Chapter 11 bankruptcy is the most complicated type of bankruptcy, and a reorganization plan is an essential element of it. Here’s some information on both.
Understanding the basics of Chapter 11 Bankruptcy is the first step in determining if this path is right for you. The next is understanding if you can keep any assets. This post explains more.
Although Chapter 13 bankruptcy offers significant protections for struggling individuals, the resulting reorganization may not be worth the time, effort, and money involved. It’s important to understand what happens through the filing to ensure it’s right for you and your specific financial situation.
There are certain cases where a Chapter 13 filing could be denied. Arkansas filers, especially, should read this post to learn more about those instances and how working with a knowledgeable bankruptcy law team can help avoid these issues.
After filing for personal bankruptcy, the court will freeze most of your financial assets, and you’ll be granted an automatic stay (meaning creditors cannot pursue your debts). From there, the court will assign your case to a trustee, and that person will organize a Meeting of Creditors to alert them of your filing.
There are many facts – along with a lot of myths – out there about couples filing for bankruptcy during a marriage. This post highlights a few different things married couples in Arkansas should consider before pursuing bankruptcy.
Understanding the basics of Chapter 11 Bankruptcy is the first step in determining if this path is right for you. The next is understanding if you are eligible to file as a business or individual. This post explains more.
Filing for Chapter 11 bankruptcy in Arkansas is somewhat straightforward. This is known as a “reorganization bankruptcy,” which aims to keep the business solvent and profitable through various potential means.
Although rare, HOAs can go bankrupt. Typically, failing HOAs will file for Chapter 11 bankruptcy to internally work out their issues or get help from an appointed trustee. Members of the HOA can be involved in this process, depending on the specific situation.
This post provides details about filing for a Chapter 13 bankruptcy in Arkansas. There is a particular process to follow, and an experienced legal team can ensure that you do it the right way the first time.