Chapter 13 Bankruptcy: What You Need To Know
July 17, 2023
Chapter 13 Bankruptcy: What You Need To Know Are you considering filing for Chapter 13 Bankruptcy because debts have become overwhelming? So many people are in the same situation today and we have created this article to help you. Chapter 13 bankruptcy is available to individuals and business owners. It is known as a “wage…
Bankruptcy In Arkansas: The Alternative To Consider
March 21, 2023
Bankruptcy In Arkansas: The Alternative To Consider In 2020, there were a total of 10,020 bankruptcy filings in the state of Arkansas, according to statistics provided by the United States Courts. Of those, 8,908 were filed under Chapter 7 bankruptcy, 1,065 were filed under Chapter 13 bankruptcy, and 47 were filed under Chapter 11 bankruptcy.…
Considering Filing? You Need To Know What Happens When You File Bankruptcy
March 9, 2023
Considering Filing? You Need To Know What Happens When You File Bankruptcy What is Bankruptcy? Thinking about filing bankruptcy? Bankruptcy is a court proceeding in which a judge and court trustee examine the assets and liabilities of individuals and businesses who can’t pay their bills and decide whether to discharge those debts so they are…
Why is Chapter 13 Bankruptcy a Bad Idea?
February 24, 2023
Bankruptcy laws exist for those whose debt has become unmanageable. Whether it’s bad fortune or financial irresponsibility, filing bankruptcy does provide the opportunity to alleviate the debt. In the United States system, the two most common types of bankruptcy are Chapter 7 and Chapter 13. In Chapter 7 bankruptcy debtors can erase debts with an…
Chapter 7 Bankruptcy Means Test
February 14, 2023
When debt becomes completely unmanageable people often consider the option of bankruptcy. Chapter 7 bankruptcy, which wipes away much of an applicant’s debt, is the most extreme and often best solution for those who are facing serious financial problems. Unfortunately, the courts don’t allow just anyone to get a Chapter 7 bankruptcy discharge. An applicant…