Natural State Law, PLLC Blog

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.