For millions of Americans, Chapter 7 has been life-changing, allowing them to start their financial life over.
If You Are Struggling, You Probably Qualify
A common misconception is that Chapter 7 is available only to a limited few because the laws passed in 2005 made it harder for people to qualify for bankruptcy relief.
The truth is however, most applicants who want to file for Chapter 7 help are indeed eligible for assistance.
Consumer Bankruptcy Is the Heart of Our Practice
Eligibility is determined on a case-by-case basis and depends upon an applicant's income and the value of an applicant's property after deducting the amount of loans owed for the property.
As an example, a family of four with a household income of $57,000 a year or less, a home valued at $80,000 subject to a $40,000 mortgage, and a car, for which payments are being made, is probably eligible for Chapter 7 relief.
We Do All the Paperwork
Our practice is to meet personally with every applicant for an in-depth interview.
While many lawyers have clients fill out numerous forms, we find that by discussing all important facts with our client, we can avoid confusion and misinterpretations, and eliminate delays.
There Is a Malvern Attorney for Credit Card Debt Relief
Once a bankruptcy petition has been filed electronically, creditors are contacted by the Bankruptcy Court and advised that all garnishments and collection efforts must be stopped. A creditor who violates the bankruptcy is subject to stiff fines and penalties.
The Rules of Secured Obligations in Arkansas
Bankruptcy can discharge credit card debts, medical bills and even taxes. However, secured obligations like your car and house will remain undisturbed and in your possession, so long as you are current in your payments.
If you would like to know whether a Chapter 7 or Chapter 13 proceeding would resolve your debt problems, you are invited to call Hot Springs Chapter 7 bankruptcy attorney Steve Westerfield at 501-623-3922 or e-mail him for a free initial consultation.
Our office also offers services in Spanish. Esta oficina ofrece servicios en español.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.