Leading Bankruptcy Attorneys Arkansas & Oklahoma
Make The Right Call!
The Attorneys to Turn to for Bankruptcy Help in Arkansas and Oklahoma
If you are drowning in debt and avoid opening your mail, or if you never answer a call from an unknown caller out of fear it will be a bill collector, bankruptcy may be a solution for you. Caddell Reynolds is here in Arkansas and Oklahoma to give you wise counsel for your specific situation.
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.
Bankruptcy law is complicated, but you don’t have to go through it alone. That’s why we are in business—to help the people of Arkansas through the difficult times so you can move on to the good things in life.
Chapter 7 Bankruptcy
This is sometimes referred to as the “fresh start” bankruptcy. In order to qualify, your income must be no more than the median income of others in the state. Debts that will be discharged include:
- Past due rent and utility bills
- Unsecured credit card debt
- Medical bills
- Delinquent taxes more than three years old
Debts you will still owe at the close of the proceedings include:
- Student loans
- Taxes incurred within the last three years
- Past due child support and alimony
- Any court-imposed fines or judgments
If you have a mortgage or a car loan and want to keep your house or vehicle, you will need to continue making those payments.
If you have enough income to continue making your payments but have gotten behind and need a chance to catch up, this chapter allows you to reorganize your financial life. You can pay your past-due debts over a three- to five-year period. If you comply with the terms of your repayment plan, remaining debts may be discharged.
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.
Call Caddell Reynolds Arkansas bankruptcy lawyers for a Free Legal Consultation at 800-671-4100, or contact us by filling out the Free Consultation Form below.
Contact us Today for Help, You’ll be Glad You Did.
Caddell Reynolds has been serving Arkansas & Oklahoma clients for many years. Our experienced 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. We have four offices conveniently located to serve you in Jonesboro, Fort Smith, Fayetteville and Rogers. Contact us at one of our offices near you for a consultation.
If you have questions about how Bankruptcy can help you, call the experienced bankruptcy lawyers at Caddell Reynolds at 800-671-4100. When you call, you’ll speak with one of our top Arkansas bankruptcy attorneys absolutely FREE.
We offer free phone consultations. Free office consultations.
Caddell Reynolds. Make The Right Call!