American Bankruptcy Associates, PLLC

10/02/2023

05/06/2023

Chapter 13 – Rather than liquidating your assets, Chapter 13 involves reorganizing your debt into a structured repayment plan over a 3-5-year period. You would make one payment each month to a trustee, who would then disperse the appropriate funds to your creditors. Once you complete all payments that are a part of the plan, the remaining debts will be discharged.

05/04/2023

Chapter 7 – This type of bankruptcy enables you to wipe away your debts, without the concern of past-due payments. Also known as “liquidation bankruptcy,” Chapter 7 involves a court-appointed trustee liquidating, or selling, some of your assets to repay some of your debts. After that money is dispersed to your creditors, the remaining debt will be discharged, or canceled, leaving you with no more unsecured debts to pay.

04/17/2020

These are uncertain times. If you have overwhelming debt, or are facing foreclosure or repossession, call us now. We can help! People often put off dealing with debt until the situation becomes dire. Don't wait for lawsuits or garnishments. Bankruptcy can be fresh start. Don't lose any more sleep worrying about bills. We are located in Bryant, Arkansas and provide bankruptcy services to client all over the state. You don't need to come into the office during this time. We can meet with you by phone or video chat if you prefer. Most cases don't require any court proceedings and can proceed during this crisis. The creditor meetings are being held by phone. There is no need to wait. Call us today for some peace of mind.