What is Chapter 13 Bankruptcy in Arkansas

Chapter 13 Bankruptcy in Arkansas

Financial hardships can strike any person at any given moment in time leading you to consider a Chapter 13 Bankruptcy. Common cases we see stem from divorce, unexpected unemployment, sudden and exorbitant medical expenses or a number of other causes each unique. These hardships can quickly drain your cash reserves and become a drain, not only to your finances, but also your mental well-being. If you find yourself overwhelmed with debt, but you want to repay it over time while saving your assets and home, it’s time to seek the legal expertise of The Flynn Law Firm.

Filing a Chapter 13 bankruptcy will give you the opportunity to restructure and pay debts over a 3-5 year time period that will allow you to keep your home and vehicles.

Bankruptcy is not the only option available for for debt relief, but it is a powerful tool that can be utilized in a variety of circumstances. Chapter 13 bankruptcy is designed to grant you a fresh opportunity to repay your debts. Seeking the counsel of an experienced bankruptcy attorney allows you to understand the options that may be available to you.

The Flynn Law Firm can answer your questions and guide you through the entire bankruptcy process. We recommend giving us a call to schedule a one on one, private consultation to discuss the pros and cons of Chapter 13 Bankruptcy filings in regards to your unique situation, however, we have a chart to help you better understand the differences in Chapter 7 vs Chapter 13 filings.

We have offices in Cabot, Arkansas that serve the needs of those who desire debt relief in the form of a Chapter 13 bankruptcy. We can provide you with the information you need, including Arkansas state exemptions. Before you make a decision regarding your bankruptcy declaration, get the facts from an experienced Chapter 13 bankruptcy attorney. Attorney John Flynn has more than 15 years of experience with bankruptcy law, having filed thousands of bankruptcies and helped numerous people and their families gain a fresh financial start. We can help you, too.