Bankruptcy

Bankruptcy Lawyers with locations in Fayetteville & Little Rock, AR.

Everyone experiences difficult times at some point in life. Financial challenges, whether caused by unexpected expenses, job loss, medical bills, or other circumstances, can happen to anyone. In many cases, financial difficulties can lead to overwhelming debt and make it difficult to regain financial stability.

It is important to remember that financial hardship is not something to be ashamed of. Sometimes, life simply does not go as planned, and circumstances can quickly become difficult to manage. The good news is that financial problems do not have to be permanent. With the right guidance and a clear plan, it is possible to break the cycle of debt and work toward a more stable financial future.

Many financially successful people have experienced significant financial setbacks, including bankruptcy and overwhelming debt. What set them apart was their willingness to take action rather than remain stuck in difficult circumstances. Bankruptcy and other legal debt-relief options can provide individuals with the opportunity to address their financial challenges, regain control of their finances, and move forward with a fresh start.

It’s our goal at ARlaw Partners to help you climb out of your financial rut. We want to be your partners in getting off the treadmill of high interest payments, late fees, and being pursued by creditors, and back on the path to achieving your life goals free of worry.

Our attorneys have extensive experience practicing in the Federal Bankruptcy Courts in Arkansas. In fact, our attorneys have extensive Chapter 7, Chapter 11 & Chapter 13 bankruptcy filings.

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TYPES OF BANKRUPTCY

Chapter 7

The most common type of bankruptcy is a “Chapter 7” bankruptcy. Filing Chapter 7 is a process where dischargeable debt is wiped away for a clean slate. Once all the necessary pleadings are filed and hearings held. Typically, this process only takes about 90 days. Chapter 7 eliminates most debt, with the exception of legally non-dischargeable debt such as taxes and student loans. The Bankruptcy Code even allows people who take advantage of Chapter 7 bankruptcy to keep a certain amount of their own property while ridding themselves of debt – part of our jobs when partnering with clients is to make sure you know what property may or may not be taken before even starting the process of filing.

Chapter 13

Also known as a “reorganization,” a “Chapter 13” bankruptcy is a system where debt is consolidated into one, singular payment made each month for a period of three to five years. While using the Chapter 13 tool can be a longer process, it has great benefits, including possible reduction of interest rates (all the way to 0 percent for certain kinds of debts), possible reduction of the total amount owed on items that have been financed, and elimination of debt just like in a Chapter 7.

Chapter 11

The “Chapter 11” bankruptcy is the type of bankruptcy option used primarily for businesses that have large amounts of unsecured debt and are financially overwhelmed, however, are still operating and viable, and wish to continue operations – just with their debt more organized, restructured and less burdensome.

Why Choose ARlaw Partners for Bankruptcy?

Our experienced bankruptcy attorneys in offer comprehensive guidance on all aspects of bankruptcy law. We understand that every financial situation is unique, and we work closely with you to determine the most suitable bankruptcy option for your needs.

Whether you're facing personal financial challenges or need guidance for your business, ARlaw Partners is here to help you navigate the complexities of bankruptcy.

Serving Arkansas Residents

We’ve helped over 10,000 families across Arkansas find a financial fresh start.

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Law Firm

ARlaw Partners has two convenient offices in Little Rock & Fayetteville, Arkansas.

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Contact ARlaw Partners for all of your bankruptcy and debt relief needs.

Common Financial Issues & Solutions

It’s our goal at ARlaw to help you climb out of your financial rut. We want to be your partners in getting off the treadmill of high interest payments, late fees, and being pursued by creditors, and back on the path to achieving your life goals free of worry.

I have more credit card debt than I can ever repay

With high interest rates and often-changing terms, it is very easy to get overwhelmed by credit card debt. Fortunately, for those who qualify, credit card debt is completely dischargable in Chapter 7 bankruptcy and can be reorganized into affordable monthly payments with 0% interest in Chapter 13 bankruptcy.

I am behind on payments for something financed that I need to keep

If you got behind on payments during a rough patch and things are looking up but your lender isn’t working with you, we can help. We can reorganize the loan and have the amount you’re behind be paid off over time instead of all at once.

I am behind on my taxes

Tax troubles can invade every area of your life. Penalties and interest can make it seem that you’ll never be able to get out from under Uncle Sam’s thumb. Fortunately, the law provides a system where federal tax debt can be paid without penalties and at 0% interest.

I owe more on my car than it is worth

Depreciation and high interest rates make it easy to get in a tough spot with car ownership. In almost all situations, we can force a reorganization of the car debt in order to lower both the interest rate and payment. In certain circumstances, we can actually lower the amount you owe on the car to its actual NADA book value. If you no longer want the car, we can send it back to the creditor and you can walk away from the debt as well.

I am worried that bankruptcy will ruin my ability to get credit

This concern is, for the most part, something that most people should not worry about. Odds are, if you have missed some payments or have been turned over to a collection agency, bankruptcy will not hurt your credit score. And while it is true that a bankruptcy is reported on a credit report for seven to ten years depending on the type that is filed, its actual affect on the score is a much shorter period – typically less than two years, depending on circumstances.

Get Started and Take Action Now

If you're facing financial hardship, it's important to take action. Contact ARlaw Partners today to schedule a consultation and discuss your bankruptcy options with our experienced team. We're here to help you find a path to financial recovery and a brighter future.

Don't let financial stress hold you back. Reach out to ARlaw Partners in Fayetteville, AR, and let us guide you through the bankruptcy process with care and expertise.

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These client testimonials are actual comments. We strive to represent our clients with prompt, knowledgeable and caring service. We hope to receive similar positive comments from your experience with our law firm.

TESTIMONIALS

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Terry Silva Sr

Our attorney Katie Freeman was very honest, helpful, and very informative about our adoption. She took very good care of us and was always prepared for the next step. I highly recommend this Law Firm for all your family needs. Thank you so much for your help.