How to start a Chapter 13 filing in Arkansas

On Behalf of | Sep 29, 2021 | Chapter 13

In many cases, the best way to move forward with your finances is by filing for Chapter 13 bankruptcy. While it may be a hard decision filled with intimidating forms and highly specific requirements, it’s a useful option that has helped many people return their financial status to good standing.

Debtors that are businesses or corporations are required to have legal counsel to represent them in court. Individuals or married couples, on the other hand, may file for this type of bankruptcy on their own behalf. If you choose to go this route, it’s important to remember that there’s a long list of people who aren’t allowed to answer your questions even if you directly ask them. This includes the staff of the judge, the U.S. Bankruptcy Court, the Clerk’s Office and even the judge.

Documents you’ll need for Chapter 13

When you or your legal counsel is organizing your Chapter 13 documents, they should be placed in the order laid out by the United States Bankruptcy Court. It’s also important to be aware of each individual document’s due date for the ones that aren’t required upon the case’s initiation. The items that are required for a Chapter 13 bankruptcy case to be initiated are:

• Filing fee
• Voluntary petition
• Creditor mailing matrix
• Statement about your Social Security number
• Motion for determination and waiver of debtor’s duty to comply with credit counseling requirement

It may be intimidating to file for Chapter 13 bankruptcy, but once you understand the steps of the process, it becomes much more manageable. It’s not something anyone wants to go through, but it may be a helpful way to get to a better financial state.