8608 Dollarway Road Suite D. White Hall, Arkansas 71602
8315 Cantrell Road Suite 230 Little Rock, Arkansas 72227
Bankruptcy Options in Little Rock, Arkansas
We know it can be hard to find the right financial solutions. We are here to answer your bankruptcy questions and address any concerns you might have about your bankruptcy options here in Arkansas. We deliver committed bankruptcy representation to those who are in need of a steady hand while dealing with financial solution concerns. If you are eligible for bankruptcy and after reading the information below believe it is the right path for your financial journey then contact us today to learn about the options you could have here in Arkansas.
Is Bankruptcy the right option for you?
Some signs that you could benefit from bankruptcy options in Arkansas are that you are facing a lot of debt, experiencing wage garnishing, you cannot manage your monthly payments, facing home foreclosure or vehicle repossession. These are all problems that can he helped, you have options to help you file for bankruptcy in Arkansas.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is one of the most common types of consumer bankruptcy in Arkansas. Consumer bankruptcy is for individuals, but not businesses. A Chapter 7 bankruptcy can help you manage unsecured debt you have collected over the years. These unsecured debts can typically include credit card balances, medical bills, and personal loans. Secured debt will remain behind and must still be paid. However, there are exceptions to all of these, and this is where an experienced attorney can help.
Chapter 11 Bankruptcy
Chapter 11 bankruptcy is essentially allowing your company to regain control of its debt. Chapter 11 Bankruptcy is a way for viable businesses to secure additional time to meet their debt obligations and to reorganize debts so they can get on track. A business may be able to negotiate new payment schedules and negotiate agreements with creditors or collectors to resolve problematic debt and reduce payments. The best part is we plan on helping you continue to operate and not require the oversight of a trustee unless such business has engaged in fraud or mismanagement in the past.
Chapter 12 Bankruptcy
Chapter 12 bankruptcy offers a solution for family farmers, timber cutting and fishermen who are experiencing financial hardship during these times. Chapter 12 bankruptcy was implemented as a way to offer relief for professionals in these industries because of financial problems. Chapter 12 bankruptcy petition is filed, the debtor can pay back their debts without the threat of creditors and collectors taking legal action against them. If you are a family farmer or fisherman in need of debt relief, reach out to our experienced bankruptcy attorneys to discuss your options.
Chapter 13 Bankruptcy
For a Chapter 13 bankruptcy, you must have consistent income. Once Chapter 13 recognizes that you have a stable income and help you with a court-approved and supervised payment plan. Depending on the debt you accumulated before filing bankruptcy in Arkansas, you may still have secured debt you are responsible for after your bankruptcy is completed, such as your mortgage, auto loans, and federal student loans.
If you believe you are in need of bankruptcy legal services in Little Rock and White Hall, Arkansas, we encourage you to contact The Stanley Havner Law Firm for a free consultation.
8608 Dollarway Road Suite D. White Hall, Arkansas 71602
8315 Cantrell Road Suite 230 Little Rock, Arkansas 72227
