Bankruptcy Law: Should You File for Bankruptcy?

Arnold Law Offices • July 25, 2022

Are you struggling to make ends meet? Does it feel like the amount of debt you have only ever increases and you make very little progress paying it back? Do you feel like living a life with significant debt is your new normal?

Bankruptcy may help you find financial relief and move forward. But before you file a bankruptcy law case, you may still wonder if proceeding with this legal process is the best option. At Arnold Law Offices, we recommend talking to us about your bankruptcy law options if you have already tried to negotiate with your creditors to devise a repayment plan. You may also want to file for bankruptcy if your liabilities far exceed your current assets and income.

It is important to keep in mind that while bankruptcy is a good option for many, it is a process not without consequence. After you file, your credit will probably drop, and you may even lose some of your property to repay a portion of your debts to your creditors. Bankruptcy can also take a psychological toll, so you must be prepared for the emotional and mental impacts it could have on your daily life.

Even still, we are here to help you make the best decision for your situation if you are interested in filing a bankruptcy law case. To find out more about what the bankruptcy process entails and to consult with us about the right path forward, contact our law firm today.

The post Bankruptcy Law: Should You File for Bankruptcy? first appeared on Arnold Law Offices.

< Older Post Newer Post >

Common Myths About Bankruptcy Law

By Arnold Law Offices • July 25, 2023

There are a lot of common myths and misconceptions about bankruptcy law that can end up harming people. If you have any questions about bankruptcy laws or what filing for bankruptcy would mean for you and your future, this article will be dispelling a few popular myths that could help you make the best decision. […] The post Common Myths About Bankruptcy Law first appeared on Arnold Law Offices.

Important Steps to Take After a Car Wreck

By Arnold Law Offices • June 26, 2023

If you ever have the misfortune of being in a car wreck, knowing the proper steps to take can make a major difference in the outcome. In this article, we’ll give you the key steps you should keep in mind in order to protect yourself from legal trouble and heal from any injuries you’ve sustained. […] The post Important Steps to Take After a Car Wreck first appeared on Arnold Law Offices.

How a Personal Injury Lawyer Can Help You

By Arnold Law Offices • May 25, 2023

If you’re injured in the workplace or hurt in an accident, you might have several concerns and questions. How will you pay off your medical bills if you’re unable to work? What if your injuries were the result of someone else’s negligence? In situations where you’re seriously hurt and unsure what your next steps should […] The post How a Personal Injury Lawyer Can Help You first appeared on Arnold Law Offices.

Signs It’s Time to Get a Family Law Attorney

By Arnold Law Offices • April 25, 2023

There are many times throughout a person’s life when they might find themselves in need of legal advice. Some of these situations may be exciting, such as getting married or adopting a child, whereas other life circumstances can be more bitter or frustrating. In any case, if you’re about to make a major change that […] The post Signs It’s Time to Get a Family Law Attorney first appeared on Arnold Law Offices.

Why Choosing the Right Criminal Defense Lawyer Is Important

By Arnold Law Offices • March 24, 2023

Being charged with a criminal offense is a very serious situation to find yourself or one of your loved ones in regardless of whether you have actually committed a crime. You have a constitutional right to an attorney, even if you can’t afford one. However, it’s often a better option to hire your own attorney […] The post Why Choosing the Right Criminal Defense Lawyer Is Important first appeared on Arnold Law Offices.

Understanding Chapter 13 Bankruptcy

By Arnold Law Offices • February 24, 2023

When declaring bankruptcy, one of the major decisions you will have to make is whether to file Chapter 7 or Chapter 13 bankruptcy. These are two of the most common types of bankruptcy because they are available to individuals, and each has unique advantages and disadvantages. But today, we’ll be going over Chapter 13 bankruptcy […] The post Understanding Chapter 13 Bankruptcy first appeared on Arnold Law Offices.

What to Ask Before Hiring a Bankruptcy Lawyer

By Arnold Law Offices • January 25, 2023

If you find yourself in a dire financial situation because you are overwhelmed with debt and being bothered by creditors, bankruptcy can often be a useful solution. But before you can file for bankruptcy, you should hire a trustworthy bankruptcy lawyer who can enlighten you and make sure you understand your options. Here are several […] The post What to Ask Before Hiring a Bankruptcy Lawyer first appeared on Arnold Law Offices.

Three Myths About Personal Injury Claims

By Arnold Law Offices • December 27, 2022

In our legal team’s experience, few people know very much about personal injury law. Hopefully, the reason they know little is due to their lack of injuries in the past, but once an accident occurs, it’s important to understand what to do next. Today, we are debunking three myths about personal injury claims so you […] The post Three Myths About Personal Injury Claims first appeared on Arnold Law Offices.

Why an Uncontested Divorce Is Often Preferable

By Arnold Law Offices • November 25, 2022

Getting a divorce is never easy. However, that doesn’t mean getting a divorce always has to be messy. When you and your spouse are able to agree on certain things, the process can move along in a smoother fashion and make things easier on everyone. Here are a few reasons why an uncontested divorce may […] The post Why an Uncontested Divorce Is Often Preferable first appeared on Arnold Law Offices.

What is Chapter 7 Bankruptcy?

By Arnold Law Offices • October 25, 2022

There are two primary types of consumer bankruptcy – Chapter 7 bankruptcy and Chapter 13 bankruptcy. Chapter 7 bankruptcy is often referred to as “liquidation” or “straight” bankruptcy because it involves completely discharging your debits in exchange for some of your property. Once you decide to file, you will be able to keep “exempt” property, […] The post What is Chapter 7 Bankruptcy? first appeared on Arnold Law Offices.