It’s a scenario thousands of Americans can identify with. After the housing bubble burst in the late 2000s, home values plummeted. Homeowners found themselves owing more on their mortgages than their homes were worth. Many also had second or even third mortgages, all...
In 2005, the U.S. Congress made changes to the bankruptcy laws that were intended to cut down on the number of filings and to restrict relief in some situations. Nonetheless, most consumers in Arkansas and nationwide would qualify for effective Chapter 7 or Chapter 13...
In Arkansas and all other states, it is not quite true that student loans cannot be discharged. One expert who did a statistical study reported that 40 percent of requests to discharge student loans in bankruptcies were successful. The key is that the debtor must...
There may be a growing bi-partisan appreciation in the U.S. Congress regarding the skewed system of criminal justice now existing in the country. The system works on a model that encourages mass incarcerations, teaches the imprisoned the values of hardened criminals,...
