Chapter 11 Bankruptcy

Chapter 11 Bankruptcy

Chapter 11 bankruptcy is available to any business, whether organized as a corporation or sole proprietorship, or individual.  However, it is generally not cost-effective for individuals unless they exceed the Chapter 13 Debt Limits which are currently unsecured debts of at least $360,475.00 or secured debts of at least $1,081,400.00, although it is most prominently used…

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Bankruptcy Resources for Arkansas

Bankruptcy resource in Arkansas

Facing a situation where you feel swamped in debt is hard and we want you to have each resource you need. The Flynn Law Firm is proud to offer the following resources at your disposal: Professional Organizations and Governmental Agencies Arkansas Bar Association American Bar Association National Association of Consumer Bankruptcy Attorneys National Association of…

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What is the Means Test relative to Chapter 7 Bankruptcy?

Means Test Chapter 7 Bankruptcy

If you have spent any amount of time research debt reduction, liquidation or bankruptcy, you have undoubtedly come across the Bankruptcy Terminology, Means Test. In short, the basic lawyer definition of Means Test – Section 707(b)(2) of the Bankruptcy Code applies a “means test” to determine whether an individual debtor’s chapter 7 filing is presumed…

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How Quickly Can I File My Arkansas Chapter 7 Bankruptcy

How Quickly Can I File My Chapter 7 Bankruptcy in Arkansas

Often people will delay their Arkansas Chapter 7 Bankruptcy filing. They aren’t sure if they should file or keep trying to pay off debt. They don’t really want to file and suffer the credit implications. And quite honestly, they don’t know how to file or have the money to hire an attorney to file. The…

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5 Reasons to Avoid LegalZoom for your Arkansas Bankruptcy

Avoid LegalZoom

The Flynn Law Firm wouldn’t be the first bankruptcy lawyer to look questionably at, and advise you to avoid, LegalZoom, an Internet-based legal services company offering low rates for seemingly complete services. You’ll see the media in general treat LegalZoom as a Silicon Valley doll beloved by all, allowing Main Street Americans to access cheap legal services without the help of…

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