Bankruptcy

Bankruptcy can be effective in eliminating or reorganizing debt.  When your debt becomes too much of a burden to bear and you want to make it more manageable, you might consider filing for bankruptcy relief. Despite what you may think, even some government tax debt may qualify for discharge under a Chapter 7 bankruptcy.  Tax … 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

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 he will not likely end up a poor man. He will owe a debt of thanks to the way personal bankruptcy laws are structured. There are two main types of personal bankruptcies in Arkansas: Chapter 7 … Read more