Have you been wondering what bankruptcy is and if you need to file for Arkansas bankruptcy?
Arkansas bankruptcy is a process that we hope you never have to walk through, yet in the event you do, we want to give you the best tools and information you need to get a fresh start.
What is the difference between a Chapter 7 and a Chapter 13 Bankruptcy?
Chapter 7 Bankruptcy
A Chapter 7 Bankruptcy in Arkansas is straight bankruptcy liquidation, meaning what you classically think about bankruptcy – you file for bankruptcy, and most if not all of your debts are forgiven, and most people get to keep all of their belongings too!
Chapter 13 Bankruptcy
A Chapter 13 Bankruptcy in Arkansas is different than a Chapter 7 Bankruptcy in that rather than selling nonexempt assets to pay creditors, payments are made through a Chapter 13 Bankruptcy Plan to the bankruptcy trustee over a three to five-year period, and you get to keep all of your belongings.
The Story Law Firm wants to help you walk through the complex process of bankruptcy in a way that helps you understand the law and the steps that need to be taken. We will help you decide if you need to file a Chapter 7 Bankruptcy or a Chapter 13 Bankruptcy. We also offer a free consultation on bankruptcy to help you evaluate your options and make the best decision. We can help stop creditor phone calls, foreclosures, and garnishments.
Bankruptcy is a process that must be thoroughly thought through and evaluated before any action is taken, so the sooner you talk to us, the better your outcome can be.
We want to help you get the fresh start you deserve by giving you the necessary tools and counsel to make an informed decision. We want to help you walk through this process in a way that will help you understand the steps that are being taken and how they will impact your future.
Here at the Story Law Firm, PLLC, we specialize in all areas of bankruptcy, but unlike some bankruptcy attorneys, we will tell you when your case is not right for bankruptcy and a debt workout is in order instead. We have a special heart for helping individuals and businesses through the difficult process of working through your debt. Our dedicated Arkansas Bankruptcy Attorneys are here to help you. We have same day appointments available because we know you have questions and need to talk to someone quickly. Please call our office at (479) 443-3700 and start on the path to a new beginning with experienced Arkansas Bankruptcy Lawyers at the Story Law Firm, PLLC.
We have a video coming soon for more information about Arkansas Bankruptcy and Chapter 7 and Chapter 13 Bankruptcies.