Defense against Debt Scavengers / Stale Debts

Defense against Debt Scavengers / Stale Debts

Let’s say you’ve been served with a summons and complaint (a lawsuit). You’re being sued by a company you don’t recognize. It alleges the lawsuit is based upon a credit card you used at some point years earlier. When the original credit card issuer wrote off that account, they sold it into a secondary market…

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Foreclosure Defense

Foreclosure Defense

Foreclosure Defense – While the traditional method for addressing foreclosures or threatened foreclosures has been to file a Chapter 13 bankruptcy, which permits one who is being foreclosed on to pay their mortgage arrearages over a 5 year plan, an emerging area of defense to foreclosure, which Mr. Flynn has now begun pursuing, is to…

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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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