Central Arkansas Bankruptcy Attorneys
Everyone wants their children to be cared for and financially supported. Unfortunately, after a divorce, when a person is adjusting to life in a single-income household, it is easy to fall behind on child support payments. Despite the importance of these payments, the reality is that other creditors may be much more vocal and threatening about collecting the money they are owed. While making the payments necessary to prevent homes from being foreclosed on and cars from being repossessed, people lose track of their child support obligations.
When the time comes to file bankruptcy to overcome the burden of unmanageable debt, people want to know how delinquent child support will be addressed. At the Pray Law Firm in North Little Rock, Arkansas, our lawyers begin every case by reviewing the debts involved and educating clients about all available options.
Filing Bankruptcy Does Help
While delinquent child support is not dischargeable in bankruptcy, filing bankruptcy does help, and you can rest assured that the payments will get to your child so he or she can benefit from the steps you have taken to overcome your debt.
Chapter 7 Bankruptcy or Chapter 13 Bankruptcy?
If you file Chapter 7 bankruptcy, you will be able to discharge all of your unsecured debts, such as credit card debt and medical bills. People frequently find that the elimination of these financial obligations frees up enough money that they are able to pay back their past-due child support with relative ease.
If you file Chapter 13 bankruptcy, a repayment plan will be created. Your past-due child support can be included as part of that repayment plan that is designed to work within your budget. Over the course of the plan, you will be able to pay all of the child support you owe.
Contact Us for a Free Consultation
To speak with one of the North Little Rock delinquent child support attorneys at our firm, call 501-588-7044, or contact us by e-mail.
