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Chapter 7 Bankruptcy |
Many families look for a Chapter 7 bankruptcy to get a clean start. Many people think of Chapter 7 as
a total liquidation bankruptcy but that does not mean that you will lose your home, your car, your savings,
or any other of your property. However, a Chapter 7 bankruptcy can be risky and our experienced bankruptcy
attorneys can help decide if this chapter is right for you.
A Chapter 7 bankruptcy is most common for someone who does not have much property or possessions and is
not late on a car payment or a house payment. To qualify to file a Chapter 7, your income must be less
than the average, or median, income in your area. If you are late on your payments or you think your income
might be higher than the average, a Chapter 13 bankruptcy might be right for you.
A Chapter 7 bankruptcy is usually very quick. In many cases, your attorney will have your bankruptcy finished
in as little as four months and you will be off to your fresh start.
Because a Chapter 7 bankruptcy is so quick, all of the attorney fee and filing fees and costs have to be
paid before your lawyer can file your case. If the amount of money needed to file is a challenge, you might
qualify to file a Chapter 13 bankruptcy first, and later change to a Chapter 7 bankruptcy. Usually, only
the filing fees and costs have to be paid before a Chapter 13 is filed and this can sometimes mean that your
attorney can file your case faster. Call our bankruptcy lawyers today for a free first visit to find out
how bankruptcy can help you |
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Free 1st Visit - Payment Plans
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From offices in Fayetteville, Springdale, Arkansas and Rogers,
Arkansas, the lawyers of Jack & Holly Martin & Associates, Attorneys at Law, P.A. represent
people in towns and counties throughout Northwest Arkansas, serving
the people of Washington County, Benton County, Madison County, and Carroll County. We work in communities
such as Fayetteville, Springdale, Rogers, Bentonville, Bella Vista, Garfield, Pea Ridge, Lowell, Farmington,
Berryville, Eureka Springs, and Harrison.
1-800-864-0618
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Copyright © 2001 -
2012
by Jack and Holly Martin & Associates, Attorneys
at Law, P.A. All rights reserved. You may reproduce materials available at this site for your own personal use
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