Arkansas Bankruptcy Laws Courts

Download your free manual or watch a audio on specific topics on how to prepare for your  Bankruptcy

02/01/03 Kentucky and Indiana Bankruptcy Laws and how Court hearings are done are changing.  These changes will make it much more expensive and difficult to file.   Not knowing the bankruptcy laws or how to plan your Kentucky or Indiana bankruptcy may mean that your case will be dismissed, fines, that you might lose property, or that you may be forced to repay debts.  Our  our manual explains what to do and how to do it.  

The Trustees in the Western Kentucky Bankruptcy Court trustee  now require all the same documents that the Eastern Kentucky Bankruptcy Court does after filing.  The Eastern Kentucky Bankruptcy Court requires copies of your paycheck stubs, the last six months of bank statements, copies of tax returns federal and state for the last three years, and copies of any auto titles, deeds, and mortgages prior to filing.  The deed and mortgage must show the date and time they were recorded at the courthouse.   Failure to promptly produce records is a basis for dismissal and fines for the Debtor.

            One change in bankruptcy law is that in all of the courts, you must a photo ID (drivers license, passport, etc.), and proof of your social security number (social security card, recent W-2, etc.).   The failure to attend your hearing is also a basis for dismissing a case and you must have these documents to get to the hearing.    

        There should be several changes in the bankruptcy laws within the next year that will make it much more expensive and difficult to file.  These changes will force some people to file Chapter 13 Bankruptcy cases instead of Chapter 7 Bankruptcy cases.   In 1999 only about 9,000 cases were filed in Louisville, in 2001 this jumped up to over 12,000 in 2002 Bankruptcy.  As a result, the court now has 341 hearings 5 days a week and it has hired CPA’s to look over cases and to force people to file more Chapter 13 cases.    What theses CPA's are specifically looking for is whether Debtors make enough money to fund a Chapter 13 repayment plan and whether any assets can be taken from the debtor.  If you are going to file you may want to consider doing it now due to other changes that will make filing even more difficult and expensive later.

 Over the last 5 years, the bank's attorneys and lawyers have lobbied Congress to end Chapter 7 bankruptcy Courts, as we know it.  One Law calls for anyone earning over 70% of the average wage to be required to file a Chapter 13 bankruptcy.  Credit Card companies have spent nearly 120 million annually to change Chapter 7 bankruptcy laws so they are paid before child support.   Our Bankruptcy law manual  outlines exactly how to file a Chapter 7 or Chapter 13 so that you eliminate the maximum amount of debt and keep the maximum amount of property.

We show you exactly how to avoid the pain and expenses of Chapter 13 bankruptcy court.  But Courts like Indiana may allow you to pay back only 10% or less in a Chapter 13.  There are times to file a Chapter 13 bankruptcy and times not to and we explain exactly why and how to use one form of bankruptcy and when to use the other.  Our manual  discusses the major problems. Call us or download a copy. 

The Bankruptcy Manual is free download your copy.   The Bankruptcy manual is for informational purposes only. The Bankruptcy Manual comes in rtf format for word or wordperfect, pdf for adobe, or it can be purchased with a cd.   

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