Call today for a consultation 501-588-4451

Robertson, Oswalt, Nony & AssociatesCall today for a consultation

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.


Making a


Difference In Your Life

Some salient facts and benefits relating to Chapter 7 bankruptcy

On Behalf of | Aug 6, 2014 | Firm News, Personal Bankruptcy

Many persons in Arkansas might already know about some of the material benefits that can be obtained through a bankruptcy filing.

Chapter 7 bankruptcy is one type of consumer bankruptcy filing that comes with several distinct advantages to debtors overwhelmed by financial challenges.

It should be noted, though, that Chapter 7 is not a readily available filing option for many consumers, since a threshold “means test” requirement mandates that eligibility be tied to maximum income levels. An experienced state bankruptcy attorney can provide relevant information and work with a client to see whether Chapter 7 is a viable filing option.

When it is, many eligible debtors are happy to discover that bankruptcy law provides for the discharging of many types of unsecured debt, such as hospital bills and credit card obligations.

Additionally, Chapter 7 can stop wage garnishment and, importantly, put a stop to many collection efforts through the “automatic stay” remedy provided for under statutory law.

Filing also enables a debtor to shield many assets, which are deemed exempt from the reach of creditors. For obvious reasons, this is critically important to many people.

Among the most noteworthy exemptions is the family home, which is protected in bankruptcy. Other key assets that often receive protection are automobiles, furnishings, clothing and retirement accounts.

Some state residents might be interested to know that Arkansas law enables debtors to closely scrutinize enumerated exemptions available under both federal and state law and then pick the exemption scheme that is most beneficial in their situation.

Persons seeking to know more about bankruptcy law and the options it provides for consumers seeking a fresh financial start can secure prompt, confidential and knowledgeable assistance from a proven Arkansas bankruptcy attorney.

Source:,  “Arkansas bankruptcy exemptions,” author uncited (updated by Kathleen Michon), accessed Aug. 5, 2014


Here when you need help. Call 501-588-4451 to set up your consultation

Hear From Our Clients

“Our attorney showed an immense amount of care while working quickly, efficiently, and effectively… We are back on track in our lives because of you.”