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Chapter 13 bankruptcy rules
Here are 10 rules for Chapter 13 bankruptcy
1. the most important rule: you don’t have to hand over any of your property; instead, you pay your debts out of your earnings.
2. You are not allowed to fill for Chapter 13 bankruptcy if you received a bankruptcy discharge in the last 4 years
3. You are not […]
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? […]
