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Robertson, Oswalt, Nony

Due to precautions related to COVID-19, we have expanded our options for remote consultations. Please contact our office to discuss whether a full phone consultation or video conference is appropriate for your situation.


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Difference In Your Life

Understanding Secured Debts In Bankruptcy


If you are considering filing for bankruptcy, it is important to know that some of your debts may not be discharged during the bankruptcy process. Secured debts must still be paid, even if you go through bankruptcy.

Which Of My Debts Are Secured?

Secured debts are those financial obligations you have secured with collateral. The most common examples include real estate (mortgage liens) and motor vehicles (automobile loans). Mechanic’s liens, judgments from lawsuits and tax liens are also examples of secured debts. Secured debts are not as easily erased during bankruptcy as unsecured debts, but it is still possible for many people.

Secured debts may be dealt with in a Chapter 13 bankruptcy. Under Chapter 13, the bankruptcy court will set up a repayment plan that is based on your ability to pay. The plan is set to last between three and five years, at which point, the remaining debt can be discharged. Most unsecured debts can be easily discharged in a Chapter 7 bankruptcy.

Find Out What Your Legal Options Are

If you are concerned about your rising debts and need answers to your questions, talk with an experienced lawyer at the law firm of Robertson, Oswalt, Nony & Associates. We have years of bankruptcy experience and have helped many clients gain financial freedom through bankruptcy.

With office locations in Little Rock, Benton, Conway and Heber Springs, we serve clients throughout Arkansas.

Call Us Now

To schedule your consultation with one of our bankruptcy lawyers, call 501-588-4451 or at 866-311-3815. You may also contact us by email. All calls and emails are confidential, and you are under no obligation to hire us. Learn more about your options today, and let us help you determine if filing for bankruptcy is right for your circumstances and your life goals.

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