Hatfield Harris, PLLC
Local: 479-250-1962 or Toll Free: 800-491-4103

Personal Bankruptcy Archives

After many failed bankruptcy attempts, woman jailed for fraud

After filing for bankruptcy six times in a four-year span, a woman has been sentenced to federal prison for just over a year after she pleaded guilty to providing false statements in her bankruptcy attempts. Apparently all of her bankruptcy attempts were Chapter 13 filings, and all were dismissed as a result of missing information or documentation.

The problem with student debt, and the hope it will soon be fixed

One of the prevailing reasons that many people are in debt is student debt. The loans that people took out in college to pay for myriad things -- including skyrocketing tuition, absurdly expensive books, and numerous other school supplies -- end up biting them later on in life.

Here are some ways to rebuild your credit after bankruptcy

As we have written about, and as many people know, filing for bankruptcy is a major decision in a person's life. It will help you clear out many debts that are leading you towards financial despair. However, bankruptcy is also very hard on the person who files. It will take some time to rebuild your credit and to get back to the way things were.

Why debt management companies should be avoided at all costs

For those toiling in debt, the promise of being debt free after working with a debt management company can be very persuasive. After all, who wants to deal with unrelenting creditors on their own. Creditors don’t care about the everyday struggles you go through in making ends meet, or how you essentially have to rob Peter to pay Paul every month.

What role does Social Security play during debt collection?

When you accrue a lot of debt, debt collectors will do everything in their power -- and, sometimes, even things they aren't supposed to be in their power -- to get the money from you. They will call you and send you letters. They may even try contacting family members to learn of your whereabouts. All told, it can amount to a very stressful time for the person who is in debt.

The differences between Chapter 7 and Chapter 13 bankruptcy

Some Arkansas residents may not know that there are different types of bankruptcy that an individual can go through. The two most common, though, are Chapter 7 and Chapter 13. These bankruptcies allow the filer the chance to get out of debt, but the way in which that may be achieved depends on the bankruptcy.

Student debt is very difficult to discharge through bankruptcy

Did you know that the total amount of student debt in this country has reached $1.2 trillion? That figure represents a total that is nearly double the amount of credit card debt in the country ($0.68 trillion) and far surpasses the amount of auto loan debt in the country ($0.86 trillion). As if those figures aren't staggering enough, the $1.2 trillion in student debt -- which represents the 2013 total -- is more than triple the amount of student debt this country had just eight years ago in 2005 ($0.36 trillion).