Bankruptcy Attorney Little Rock
Bankruptcy Attorneys You Can Count On; Serving Little Rock and the State of Arkansas
The Brad Hendricks Law Firm bankruptcy team knows that “bankruptcy” is a scary word-something to be avoided at all costs. Life often throws curve balls-some of them financial-which lead to the inevitable question: Do I need to file bankruptcy?
If you have suffered a job loss or change in income, have insurmountable medical bills, are facing foreclosure, or have experienced the loss of household income that often comes from death or divorce, The Brad Hendricks Law Firm may have a solution for you.
The Brad Hendricks Law Firm bankruptcy team is available to help explain the answers to questions you might have about your financial difficulties, to outline your alternatives, and to help implement a plan that works for you and your family. Whether you need a fresh start in your financial affairs, have lost your job or have undergone an income reduction, or are stuck paying high-interest credit cards that make it impossible to get ahead, we can help. Perhaps you have creditors calling you at all hours, leaving you feeling hopeless. Regardless of your circumstances, whether you have no property and have only credit card debts, or whether you have complicated debts that include property and many assets, our bankruptcy lawyer, Caroline Lewis, and the experienced bankruptcy team of experienced bankruptcy paralegals are ready to help. When you need protection for your home, automobile, or other property, regardless of your location in the State of Arkansas, and you are trying to choose from many Arkansas bankruptcy attorneys, let our firm be your first, and last, call for help.
At The Brad Hendricks Law Firm, we will help you find the solution that is right for you, whether it is a Chapter 7 or Chapter 13 bankruptcy case.
A Chapter 7 bankruptcy case may be thought of as the “short-and-sweet” version of bankruptcy. If you qualify for a Chapter 7 case, you could very well keep all the property you already own or have an interest in, such as your home, car, retirement accounts, and furniture. Your debts would be wiped away, except for those debts you intend to continue paying, such as your mortgage and car note. Qualifying for Chapter 7 is based on a calculation that looks at your income and your expenses, but it is not based solely on your income. You need an experienced bankruptcy attorney to help you determine whether you qualify and whether Chapter 7 is right for you.
If you are behind on payments for property you want to keep, such as your mortgage or a car note, Chapter 13 may be a better option for you. A Chapter 13 bankruptcy case is referred to as “reorganization” and is very different from a Chapter 7 case. To qualify for a Chapter 13 bankruptcy case, you must have a regular source of income. From that income, you will be required to make monthly payments to a Chapter 13 trustee. Your Chapter 13 plan that is filed on your behalf sets forth how the trustee should apply those payments toward your debt. The trustee will follow the plan and pay the creditors as indicated. You are protected from your creditors so long as you make all the payments required by your plan. A reorganization case may last up to 60 months to allow you to catch up or pay off your debts. You may be able to get rid of some or all of your unsecured debts, such as credit cards or medical bills. Chapter 13 can stop a pending foreclosure or garnishment of your wages.
Everyone’s financial situation is unique and that is why you need an experienced bankruptcy attorney to help you determine the best way to move forward in dealing with your unique situation.
When you call The Brad Hendricks Law Firm for a free bankruptcy consultation, a member of our bankruptcy team will evaluate your financial status and discuss whether Chapter 7 or Chapter 13 bankruptcy is right for you. We will explain the differences between various types of creditors and will diligently work to ensure that your bankruptcy goes smoothly, with as little disruption to your life as possible. We review every bankruptcy petition to ensure accuracy and compliance with the United States Bankruptcy Code, which is complex and changes frequently. If necessary, we may be able to file your case the same day as your consultation.
What Should You Bring for Your Free Consultation With Our Bankruptcy Lawyers?
Generally speaking, it is helpful if you bring copies of your tax returns, bank statements, check stubs, bills, and home and automobile insurance information, as well as pleadings from lawsuits that may have been filed against you, when you meet with a bankruptcy lawyer from The Brad Hendricks Law Firm. Because each case is unique, we may request additional documentation, if necessary.
If you do not have these documents, please call our office, anyway. We can help you obtain the information that you might not have in your possession.
We know that you have a choice of many lawyers to help you and your family, and we are grateful for the opportunity to serve you. When you count on The Brad Hendricks Law Firm for your bankruptcy needs, or for any other legal matter you may be facing in your personal or professional life, you can have absolute confidence that you are not just a file or case number to us. You are a valued part of who we are as attorneys, and why we have devoted our lives to helping others at difficult times in their lives.
Please call us at (501) 221-0444 or toll-free at (800) 603-5100 or email our firm today to schedule a FREE CONSULTATION with experienced, professional Little Rock, Arkansas bankruptcy lawyers you can count on.