A Step-By-Step Guide to Chapter 7 Consumer Bankruptcy In Arkansas from the Debtor’s Perspective
By Tim Tarvin · October 8, 2009 · 2009 Ark. L. Notes
In categories: Bankruptcy
Anyone who watches television or reads the newspaper is aware that the country is in a severe economic downturn. Not surprisingly, bankruptcy ﬁlings are clearly on the rise. The predictions of an increase in bankruptcy ﬁlings for this year are now coming true. The surge in ﬁlings is not surprising. The three most common causes of consumer bankruptcy are job loss, illness and divorce. In modern day America unemployment is at record levels, over forty-ﬁve million are without health insurance and approximately half of all marriages end in divorce.