People don't file for bankruptcy in Arkansas without a good reason. Usually something sad has happened; they got laid off or sick or their marriage came apart; a young child may have a serious illness and there was no health insurance to cover medical costs.
Sometimes a single event can ruin a family — a car wreck, a fire or a tornado.
Sometimes people have the best intentions, but they're young or inexperienced and now their credit card bills are just too much for them.
Another big reason for filing bankruptcy is the spate of home equity loans and second mortgages that were popular in recent years. People borrowed against their homes, and then the adjustable rates rose. Now many homeowners have home loan payments that are too large and make it impossible to pay other debts.
Bankrupt presidents:
Did you know four U.S. presidents declared bankruptcy? Well-regarded ones too — Jefferson, Lincoln, Grant and McKinley.
Bankruptcy Can Mean a Second Chance.
At the law offices of Steve Westerfield, bankruptcy is not recommended unless it is deemed the best course of action for that individual or family. When bankruptcy relief is needed, a Chapter 7 or Chapter 13 bankruptcy filing will not only signal the end of many old problems, it will mark a new beginning, a second chance for people who have suffered bad breaks, to rebuild their credit and go on leading productive lives.
Effective Legal Representation in Hot Springs
A good bankruptcy attorney has one goal and that is to help people deal with debt. Also, we want you to know the facts about Chapter 7 and Chapter 13 bankruptcies, and understand how each of these procedures can work for you.
The message of this office is: Don't be embarrassed or intimidated about unpayable debt. Instead, we want you to know that debt problems can be controlled and, often, eliminated.
Our office also offers services in Spanish. Esta oficina ofrece servicios en español.
Talk to us, and we will listen. We treat all our clients as individuals, and we believe that each person's problems are distinct. Together we can solve your debt problems.
Steve Westerfield and his staff understand the worry and stress of debt problems, and they can work to help you obtain the debt relief you need. You are invited to call or e-mail the law office of Steve Westerfield to set up a free initial consultation.
Statutory Notice: The U.S. code defines an attorney that represents debtors in bankruptcy proceedings as a debt relief agency. This office represents debtors in U.S. Bankruptcy court and files petitions for debt relief under the U.S. Bankruptcy Code.