Bankruptcy

Every year, thousands of Americans find themselves in need of legal services for a variety of reasons, from bankruptcy and personal injury to disability claims and other legal problems that require professional guidance. Navigating the legal system can feel overwhelming, especially when faced with complex processes and intimidating paperwork. That’s why seeking the right legal … Read more

Bankruptcy can be an effective tool for eliminating or reorganizing debt, especially when your financial obligations have become overwhelming. If you’re struggling to manage the burden of your debt and want to take steps toward financial freedom, filing for bankruptcy relief might be an option worth considering. While many people assume that government tax debt … Read more

The bankruptcy process can be challenging if you don’t follow the good advice from a well- qualified bankruptcy attorney. Individuals, businesses and families looking for debt relief make the following mistakes all too often: One of the worst mistakes you can make is to leave your attorney in the dark. Your Arkansas bankruptcy attorney can … Read more

Financial hardships can affect anyone from professionals with high incomes to individuals who earn minimum wage. Likewise, financial recovery is possible with determination and discipline. Although the process actually begins before you file, bankruptcy can provide people struggling with high debt and other financial setbacks a viable path toward a financial fresh start. The first … Read more

High credit card balances, unemployment rates and bank foreclosures on homes all lead to a high volume of people filing for bankruptcy protection. Some experts predicted that bankruptcy filings will increase in 2013. Bankruptcy court records reported 520 new petitions in the Eastern and Western Districts of Arkansas in 2013. In addition, this slight but … Read more

The news that Back Yard Burgers is closing eight of its Arkansas locations as part of its Chapter 11 bankruptcy filing hit some burger fans pretty hard. But what is Chapter 11 bankruptcy and how does it work? A Chapter 11 bankruptcy usually results in a reorganization of a struggling company’s assets and debts in … Read more

We often hear in the news of wealthy people declaring bankruptcy. Can someone earn millions of dollars and still declare bankruptcy? It all depends on the individual’s circumstances. One of the primary purposes of bankruptcy is to discharge or cancel certain debts to give an honest debtor a “fresh start.” In such cases, the debtor … Read more

John L. Smith, the 2012 football coach of the Arkansas Razorbacks, has recently filed for personal bankruptcy — but despite his financial challenges, he will likely not end up a poor man. This is thanks to the structure of personal bankruptcy laws, which are designed not only to help individuals manage overwhelming debt but also … Read more