The Brad Hendricks Law Firm in Little Rock, Arkansas, was started in 1990 with one purpose: to serve our clients to the best of our abilities. Since that time we have helped many clients with a wide range of bankruptcy issues. We can help you, too! Contact The Brad Hendricks Law Firm for a free initial consultation in our Little Rock, Arkansas, law offices. You will meet with our experienced, professional chapter 7 bankruptcy attorneys who can answer your questions and help you figure out what to do next. Know that when The Brad Hendricks Law Firm represents you, you can count on us!

 

What is Chapter 7 Bankruptcy?

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Chapter 7 Bankruptcy can eliminate unsecured debt and let you keep exempt property, such as your home, car, furniture, or even a boat that has been financed.

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Debts that can often be discharged with Chapter 7 Bankruptcy in Arkansas include:

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Medical Bills

Credit Card Debt

Unsecured Loans

Judgments/Lawsuits

Tax Penalties and Unpaid Taxes Over 4 Years Old

One of the reasons that many people turn to Chapter 7 Bankruptcy is that you get to eliminate most of your unsecured debt while holding on to large financed assets, including:

Equity in your home or vehicle

Household appliances, furniture, and other items and tools necessary to perform the duties of your job

Most life insurance policies & retirement accounts

Public assistance, Social Security, disability benefits, veterans’ benefits, and unemployment compensation benefits

 

How to File for Chapter 7 Bankruptcy

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While income is one factor that is considered when determining a debtor’s qualification for Chapter 7 bankruptcy, other factors are also considered. Please contact us to set up a free consultation to determine whether you qualify to file for Chapter 7 bankruptcy relief. If you do qualify, you will need to complete credit counseling and will need to submit proof of your income, debts, and tax returns to the bankruptcy court. If you do not qualify for Chapter 7 bankruptcy, Ms. Sullivan will be happy to discuss your options that may include Chapter 13 bankruptcy.

 

How Does Chapter 7 Bankruptcy Work?

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In Chapter 7 Bankruptcy, the debtor who filed for relief is allowed to keep assets up to Arkansas’s exemptions. Any nonexempt assets totaling in excess of Arkansas’s exemption limits are sold to pay off non-exempt debts. The debtor is then granted a discharge of all of their unsecured debt.

 

Ready to File for Chapter 7 Bankruptcy

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Do not let fears of the process or embarrassment about your financial situation keep you from getting the relief you deserve. We are here to help you get a fresh start. Contact us today to set up a free consultation with one of our experienced Little Rock Chapter 7 bankruptcy lawyers.

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If you are struggling with unsecured personal or business debt, let us help you get the relief you deserve. The Little Rock chapter 7 bankruptcy attorneys at The Brad Hendricks Law Firm have over 300 years of combined legal experience and have the resources required to ensure that your family gets a fresh financial start. To schedule a free consultation, contact The Brad Hendricks Law Firm today.