All filers must complete a pre-filing credit counseling course and a post-filing debt management course from approved providers.
Often called a "wage earner’s plan," this allows you to keep property by paying back some or all of your debt through a court-approved repayment plan lasting 3 to 5 years . It is a frequent choice for those looking to stop foreclosure or catch up on past-due car payments. Key Arkansas Bankruptcy Exemptions arkansas bankruptcy laws
Arkansas state law provides specific protections for a single vehicle, necessary household goods, and retirement accounts. All filers must complete a pre-filing credit counseling
As of 2026, the standard filing fee is $338 for Chapter 7 and $313 for Chapter 13 . If your income is below 150% of the federal poverty level, you may apply for a fee waiver . Individuals typically choose between two main paths based
Individuals typically choose between two main paths based on their income and long-term goals: