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Drowning in Debt? There's a Way Out.

Medical bills. Credit cards. Wages being garnished. If you're buried in debt and can't see a way forward, bankruptcy might be the fresh start you need. Knollmeyer Law Office has helped thousands of Arkansans find the best path to financial freedom.
Free Consultation
Chapter 7 vs. Chapter 13

Two Types of Bankruptcy. We Help You Choose the Right One.

Chapter 7 Bankruptcy

“The Fresh Start”
Chapter 7 eliminates most unsecured debts — credit cards, medical bills, personal loans — in as little as 3-4 months. You may keep your home, car, and essential property under Arkansas exemptions. Best for those with limited income and overwhelming debt.

Chapter 13 Bankruptcy

“The Repayment Plan”
Chapter 13 creates a manageable 3-5 year repayment plan while protecting your assets. You keep your property and catch up on mortgage or car payments over time. Best for those with steady income who want to reorganize their debt.
Bankruptcy Options

Not Sure If Bankruptcy Is Right for You?

That's exactly what our free consultation is for. Lonnie Grimes and our bankruptcy team will review your financial situation, explain your options in plain language, and help you decide if bankruptcy — or another solution — is the right path.
  • Wage garnishments can be stopped immediately with an automatic stay
  • Collection calls and lawsuits stop once you file
  • Most people keep their home, car, and retirement accounts
  • Your credit can start recovering within 12-18 months after discharge
  • We've handled thousands of bankruptcy cases across Central Arkansas
Explore Your Bankruptcy Options
Client consulting with bankruptcy lawyer about debt relief options

How Filing for Bankruptcy Works.

1

Free Consultation

We review your debts, income, and assets. We explain whether Chapter 7 or Chapter 13 is right for your situation.
2

We Prepare Your Case

Our team handles the paperwork, court filings, and creditor communications. We attend the 341 Meeting of Creditors with you.
3

Debt Relief

Chapter 7 cases typically discharge in 3-4 months. Chapter 13 plans run 3-5 years with a structured payment you can afford.

Bankruptcy Questions We Hear Every Day

Will I lose my house or car?
Most people keep both. Arkansas exemptions protect your primary residence and vehicle. We'll review your specific situation.
How long does bankruptcy stay on my credit?
Chapter 7 stays on your credit report for 10 years, Chapter 13 for 7 years. However, many clients see their credit score start improving within 12-18 months after discharge.
Will my employer find out?
Bankruptcy filings are public record, but employers are not notified. It is illegal for an employer to fire you because you filed for bankruptcy.
Can bankruptcy stop wage garnishment?
Yes. Filing triggers an automatic stay that immediately stops garnishments, collection calls, and most lawsuits.
How much does it cost to file bankruptcy?
Court filing fees are $338 for Chapter 7 and $313 for Chapter 13. Attorney fees vary by case complexity. We'll explain all costs upfront during your free consultation.

Ready to Explore Your Bankruptcy Options?

We would love to explain your options. Call us today for a free consultation — the first step toward financial freedom.
Monday - Friday | 8:30 AM - 5:00 PM
Call (501) 985-1760