Bankruptcy provides some debt relief for consumers in Rogers, Arkansas, who see no other option. Stats report two-thirds of bankruptcy cases are filed because of medical debt. However, some consumers may wonder if they could file for just medical debt. Medical debts...
What to know about the Chapter 7 means test
Consumers in Arkansas who see no way of paying their debts may file Chapter 7 bankruptcy, which allows the debtor to remove certain unsecured debts. However, debtors must sell some personal non-exempt assets under Chapter 7 to pay creditors. While most debtors file...
How non-exempt assets work in bankruptcy
Bankruptcy gives debtors in Rogers, Arkansas, debt relief when they see no other way to pay it. There are several types of bankruptcy, but most debtors file Chapter 7 or Chapter 13. Debtors who file Chapter 7 usually have to sell some personal property through the...
Learning more about consumer bankruptcy
According to recent statistics, the average American held more than $90,000 in consumer debt in 2018. The average balances of most major types of debt, all except for personal loans and home equity lines of credit, have grown substantially over the past decade....
