There are many considerations that go into the decision of whether to file for bankruptcy relief in Arkansas. The best way to make a determination is to consult with an experienced consumer bankruptcy attorney. The attorney will review all of the pertinent bills, claims, judgments, lawsuits, if any, and will compare the debt load in the context of the current income. The attorney will also consider the nature of the assets owned and the type of debt that may apply specifically, as a lien or security interest, on any of those assets.
If a consumer is overloaded with unsecured debt and unable to pay that amount off in a reasonable payment plan over the next five years, bankruptcy may be the best option available. When consumer debt overload spirals that far out of control, the truth is that strong and forceful measures must be taken for the sake of survival. A Chapter 7 bankruptcy will wipe out all unsecured consumer debt within a few months and allow for the individual or family to get a true fresh start. Arkansas residents will file the case here but the U.S. Bankruptcy Code will apply to processing and resolution of the matter.
When an educator is charged with sexual assault involving one 16-year-old student, the defense attorney will conduct a thorough investigation of the facts to determine the strengths and weaknesses of the case. Such cases are not by any means cut and dried nor are they always subject to an automatic guilty plea. There are occasionally factual situations in which the accused teacher may have a true defense to sexual assault charges under Arkansas law.
It is reported that consumers nationwide, including in Arkansas, carry increased levels of credit card debt. Researchers have been able to determine which age groups are the biggest spenders. However, the question that remains unanswered is on what consumers with high credit card debt are spending their money.
Despite all of the student loan defaults by economically pressed graduates, federal lenders made about $66 billion on loans for the federal government between 2007 and 2012. The industry is not suffering and would not suffer if Congress amended the law to liberalize the current standards for discharging such loans in bankruptcy. Arkansas residents stand with the rest of the country in hoping to see reform with respect to the dischargeability of student loans.
Just like others nationwide, Arkansas consumers may also find it difficult to resist deals that look too good to pass up. It is often reported that credit card debt is the cause of many bankruptcy filings, and when looking at the devious ways in which retailers get consumers to spend their hard-earned money, it is not surprising. While many people think twice before falling for obvious tricks, such as "buy two for the price of one" offers, it is often the sneaky perks offered by stores that trick them into buying unnecessary items.
Last time, we began looking at the issue of fraud charges and the federal sentencing guidelines. As we noted, it is important to have a strong advocate in federal fraud cases, all the way through the sentencing phase of the criminal process. Sentencing presents numerous opportunities for legal advocacy, and an experienced advocate can help provide a criminal defendant a better shot at minimizing the consequences of conviction.