How To Qualify For Bankruptcy In Arkansas

Chapter 7 and Chapter 13 bankruptcies are often very good debt relief strategies for many people who are struggling with debt. But, before filing, it is important to consult with an experienced attorney to make sure you are eligible.

There is a "means test" that requires an analysis of your current monthly income and/or disposable monthly income in relation to Arkansas' median income. This statutory formula determines if you qualify for Chapter 7 bankruptcy. If your income is too high, or if you have too much disposable income to file Chapter 7, you may qualify for a repayment plan under Chapter 13.

Contact An Experienced Little Rock Bankruptcy Attorney

At Robertson, Oswalt & Associates, we can help you figure out if you qualify for Chapter 7 or Chapter 13 bankruptcy in Arkansas. Our lawyers have years of experience helping people just like you overcome their financial difficulties. With office locations in Little Rock, Benton, Heber Springs and Conway, we serve clients throughout Arkansas.

What If I Make Too Much Money?

If you are over the median income for a household of your size in Arkansas, you may still qualify for Chapter 7, but you must complete a longer form of the means test. This lengthier version is based on several additional qualifying factors, such as your future income estimates.

Contact Us To Schedule Your Free Consultation Today

Whatever your situation, you do not need to face these difficulties on your own. To schedule a free initial consultation with a Little Rock bankruptcy attorney at our firm, call 501-588-4451 or contact us toll free at 866-311-3815. You may also contact us by email.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.