There are many life events that can put a family into a difficult financial situation, including an illness in the family, the loss of a job and a reduced income. Regardless of the reasons behind your struggles or the total amount of debt, the small town law firm with big city results is here to help you get a fresh start in life.
Contact us toll free at 800-898-4432 to arrange a free one-hour consultation.
The Cooper Law Firm, P.A., is devoted to the belief that everyone deserves to be treated with courtesy and respect. We are committed to helping you understand the legal options available to you so that you can make an informed decision. As your lawyer, our firm will take the time to examine the details of your financial situation and explain your choices. After taking into consideration both your current situation and your future goals, we will provide a recommendation for the debt relief option. If you choose to pursue bankruptcy, we will handle the entire process.
Chapter 13 Bankruptcy
Chapter 13 provides provisions for bringing a mortgage or a car loan up to date. This can be an advantage when there are many assets that need to be protected from creditors. When the court becomes involved in debt liquidation, the assets are evaluated and may be sold to cover a portion of what is owed. It is important to discuss those assets that you need to protect early in the bankruptcy process so that the issue can be properly addressed before it is too late.
- Amount of debt discharged — Many people believe that there is a minimum amount of debt that is required before it is possible to declare bankruptcy. This is not true. The only thing that matters is whether or not you are able to make payments on the debts that you have.
- Medical bills and bankruptcy — Medical bills can build up quickly, particularly when you have a serious illness in the family without sufficient medical insurance to cover the cost. Discharging only your medical bills through a special "medical bankruptcy" is not an option. All unsecured debts, including medical bills are discharged at the same time through either Chapter 7 or Chapter 13.
- Non-dischargeable debts — In general, any debt guaranteed by or owed to the federal government cannot be discharged through bankruptcy, including student loans, child support and criminal fines. However, there are special circumstances that may create a special exception for specific debts. As your lawyer, I will go over the details of your situation and determine what options are available to you.
Experienced Benton Debt Repayment Plan Attorney
From our offices in Bryant, Arkansas, the Cooper Law Firm, P.A., represents clients throughout central Arkansas. Contact us toll free at 800-898-4432 to arrange a free one-hour initial consultation with an experienced Bryant Chapter 13 bankruptcy attorney.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
