Bankruptcy Law in Little Rock

Smart and Professional Bankruptcy Law Helping Little Rock Clients Rebuild

When you’re facing significant financial troubles, it can feel like drowning in a pool of difficult decisions and processes. Although it’s often the last resort, it can be the first step in rebuilding your finances. For trusted and effective legal guidance, reach out to the knowledgeable and compassionate bankruptcy attorneys at Natural State Law, PLLC. We’ll listen carefully while offering guidance towards a proper legal approach that will help you achieve your goals.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy often allows you to receive a clean financial slate, blocking any creditors from garnishing your wages or hounding you for money. However, it also makes it difficult to hold on to any non-exempt property.

Chapter 13 Bankruptcy

Although it’s a much longer process, a Chapter 13 filing allows you to gradually repay the money you owe while retaining ownership over your property. We can help advocate for the best plan for you.

Chapter 11 Bankruptcy

Chapter 11 bankruptcy focuses on reorganizing the debts of a business so it can remain operational. For businesses looking for a plan to move forward or for the opportunity to rework their operation if they had some breathing room, Chapter 11 bankruptcy can provide a process to address problems and work towards their solutions in a more regimented environment with court oversight.

Chapter 12 Bankruptcy

Chapter 12 bankruptcy has strict requirements on eligibility regarding income sources, amount of debt, and the types of operations that are eligible (such as farmers or fishermen). For those who qualify, Chapter 12 can be the right tool to help start over and rebuild.

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Contact us today if you have a potential Bankruptcy case.

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Bankruptcy Insights

Bankruptcy

What Happens to Employees When Their Employer Files for Bankruptcy

Understanding how bankruptcy will affect your employees is crucial as you consider filing. Employees are entitled to certain protections and compensation that will affect the overall value and cost-cutting of either Chapter 7 or Chapter 11.

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Bankruptcy

What to Know About Subchapter V of the Bankruptcy Code

Subchapter V is an evolving portion of the bankruptcy code that helps expedite the process for small business. With the CARES Act coming up for renewal in March, it’s important to know how this code could come into play for certain-sized companies looking at a Chapter 11 filing.

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Looking down the tunnel at bankruptcy can be a scary process, but the qualified legal team at Natural State Law, PLLC is here to help residents of Little Rock and those across Arkansas. Call our team today at (501) 916-2878 to schedule a free consultation and learn more about your options.