Debt can happen to anyone. Sometimes a sudden crisis like a job loss, illness or injury, or a family crisis throws you into debt. Sometimes debt builds slowly over time until one day, you realize you can’t find your way out. Too many people struggle for too long out of pride or embarrassment—but that only allows the problem to get worse.
At the Lambert & Perry Law Firm, our Little Rock bankruptcy attorneys help hardworking people throughout Arkansas restructure or eliminate debt. Our entire practice is devoted to Chapter 13 and Chapter 7 bankruptcy. The government created those options because people need—and deserve—help to get back on track financially. We put those tools into action for you.
As soon as we do, calls from creditors stop, car repossessions and home foreclosures are halted, and you’re protected from garnishments. When the bankruptcy process is over, most kinds of debt, including medical and credit card debt, are wiped out.
Don’t let your financial past hold you back. Let us help you rebuild your financial future.
We suggest starting by looking at the types of financial problems bankruptcy can address and how many of those you are currently facing. These include:
If you are facing one or more of these financial problems but are not sure what bankruptcy can do for you, fill out our contact form and we will be in touch to discuss your options. We offer free consultations with our bankruptcy attorneys so we can help you find the best solution to your financial trouble.
Bankruptcy will not necessarily ruin your credit, especially in the long run. A bankruptcy filing will be reported on your credit history for seven (7) to ten (10) years. Its impact, while generally negative, will depend on a few factors, including the time frame (short vs long term), how high or low your credit score was when you filed, whether you receive a discharge in your bankruptcy, and what you do to rebuild your credit after you receive your discharge.
In the short term, a bankruptcy filing will have a more negative impact on your credit than in the long term, especially after the bankruptcy is no longer reported on your credit history.
Typically, your payments will start the month after you file for bankruptcy. You should receive an Order to Pay from the trustee that has your payment amount. Your payment is due by the 22nd of every month so that the trustee has time to process it before the end of the month. This does not mean that you must wait until the 22nd, however. You can make the payment any time between the 1st of the month and the 22nd of the month.
You will receive a letter, shortly after your case is filed, that includes the name of the trustee assigned to your case and the date and time of your meeting.
You will receive a letter, shortly after your case is filed, with the time and date of the meeting. Right now, due to the Covid-19 Pandemic, meetings are being held by phone and your letter will include that telephone number and access code.
Your meeting with the trustee will usually consist of a few standard questions under oath with your attorney present. Most meetings only take a few minutes. Most trustees require a few basic documents regarding identification and income prior to the meeting. We will help you get these documents to the trustee.
Disclaimer: We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
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