On May 29, 2018, the bankruptcies of South Arkansas by the county were ended for the week. This was reported by the United States Bankruptcy court of the Arkansas District’s western region.
Three cases of bankruptcy were filed from the Columbia county, 5 from Ouachita and 3 from Union too.
From the County of Columbia, the details of bankruptcy cases are as follows:
From the county of Ouachita, the details of the filers are mentioned as follows:
From the Union, the details of the bankruptcy filers are mentioned as follows:
The main reason behind people filing for bankruptcy is to get rid of the fast accumulating interest and loan payments and the inability to pay it back because of limited budget or loss in business or any other reason. Now, the filing for bankruptcy requires you to hire a professional and experienced bankruptcy attorney who can file a good case for you and make some strong terms and conditions that allow you a great leverage against your assets as well as the planning of feasible future payments. After your bankruptcy application is approved by the court, a large portion of debt is waved off and the remaining is set to be paid within the agreed upon time. Now, the foreclosure attorney will help you in deciding the best deal for your assets and exchange them with the equity where applicable.
For more information on reasons forbankruptcy filings, contact us at the Segaul Law Firm today.