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...