Share:

When people are facing piles of large debts with little hope of whittling them down, what should they do? For answers, Arkansas residents turn to Bueker Law Firm in Stuttgart. Firm founder and bankruptcy attorney at law Jeremy Bueker helps individuals decide whether their best option for debt relief is filing a bankruptcy petition.

These are factors to look at when considering bankruptcy:

  • Your Type of Debt: If most of your debts are large credit card bills, medical bills, and unsecured personal loans, Chapter 7 bankruptcy may be your best option. A bankruptcy discharge does not wipe out all types of debt; you cannot discharge back taxes, spousal and child support, and personal injury judgments. Except in rare cases, student loan debts can’t be discharged, either.
  • bankruptcy-Stuttgart-ARPending Foreclosure or Repossession: Filing bankruptcy stops all collection actions, including foreclosures and repossessions. If you have an income and want to save your home from foreclosure or your car from repossession, Chapter 13 bankruptcy may be the right choice, giving you time to catch up on payments. 
  • Property You Want to Keep: Bankruptcy laws allow you exemptions to keep certain property, such as your home, car, clothing, and jewelry. Bankruptcy trustees have the power to sell your assets worth more than the exemptions, or nonexempt property, such as a vacation home or rental property. They use the sale proceeds to pay your creditors.

At Bueker Law Firm, the bankruptcy attorneys spend time to find out what your needs and goals are, to advise you on the debt relief option that’s best for you. These devoted lawyers offer more than 14 years of experience and advocacy, coupled with compassion, to work effectively toward resolving your financial crisis.

To decide whether bankruptcy is right for you, contact Bueker Law Firm in Stuttgart, AR, today. Visit their website for more about the bankruptcy services they offer, and call (870) 673-1313 to schedule your consultation.

tracking