Established Little Rock Bankruptcy Attorney Can Help with Your Debt
If you are in debt and considering bankruptcy, our knowledgeable attorney lets you know your options
Whether you are an individual or married couple overwhelmed with personal debt — or a business owner in need of reorganizing your business debt — at The Henry Firm, P.A. our team of professionals is well-versed in Arkansas bankruptcy law and can help stop creditors, repossessions and foreclosures. If you are considering bankruptcy, our Little Rock bankruptcy team is on hand to help you get out from under your debts.
Bankruptcy for reorganizing your business
If you are considering bankruptcy under Chapter 11, you should find an Arkansas bankruptcy attorney. At The Henry Firm, P.A., we know that tough economic times can affect the financial health of your business. We help business owners reorganize finances and determine if bankruptcy is right for you.
Arkansas personal debt relief and repayment planning
Financial disaster can strike anyone. We can help you restructure your personal finances to stop creditor harassment, garnishing of wages, repossession or foreclosure.
Under Arkansas bankruptcy law, you can protect some of your property from creditors under Chapter 7 or Chapter 13 bankruptcy protection by applying for either state exemptions or federal exemptions, but not both.
Arkansas exemptions include:
- Arkansas homestead exemption — There are different exemptions depending on whether you are married or single.
- Arkansas motor vehicle exemption —Under federal bankruptcy law, you can exempt up to $3,450 in car equity. If you apply for Arkansas bankruptcy exemptions, you can exempt only $1,200 of your vehicle’s equity from your creditors.
- Personal property exemptions — This includes wedding rings, tools of your trade (up to $750), burial plots and prepaid funeral trusts.
- Pension exemptions — This includes the pensions of state police officers, municipal police, firefighters, school employees and others.
There are some debts, however, that you will still be responsible for paying, such as student loans.
Arkansas debt liquidation and repayment planning
If you are in a financial crisis and you fail to meet the requirements of Chapter 7 bankruptcy, you may want to consider Chapter 13 debt liquidation. At The Henry Firm, P.A., we are well versed in Arkansas bankruptcy law, and our bankruptcy attorney can help you determine if personal bankruptcy is right for you.
If you are considering bankruptcy in Arkansas, call for your free consultation
If you want a lawyer who will handle your case with integrity, call The Henry Firm, P.A. of Little Rock. We are on hand to answer your questions. Don’t let financial hardship overwhelm you. Call 866-473-9396 or contact us online today. We provide free consultations for bankruptcy clients.