Things to Know About Social Security and Bankruptcy in Arkansas
Social Security and bankruptcy have a straightforward relationship, but there are essential things to know about how income affects the process in Arkansas. You should get to keep your benefits, but filers should undoubtedly understand at least the basics before moving forward with their potential case.
When Should You File a Business Bankruptcy in Arkansas?
There is plenty to think about for Arkansas business owners considering Chapter 7, 11, or 13 Bankruptcy. This post outlines three initial things to think about, along with broader considerations about the state of the business in question. In any case, Natural State Law is here to help.
What Are the Advantages of Filing for Chapter 7 Bankruptcy?
This post discusses some of the advantages of filing for Chapter 7 bankruptcy. It’s a potentially viable option for those in serious debt in Arkansas looking for a way out to start over financially.
How Many Times Can You File for Bankruptcy in Arkansas?
There are different timelines to consider within the Bankruptcy Code regarding how many times you could file for a personal or business bankruptcy. This post discusses how many times you can file for bankruptcy in Arkansas.
Will Creditors Show Up to My Meeting of Creditors?
In most cases, the 341 hearing is a lot less intimidating than it sounds. Unless there are significant issues or remaining assets, creditors will likely not show up, and the Chapter 7 or 13 bankruptcy filing will move along as planned.
How To Keep Your Home Through a Bankruptcy In 2021
There are ways to keep your home through bankruptcy, but they need to be done within the guidance of a qualified bankruptcy attorney. There are routes for home protection through Chapter 7 or Chapter 13, but both need to be done with great care.
What Happens to Employees When Their Employer Files for Bankruptcy
Understanding how bankruptcy will affect your employees is crucial as you consider filing. Employees are entitled to certain protections and compensation that will affect the overall value and cost-cutting of Chapter 7 or Chapter 11.
What Small Businesses Need to Know About Filing for Bankruptcy in 2021
The Consolidated Appropriations Act of 2021 changed some provisions of the bankruptcy code that could affect small businesses in 2021. Other changes due to recent sunset provisions may affect small business eligibility for Chapter 11 Subchapter V filing going forward. It’s important to have a qualified bankruptcy attorney to help guide you through the process, and Natural State Law is an excellent resource.
Do I Qualify For Chapter 7 Bankruptcy?
Qualification for Chapter 7 – known as the “liquidation” option – requires passing a means test and ensuring that to the greatest extent possible, assets are protected by available exemptions.
The Differences Between Chapter 7 and Chapter 11 Bankruptcy for Businesses
There are key differences between Chapter 7 and Chapter 11 when it comes to business bankruptcy. Chapter 7 is known as a “liquidation” option and Chapter 11 attempts to reorganize the business by stabilizing its debts and operating expenses.