Bankruptcy Filings

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:

  • On May 25, 2018, Julianne Rochelle Easter, 1300 W. University, Magnolia filed for the bankruptcy chapter 13. Her assets amounted to 12,750 dollars whereas her liabilities amounted to whopping $26,080.23.
  • On May 25, 2018, Kelli Ann Harwell and Michael Wallace Harwell, 911 Highland, Magnolia filed for the bankruptcy chapter 7. Their assets ranged between 500 thousand dollars to 1 million dollars while the liabilities ranged between the same 500 thousand dollars to 1 million dollars.
  • On May 25, 2018, Leland Dwayne Callaway, 37 Chinquepin, Magnolia filed for the bankruptcy chapter 7. His assets ranged between 50 thousand dollars to 100 thousand dollars while the liabilities ranged between 100 thousand dollars to 500 thousand dollars.

From the county of Ouachita, the details of the filers are mentioned as follows:

  • On May 23, 2018, Johnathan Brown, the resident of 2467 Highway 79 S, Camden filed for the bankruptcy Chapter 7.
  • On May 23, 2018, Mary Elizabeth Dawn, the resident of 236 Ouachita 486, Camden filed for the bankruptcy Chapter 7.
  • On May 24, 2018, Jessica Davis and Carl Davis, the residents of 127 Ouachita 410, Camden filed for the bankruptcy Chapter 13.
  • On May 25, 2018, Londa Marshell Garrard, the resident of 1640 Highway 9, Bearden filed for the bankruptcy Chapter 13.
  • On May 25, 2018, Jefferey Cole, the resident of 360 Buchanan St, Camden filed for the bankruptcy Chapter 13.

From the Union, the details of the bankruptcy filers are mentioned as follows:

  • On May 24, 2018, Amanda Joyce Raborn and Jeremy Clayton Raborn, the residents of 500 E. 12th St, Smackover filed for the bankruptcy Chapter 13.
  • On May 25, 2018, Sheila Kay Dontje, the resident from P.O. Box 304, Strong filed for the bankruptcy Chapter 13.

Reasons of bankruptcy filing

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.

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