Coronavirus has caused a number of once-solvent businesses to shift towards bankruptcy due to severe revenue loss. The Little Rock area is no exception: hospitality, retail and travel-related businesses may need to consider alternative debt repayment options to stay afloat.
Chapter 13 Bankruptcy can be a viable solution for those looking to restructure personal debt while keeping their home, automobile or other important property. However, it’s important to consider the broader ramifications before filing the petition. Speaking with a qualified bankruptcy attorney can help you make the right decision.