

Which Bankruptcy Lawyers Can Help Me?

The feeling of anxiety and dread when dealing with debt can be overwhelming. Debt collectors can be relentless in their pursuit of payment, and it can feel like there’s no way out. If you’re struggling to pay your bills and your debts are becoming too much to handle, bankruptcy may be the answer. However, bankruptcy is not an easy decision to make and should not be taken lightly. An experienced bankruptcy lawyer can help you determine if bankruptcy is the right option for you and guide you through the process.

Filing for bankruptcy, whether it is bankruptcy code Chapter 7 or Chapter 13, can be incredibly beneficial to you. Bankruptcy can put a stop to the daily struggle of debt and give you a chance to start fresh.

If you are considering filing for bankruptcy, it is important that you have an experienced bankruptcy lawyer on your side. WH Law can work with you to put a stop to harassing calls from creditors, stop your house from getting foreclosed, and even put an end to wage garnishment.

While bankruptcy can provide temporary relief for the aforementioned things, it can also provide permanent financial relief going forward, allowing you to start fresh.

We don’t believe in a singular approach for all clients — we know every client and situation is different. We will work with you personally and confidentially to develop a strategy that is best for you.

Get in touch with us today to schedule a consultation with one of our experienced bankruptcy lawyers. We are here to help you through this difficult time and get you on the path to financial freedom. Call us today at (901) 582-5628 to get the legal help you deserve.