Bankruptcy

Bankruptcy

How to Stop Foreclosure through Chapter 7 Bankruptcy

Foreclosure is one of the most traumatic financial situations a person may face. And unfortunately, it is very common. If you are facing foreclosure, you may feel powerless and confused. But you can stop it if you take action. You can seek debt relief, work a deal with your mortgage company, or file for Chapter 7 Bankruptcy. Depending upon your…

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Bankruptcy

Arkansas Bankruptcy: What is a Section 341 Meeting of Creditors?

What to expect after filing for Bankruptcy Soon after you file your Bankruptcy, the court will schedule a 341 Meeting, aka the “meeting of creditors.” It has to take place at least 21 days after you file, but no later than 40 days after you file for  bankruptcy. You must attend or your bankruptcy case can be dismissed. Information about…

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Bankruptcy

What Happens in a Ch. 7 Bankruptcy?

All of your pesky bills magically disappear and you are able to spend your money without being bothered by consequences!!! (Well, not exactly. If a bankruptcy attorney tells you that, you probably want to find a new one.) The first thing that happens when you hire a bankruptcy attorney to file in Arkansas is the “automatic stay.” As you might…

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Bankruptcy

When Can I file for Chapter 7 Bankruptcy in Arkansas?

If you are facing serious financial hardship, you may be thinking about filing for bankruptcy. There are several different kinds. The most common type of bankruptcy in Arkansas is what’s known as Chapter 7 Bankruptcy. Only certain people qualify for Chapter 7 bankruptcy, however. If your monthly income is more than the median for the state of Arkansas, you must…

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