Chapter 13 bankruptcy is a type of bankruptcy that allows you to make payments on the debts you owe over time. The bankruptcy lasts between three and five years, during which time you pay a set amount each month toward the debts you owe. At the end of the bankruptcy,...
Month: September 2019
Criminal charges don’t automatically come with prison time
People who are facing nonviolent criminal charges in Arkansas might end up going through a program from the Arkansas Community Correction (ACC) program. This may provide them with an option that enables them to remain in the community instead of having to go to...
Automatic stays provide some protection from creditors
People who are tired of checking the mail or answering the phone because of debt collection attempts might appreciate one of the immediate impacts of bankruptcy – the automatic stay. When you file for protection, the court issues an order that prevents creditors from...
Some people can’t afford to file bankruptcy
Bankruptcy is often thought of as a way to get control of your debt. The trouble is that some people aren't able to take advantage of it because it is cost-prohibitive. The cost of filing is too much for some people, so they just try to handle the debts as best as...