Move forward in your bankruptcy case with help from Brady Law. Serving individuals and businesses in Springdale, AR, along with all of northwest Arkansas and the river valley, our bankruptcy lawyer has many years of experience handling Chapter 7, 11, 12, and 13 cases, and can help protect you from creditor harassment, halt foreclosures, and reorganize debt.
Contact our office today to schedule your free consultation with our bankruptcy lawyer.
Over 95% of people who contact our law firm fall under Chapter 7 or Chapter 13 bankruptcy. Chapter 7 provides for liquidation of the debtor's non-exempt assets, and Chapter 13 provides for bankruptcy of an individual with a regular income, which is used to make a payment plan to pay debts, usually within three to five years.
The goal of both Chapter 7 and Chapter 13 bankruptcy is a discharge of debts. The main differences fall in the eligibility requirements, the length of time it takes, whether you need to repay your debts, and how much of your property you can keep. Our bankruptcy lawyer is experienced in both of these areas, and will guide you every step of the way.
Brady Law also handles Chapter 11 and Chapter 12 bankruptcy cases. Chapter 11 provides for a supervised reorganization of a business, and in certain cases for individuals, and allows the debtor to maintain the business while implementing a payment plan confirmed by the court. Mr. Brady has filed nearly 50 Chapter 11 cases for individuals. Chapter 12 contains bankruptcy provisions applicable to family farmers.
Before scheduling your free consultation at our bankruptcy law firm, be sure to read over our FAQ.
Q: Should I file for bankruptcy?
Since it can adversely affect your credit, bankruptcy should be considered a last resort. Pressing reasons to file for bankruptcy include multiple wage garnishments, a creditors' threat to repossess property that is important to you, or delaying foreclosure.
In general, bankruptcy is complex and can be confusing. It’s always a good idea to consult a bankruptcy lawyer about your particular circumstances.
Q: Is there a certain amount of debt to qualify for bankruptcy?
There is no minimum amount of debt to qualify for bankruptcy. However, certain debt limits apply to Chapter 13 bankruptcy. If your debt amount is relatively low, it may be a good idea to consider alternatives to bankruptcy now so that filing for bankruptcy remains an option for you in the future.
Q: Do I have to be a certain age to file for bankruptcy?
There is no age limit for people who file for bankruptcy. In some states, debtors may have to be at least 18-years-old.
Q: Do I need a lawyer to file for bankruptcy or can I file on my own?
It is certainly possible for an individual to file for bankruptcy without a (or "pro se"). However, the rules and procedures governing the bankruptcy discharge process are extremely complex, and it can therefore be very beneficial to hire an attorney with experience in bankruptcy law.
Whether you’re an individual or a business owner, Brady Law is here to help. Contact our firm today to schedule your free consultation with our bankruptcy lawyer, or click here to download our complete FAQ list.
807 S West End St | Springdale, AR 72764
Phone: (479) 935-2632
This website is for informational purposes only. Using this site or communicating with Brady Law through this site does not form an attorney/client relationship.
*Brady Law will always provide comprehensive legal representation, but cannot guarantee any potential outcome. Past successful settlements were based on a wide variety of factors; any mention of past successful cases on this website is for advertising purposes only and should not be construed as a promise or guarantee of any specific outcome.