Start Over with Confidence
Chapter 7 Bankruptcy Done Right
If debt feels like quicksand, Chapter 7 bankruptcy could help you reset. It’s designed for people who can’t afford to repay debts and need a clean break. We’ll help you figure out if it’s right for you—and walk you through every step.
Chapter 7 Bankruptcy FAQs
What debts are erased in Chapter 7?
Chapter 7 typically wipes out unsecured debts like credit cards, medical bills, utility bills, and personal loans. Certain debts—like student loans, taxes, and child support—are usually not discharged. We’ll help you understand exactly what debts you can eliminate.
Will I lose everything if I file Chapter 7?
No. Most people keep necessities like their home, car, furniture, and personal items under Arkansas’s exemption laws. Luxury items, vacation homes, or extra vehicles might be at risk, but we’ll show you exactly what’s protected based on your situation.
How long does a Chapter 7 case take?
Chapter 7 cases usually move quickly. Most cases are completed in four to six months from the filing date. Once complete, you’ll receive a discharge order eliminating qualifying debts and officially closing your bankruptcy case.
How does Chapter 7 affect my credit score?
Filing Chapter 7 can initially lower your credit score. However, for many clients, scores begin improving within months after discharge because debts are cleared and debt-to-income ratios improve. Many people rebuild solid credit within two to three years.
Can I choose between Chapter 7 and Chapter 13?
It depends on your financial circumstances. Chapter 7 is best for those who can’t afford repayment. Chapter 13 suits those who can repay some debt over time. We’ll help you understand your choices and recommend the best fit for your goals.