Arkansas, Little Rock, El Dorado Chapter 13 Bankruptcy Attorneys
Sometimes referred to as a debt restructuring bankruptcy, Chapter 13 bankruptcy allows people struggling with debt the opportunity to get back on strong financial footing and gain a fresh start.
If retained as your bankruptcy attorney, we would file on your behalf a three- to five-year Chapter 13 debt repayment plan with a bankruptcy court. If approved, your Chapter 13 plan would provide numerous benefits. Through a Chapter 13 bankruptcy, you may be able to:
- Stop a home foreclosure
- Stop wage garnishments
- Stop creditor harassment
- Stop an auto repossession
- Discharge a portion of your debts (sometimes a very significant portion)
Visit our bankruptcy information page to learn more, or contact Clark, Byarlay & Sparks today to schedule an appointment with an experienced bankruptcy lawyer at our firm.
Stop Home Foreclosure, Wage Garnishments, Auto Repossession
Many people have used Chapter 13 bankruptcy to stop a home foreclosure, wage garnishment or auto repossession. From the moment you file for Chapter 13 bankruptcy (or Chapter 7 bankruptcy), an automatic stay goes into effect that temporarily halts most creditors from taking any further collection activity. The automatic stay gives you time to proceed with your bankruptcy case and pursue debt relief.
The automatic stay can put a halt to home foreclosure, auto repossession, many types of wage garnishment, harassing collection calls, and even the collection of certain judgment debts.
Additional Benefits of Chapter 13 Bankruptcy
Depending on the debt owed on your vehicle and the age of your auto loan, you may be able to take advantage of cram-down provisions in the bankruptcy code that may allow you to discharge a portion of your auto loan debt. In limited circumstances, debtors may be able to strip a second home mortgage lien through a Chapter 13 bankruptcy. We are pleased to discuss these and other potential benefits of Chapter 13 bankruptcy at your initial consultation.
Contact Our Little Rock Chapter 13 Bankruptcy Attorneys
If you need to speak with an attorney about bankruptcy, contact Clark, Byarlay & Sparks. To better serve our clients, we now have office locations in Little Rock and Marianna. Call 501-859-0318 for assistance or contact us by e-mail.
