Fort Smith, AR Bankruptcy Attorneys

 


LEADING ARKANSAS & OKLAHOMA BANKRUPTCY ATTORNEYS

Are you drowning in debt?

Do you avoid opening your mail?
Do you ignore calls from an unknown caller out of fear it will be a bill collector?
If you answered yes to these questions, bankruptcy may be a solution for you. Let our experienced bankruptcy attorneys develop a reorganization plan to help get you back on track.

Generally, there are two main types of bankruptcy applicable to individuals. Which one will work the best for you depends on your overall financial situation and the type of debt you have. Bankruptcy law is complicated. Don’t go through it alone.

General Bankruptcy Law

Generally, there are two main types of bankruptcy applicable to individuals. Which one will work the best for you depends on your overall financial situation and the type of debt you have.

    • Chapter 7 Bankruptcy
    • Chapter 13 Bankruptcy

Contact us Today for Help, You’ll be Glad You Did.

Caddell Reynolds has been serving Arkansas & Oklahoma clients for many years. Our experienced Fort Smith bankruptcy attorneys are dedicated to finding solutions to problems for our clients. We want you to gain a fresh start in life, free of overwhelming debt. Contact us at one of our offices near you for a free consultation.

Fort Smith is the second largest city in Arkansas. It is located in Sebastian County, and is one of two county seats for the county. It is also the principal city for the Fort Smith, Arkansas-Oklahoma Metropolitan Statistical Area. Fort Smith contains a population of 86,209 people. Fort Smith has a prime location on the Arkansas and Oklahoma border.

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 the protect and serve moral to the citizens of Fort Smith.

Sebastian County Clerk – The Sebastian County Clerk is the official bookkeeper for the county. In addition to the roles of bookkeeper, the county clerk also include secretarial duties, voter registration, and issue or marriage licenses and recorder of mortgage deeds.

 

Bankruptcy: Separating Myth from Fact

Bankruptcy laws are complicated. To make matters worse, a great deal of speculation, rumor, and misinformation surround the process of filing a bankruptcy claim.

To help provide clarity—and assist those who may be considering filing for bankruptcy—Caddell Reynolds has recently published an educational infographic.

null

null

This useful reference dispels the myths about bankruptcy—including the long-held misconception that it is a sign of financial failure—and that those who file will be financially ruined forever. In fact, a bankruptcy filing can take many forms, including:

  • Chapter 7: This type of bankruptcy will relieve filers of most of their debts with a few exceptions—including 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 secure additional time to meet their debt obligations—and to reorganize 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—in their ordinary course of business—cut timber.
  • Chapter 13: This type of bankruptcy is for those with enough income to continue making payments who have fallen behind. It provides a chance to reorganize debts over time—and may see debts discharged.

Caddell Reynolds hopes the real facts will help potential filers better understand their options—and offers advice to help those who have already filed get back on track more quickly, including:

  • Control Your Spending Wisely: If you do not control your personal and household spending carefully, you could end up right where you started.
  • Open a Low-Limit Credit Card: Even in the middle of a bankruptcy, it can be easier than you might think to obtain a low-limit, secured credit card.
  • Make Credit Payments On Time: Making timely payments is vital to rebuilding a credit history, while missing payments will dig the hole deeper.

We Can Help.

If you are considering bankruptcy proceedings, call Caddell Reynolds for help at 800-671-4100. When you call, you’ll speak with one of our top Arkansas Bankruptcy Attorneys absolutely FREE.

Caddell Reynolds will be by your side every step of the way. Call us for your Free Legal Consultation at 800-671-4100 today. We have offices conveniently located throughout Arkansas to better serve you.

Caddell Reynolds. Make the right call!