When a Chapter 13 payment plan bogs down due to reduced income or other financial setbacks, the debtors may find it necessary to convert to a Chapter 7 and discontinue the Chapter 13. The debtor in a Chapter 13 proceeding in Arkansas or any other jurisdiction has a...
Month: May 2015
Bankruptcy can help save a retired person???s retirement assets
Sometimes pride can be a great detriment to one's right to financial peace of mind. Pride can prevent a retired person from filing bankruptcy when the need arises. There are many reasons why a retired person residing in Arkansas or another state will have a legitimate...
Doctors okay mental condition of suspect charged with murder
In Arkansas criminal prosecutions, there are often cases where the defendant admits to the alleged behavior but the case turns on whether there was a defense to it or whether the defendant acted with criminal intent to commit the crime. Additionally, some criminal...
The math makes Chapter 7 a powerful option for unsecured debt
The trouble with much of the conventional wisdom about debt overload is that it often asks for virtually superhuman financial sacrifice by, in one way or another, paying off essentially all of the debt that is owed. Programs such as consolidation plans, paying one...