Bankruptcy

Bankruptcy

Filing Bankruptcy and Retirement Accounts

What happens to your retirement funds if you file bankruptcy before you retire? How about during retirement? Is your Social Security income at risk? Does bankruptcy even make sense for seniors? Here are the answers to five common questions about retirement in bankruptcy.   How Will Filing Bankruptcy Affect My Retirement Funds? Retirement accounts will probably will not be affected.

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Bankruptcy

What do I have to include when filing for bankruptcy?

The short answer – Everything! But it’s going to be ok.  Including it in your filing doesn’t mean you can’t keep your stuff.   Assets | Do I have to include all of my property when filing bankruptcy? We’ll start with what everyone is worried about. Keeping their stuff. You do need to list everything you own but including it

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Bankruptcy

What does an Arkansas Bankruptcy Cost?

The price of a bankruptcy can be broken into two parts: 1) the costs and filing fees and 2) the lawyer fees. The costs include credit reports and bankruptcy courses which are the same for both Chapter 7 and Chapter 13. We must run your credit to ensure we get all of your debts listed on your bankruptcy filing. The

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Bankruptcy

Debt Collection and the Fair Debt Collection Practices

Debt Collection and the Fair Debt Collection Practices Act You’re likely reading this because a debt collector is repeatedly calling you trying to collect a debt or because you’ve been served some papers saying a lawsuit has been filed against you to collect a debt.  If so, you should keep reading. A lot of people feel trapped when a debt

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Bankruptcy, Business Law

What Happens If Your Business Files for Bankruptcy

If your business has racked up so much debt that you’re thinking about making the difficult decision to file for bankruptcy, don’t hesitate to consult with an experienced business lawyer first.  A lawyer can properly advise you about what happens when you file for bankruptcy, so that you know exactly what you’re getting into. Once you’ve talked to your lawyer

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Bankruptcy, Business Law

Legal Options When You Can’t Pay Your Business Debts

If your business has been struggling and you simply can’t pay your debts, it’s time to take stock and consider your options. But what’s the first thing you should do? Consult with a business attorney. If you continue on the path you are on without making any changes, things are likely to become untenable, and your business may never recover.

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Bankruptcy

Why should I choose Chapter 13 Bankruptcy?

First, Chapter 13 may be your only option. Debtors must qualify to file Chapter 7. If you don’t qualify, then you must file Chapter 13. That is an easy one. If you qualify for Chapter 7, you might nevertheless want to file for Chapter 13 for the following reasons: You want to repay your debt. In Chapter 13, you will

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Bankruptcy

Chapter 7 vs Chapter 13 Bankruptcy

What is the difference between an Arkansas Chapter 7 and a Chapter 13 Bankruptcy? The answer is it truly depends on what you mean with that question. For some people, the difference may not be that significant. For others, it will make a world of difference. General Differences between Chapter 7 and Chapter 13. First, in order to filed Chapter

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Bankruptcy

Arkansas Bankruptcy | Role of a Trustee

The role of a bankruptcy trustee depends on whether you are filing a Chapter 7 or a Chapter 13 Bankruptcy. What is a Chapter 7 Arkansas bankruptcy? Sometimes we don’t realize how much debt we have collected and don’t know we’re neck deep in financial trouble until it is too late. At that point you will have no other solution

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Bankruptcy

What is a Chapter 7 Bankruptcy Discharge?

Bankruptcy Discharge. It’s got a nice ring to it. It sounds like maybe you just get to forget about all your bills and move on, right? Well, not quite. What Does the Term “Discharge” Mean in Chapter 7 Bankruptcy? “Discharge” in Chapter 7 Bankruptcy refers to clearing the debtor’s (the person who filed bankruptcy) all, or most, past debts. Although

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