FORT SMITH BANKRUPTCY LAWYER

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Need a Fresh Start? Let an Arkansas Bankruptcy Attorney at Caddell Reynolds Help

If you are drowning in debt, avoiding your phone and mail, and worried there are bill collectors lurking around every corner, Bankruptcy may be a solution for you. Our experienced Bankruptcy attorneys in Arkansas can help you develop a reorganization plan to get your finances back on track.

We can explain the two main types of Bankruptcy available to individuals – Chapter 7 and Chapter 13. We’ll learn all about your situation and advise which one will work best for you. Generally, this decision depends on your overall financial circumstances and the type of debt you have.

BANKRUPTCY LAW IS COMPLICATED AND CAN BE CONFUSING. DON’T FACE THE BANKRUPTCY PROCESS ALONE. CONTACT THE SKILLED FORT SMITH BANKRUPTCY ATTORNEYS AT CADDELL REYNOLDS LAW FIRM TO SCHEDULE A FREE CONSULTATION.

Types of Bankruptcy

Bankruptcy laws are complicated. To make matters worse, a great deal of speculation, rumor, and misinformation surround the process of filing a Bankruptcy claim. For example, many people believe the common misconception that Bankruptcy is a sign of money mismanagement or financial failure.

Most people also think those who file for Bankruptcy will be financially ruined forever. Let’s dispel these rumors with some facts about filing for Bankruptcy in Arkansas.

A Bankruptcy filing can take many forms, including:

• Chapter 7: This type of Bankruptcy will relieve individuals of most of their debts with a few exceptions. Common debts that may not be discharged in Chapter 7 cases include taxes, some student loans, and domestic support obligations such as alimony or child support.
• Chapter 11: This type of Bankruptcy is a way for viable businesses to receive additional time to meet their debt obligations and reorganize their debts and contracts under the supervision of the Bankruptcy Court.
• Chapter 12: This type of Bankruptcy is designed for family farmers and family fishermen with a seasonal income structure. It may also include individuals who cut timber in their ordinary course of business.
• Chapter 13: This form of Bankruptcy is for people who have fallen behind on their debt payments but have enough income to make payments over time. With the protection of the Bankruptcy Court, these debtors are provided a chance to gradually reorganize debts and may even see debts paid in full or discharged.

The Arkansas Bankruptcy Attorneys at Caddell Reynolds Law Firm help potential Bankruptcy filers better understand their options before they file. We can also offer advice to help those who have already filed but are facing challenges meeting their obligations get back on track more quickly.

Our team can assist you during a Bankruptcy in many ways, including:

• Helping you spend wisely: If you do not carefully control your personal and household spending, you could end up right where you started.
• Helping you open a low-limit credit card: Even in the middle of an Arkansas Bankruptcy, obtaining a low-limit, secured credit card can be easier than you might think. This is one of the first ways you can start rebuilding your credit history.
• Helping you make credit payments on time: Making timely payments is vital to rebuilding your credit history. Meanwhile, missing payments will dig you deeper into a financial hole.

Fort Smith Legal Resources:

• Arkansas Bar Association – The ArkBar represents its members’ interests, provides money-saving services, promotes the profession, and alerts members to the issues created by proposed legislation that affect their law practice.
• Fort Smith Police Department – The Fort Smith Police Department is dedicated to protecting and serving the citizens of Fort Smith.
• Sebastian County Clerk – The Sebastian County Clerk is the official bookkeeper for the county. In addition to managing important financial documents, the county clerk also performs secretarial duties, handles voter registration, issues marriage licenses, and records mortgage deeds.

When You Need a Bankruptcy Attorney in Arkansas, Our Fort Smith Bankruptcy Lawyers Can Help

If you are considering Bankruptcy proceedings, call Caddell Reynolds Law Firm at 800-671-4100 or fill out our online contact form. Unlike many Bankruptcy law firms, when you call us, you’ll speak with one of our top attorneys absolutely FREE. Find out if Bankruptcy is a good solution for your financial issues.

Caddell Reynolds Law Firm – Fort Smith Main Office

122 N 11th St, Fort Smith, AR 72901
P: (479) 244-2607

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