Rebuilding Personal Credit After Personal Bankruptcy
Personal bankruptcy affects an individual’s credit score in a variety of ways. However hopeless it may seem, there are responsible ways to begin building credit again almost immediately. Most importantly, stay on time and consistent with any and all repayments.
How Does Business Bankruptcy Work?
There are three main types of business bankruptcies and they have wildly different effects on the owner and the business. Whether you’re looking at Chapter 7, 11, or 13, you’ll want to consult a professional bankruptcy attorney to learn more about which option is best for you.
What Happens After a Chapter 13 Bankruptcy?
There’s much to consider following the closure of a Chapter 13 bankruptcy proceeding and repayment plan. You may be able to pay off more debt than you think, but your credit score will take a significant hit as a result.
What is the Homestead Exemption?
The homestead exception was established to help struggling homeowners stay in their homes through a bankruptcy proceeding. The Arkansas homestead exemption allows qualifying debtors to protect urban homesteads on quarter-acre lots and rural homesteads on eighty-acre plots to protect the full value of their home and land. For debtors who don’t qualify for the Arkansas exemption or who have substantial personal property, federal exemptions provide for a great deal of asset protection as well.