If you are thinking about entering into bankruptcy and are married, you may be concerned about how bankruptcy will impact you and your spouse. You share some assets, but will all of your and your spouse’s assets be a part of the bankruptcy? The good news is that...
Personal Bankruptcy
Can you keep your car in a bankruptcy?
If there is any significant question that keeps coming up involving bankruptcy, it’s, “Can I keep my car?” For many people living in Arkansas, their vehicle is the only way that they can get to and from work, school and other activities. Losing a vehicle in a...
Bankruptcy for sole proprietorships
Arkansas sole proprietorships that need to declare bankruptcy will face different challenges than other businesses. These filings can be especially complex if the owner wishes to keep operating the business while the bankruptcy is pending. The issue is that the sole...
How the automatic stay works and handling violations
Bankruptcy can lift the burden of debt for Arkansas consumers by liquidation under Chapter 7 or debt repayment under Chapter 13. If you get behind on payments, you commonly find yourself getting many phone calls from creditors. One benefit of filing either type of...