As summer arrives, there are many things to look forward to. People in Arkansas may plan their vacations, open their pools and fire up the grills. When the Fourth of July weekend rolls around, there are fireworks and parties to celebrate the holiday. However, it is also the time when law enforcement redoubles its efforts to prevent accidents due to drunk driving.
Bankruptcy is not for people who are having some inconveniences in paying their monthly bills. It is a surgical remedy that brings consumers back from the brink of the darkest financial disaster into the bright light of day. Bankruptcy is a powerful tool for those in Arkansas and elsewhere who have reached a point where virtually nothing else will work to provide meaningful debt relief.
After the carefulness that consumers in Arkansas and elsewhere showed during and after the recession, they are starting to flex their spending muscles again with respect to the use of credit cards. Credit card debt is predicted to hit $1 trillion this year, which will be near the $1.02 trillion record set in 2008 at the beginning of the recession. Not only will carrying high debt balances have a negative impact on the consumer's credit score, but bankruptcy filings can be expected to rise in the near run.
Assault and battery are criminal violations in Arkansas that in general involve the threat of force or the infliction of force against another person. There are several degrees of assault and also of battery, which are graded based on the severity of the harm or the risk of harm that is involved. In a recent incident in Fort Smith, police have charged a 29-year-old man with second degree battery for allegedly stabbing another man in the abdomen in an altercation.
Being saddled with unmanageable debt is a hard position to be in. The Arkansas consumer who is burdened with overwhelming debt is sometimes led into believing that filing a bankruptcy will be the virtual closing out of one's life. Nothing could be further from the truth. The consumer may do well to remember that these myths about bankruptcy are false and that they are largely the product of the credit card companies and other big credit interests.
Police in Pine Bluff, Arkansas reported arresting one person recently on drug charges after searching a premises under the authority of a search warrant. Authorities estimated the 30.8 pounds of marijuana and 2.2 pounds of cocaine that they seized to have a street value of $194,600. In the raid, police found only one person on the premises and arrested the 53-year-old man for possession with intent to distribute drugs, along with other alleged drug crimes.
Can an out-of-state creditor come into a consumer's bankruptcy case and file a proof of claim for a stale debt that has gone over the maximum time limit for the statute of limitations? A federal district court judge answered yes to that question. However, on appeal, the Eleventh Circuit Court of Appeals reversed and held 3-0 that filing of an out-of-state stale claim in bankruptcy court is a violation of the Fair Debt Collection Practices Act. The ruling is likely to be accepted in Arkansas bankruptcy courts as legal precedent.