Archive for May, 2008
Arkansas bankruptcy exemptions
The Arkansas bankruptcy exemptions, details the belongings that any person can exempt or defend from creditors when they are applying for bankruptcy in Arkansas.
Asset: Homestead
- Rural homestead: up to 160 acres not to exceed $2500 value; and homestead is no less than 80 acres without regard to value. The law section
is 16-66-218(b)(3), (4).
- Real or […]
Chapter 13 bankruptcy plan
As you all know by know Chapter 13 bankruptcy is also called wage earner’s plan because it allows the debtor to repay his debts according to a pay back plan.
The debtor proposes a payment plan guided by a bankruptcy lawyer and trustee. The plan is filed with the schedules commencing the case. Also a […]
Chapter 7 bankruptcy petition
Chapter 7 bankruptcy procedures start when you, the debtor file a voluntary Chapter 7 bankruptcy petition at the clerk of the court.
The chapter 7 bankruptcy petition is formed a two page document (you need to fill this form) and a number of other forms.
You will need to complete these forms and under penalty of perjury […]
Chapter 13 bankruptcy FAQ
Here are Five Chapter 13 bankruptcy FAQ
1. How do I start?
The first thing you do when you file for Chapter 13 bankruptcy is to complete a two page request for the bankruptcy court. In this you ask for relief under chapter 13.This form is also called the “Petition”.
2. What is the 341 meeting? […]
Bankruptcy And Forelcosure Options
Bankruptcy and foreclosure are the two main problems resulted from the inability of homeowners to pay off their debts. Also, there has to be paid attention to the fact that both bankruptcy and foreclosure are methods to be taken fro debt relief. Even more, homeowners might eventually loose their homes through both bankruptcy and foreclosure.
There […]
