Bankruptcy

Bankruptcy: Separating Myth from Fact

Bankruptcy Myth vs. Fact October 4th, 2018

Bankruptcy laws are complicated. To make matters worse, a great deal of speculation, rumor, and misinformation surround the process of filing a bankruptcy claim. To help provide clarity—and assist those who may be considering filing for bankruptcy—Caddell Reynolds has recently published an educational infographic. null null This useful reference dispels the myths about bankruptcy—including the…

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Chapter 12 Bankruptcy: Is It the Answer?

Caddell Reynolds Arkansas and Oklahoma Leading Bankruptcy Attorneys May 24th, 2018

Farmers have been hit hard by new tariffs. Many find themselves denied loans—and about to lose their hard-earned family businesses. These good men and women face bankruptcy—forced to walk away from land they’ve worked with their own hands. Bankruptcy may be the solution… but you need to understand your legal rights. Bankruptcy law is complicated…

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Who Can File for Bankruptcy in Arkansas?

January 18th, 2018

Any individual considering filing for bankruptcy always confronts an array of complex questions before doing so: What type of bankruptcy should he or she file? Should he or she file alone, or jointly with a spouse? Where should the bankruptcy petition be filed? Does the individual even qualify to file for bankruptcy?

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What are the Bankruptcy Exemptions in Arkansas?

January 4th, 2018

When considering filing for bankruptcy in Arkansas, one of the most important concepts that a person must understand is the role of bankruptcy exemptions. Depending on the type of bankruptcy, exemptions can protect a debtor’s property from being sold or reduce the amount that the debtor must pay to his or her creditors.

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3 Essential Details You Need to Know About Chapter 13 Bankruptcy

November 27th, 2017

When filing for bankruptcy in Arkansas, Oklahoma, or elsewhere, individuals typically have a choice between filing under Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code. We recently wrote about the three essential details you need to know about Chapter 7 bankruptcy, and today we’re following that up with a similar post about Chapter…

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Why Filing for Bankruptcy is Done in Federal (Not State) Courts

November 13th, 2017

Last year, nearly 10,000 Arkansans filed for bankruptcy. Filing for bankruptcy in Arkansas requires going to one of a handful of locations throughout the state—all of which are courthouses or offices of the U.S. Bankruptcy Court for the Eastern and Western Districts of Arkansas, a federal court.

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3 Essential Details You Need to Know about Chapter 7 Bankruptcy

October 31st, 2017

Every year, many people face the difficult decision of filing for bankruptcy in Arkansas. The ramifications of going bankrupt can be severe and long-lasting. To say the least, it is not a decision that should be taken lightly or made rashly.

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Should I Choose Chapter 7 Bankruptcy or Chapter 13 Bankruptcy?

October 23rd, 2017

Many people face the hard choice of filing for bankruptcy in Arkansas every year. The attorneys at Nolan Caddell Reynolds, understand while bankruptcy might not be your first choice for dealing with debt, choosing the right path – between chapters 7 and 13 bankruptcy – can make a serious difference in your future quality of…

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A Brief History of Bankruptcy in the United States

filing for bankruptcy in Arkansas, bankruptcy lawyer in Arkansas September 14th, 2017

Are you filing for bankruptcy in Arkansas? Do you need a bankruptcy lawyer? You might be ready to file your paperwork, or you could just be curious about the details. This review of the history of bankruptcy in the United States can give you a better understanding of the practice and what it could mean…

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The Most Common Reasons People Go Bankrupt

filing for bankruptcy in Arkansas, bankruptcy lawyer July 25th, 2017

When you contact a lawyer and begin filing for bankruptcy in Arkansas, it can feel a little like you are the only person who ever goes through the process. Think again. Somewhere around 1.5 million people file for bankruptcy every year in the United States. While every person has a story to tell about how…

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The Pros and Cons of Filing for Bankruptcy

Pros and Cons of bankruptcy April 12th, 2017

Filing bankruptcy can mean a fresh start, though it is certainly not the right choice for everyone facing financial difficulties. If you are considering filing for bankruptcy, it is important to learn as much as you can about the pros and cons that may affect your unique situation.

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What to Do When You Can’t Pay Your Bills Anymore

can't pay your bills, bankruptcy attorney April 2nd, 2017

Several simple strategies can help you manage expenses and cash flow when you can’t pay your bills anymore. Almost everyone has money problems at some point in their lives. Usually these problems are temporary, but sometimes the situation stretches into the long term. People who find themselves chronically behind on bills often find themselves asking:…

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