Get individualized help from an Arkansas bankruptcy attorney
From illness, disability, and job loss to divorce, there are many reasons you may find yourself in need of the services of an Arkansas bankruptcy attorney. A recent study claims that the number one reason for needing to hire an Arkansas bankruptcy attorney is medical costs.
Out-of-pocket medical costs can cause even the most frugal individual to need an Arkansas bankruptcy attorney. Many debtors who cited medical causes for needing to file for debt consolidation and liquidation had medical insurance. Even middle class insured families may experience financial ruin when serious illness or injury strikes.
The attorneys who sponsor Total Bankruptcy offer real advice to real people
Gain the resources to help you to make an educated decision about your legal options by contacting us. You shouldn't hesitate to call (877) 349-1309 for the help you deserve. A sponsoring Arkansas bankruptcy attorney is familiar with the specific state laws and may be able to help you make the right decision. Visit one of these office locations today!
|
Hot Springs
229 Woodbine Hot Springs, AR 71901 Map | Directions Case Evaluation | Coverage |
Jonesboro
603 SW Drive Jonesboro, AR 72401 Map | Directions Case Evaluation | Coverage |
|
|
||
» Back to Locations Map |
||
Chapter 7 or Chapter 13 - Which is better for you?
Under a Chapter 13, also known as a reorganization proceeding, a debtor files a petition to consolidate their debts and with the court devises a payment plan over a period of three to five years. A Chapter 13 is designed for debtors with regular incomes who want to pay their debts but are currently unable to do so. The purpose of Chapter 13 is to enable financially distressed consumers, under court supervision and protection, to propose and carry out a repayment plan under which their creditors are paid over an extended period of time. Any individual with regular income, even if self-employed or operating an unincorporated business, may be eligible for this type of relief.
Click Here For a Free Bankruptcy Evaluation
In a Chapter 7 case, the trustee liquidates all nonexempt assets, although many debtors in Chapter 7 cases don't have any assets that are not exempt, and thus there is no liquidation. At the conclusion of the Chapter 7, the debtor may be freed from many debts, although student loans, taxes, alimony and child support are in most cases not dischargeable.
You are definitely not alone
Whatever your reason for needing help, you are not alone. In 2005, more than 2 million Americans filed for protection from their creditors.