To initiate a case in Arkansas, you must meet several administrative and legal hurdles:
Arkansas state law provides specific protections for a single vehicle, necessary household goods, and retirement accounts.
Individuals typically choose between two main paths based on their income and long-term goals: arkansas bankruptcy laws
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 offers a robust homestead exemption that can protect your primary residence from being sold to pay creditors. To initiate a case in Arkansas, you must
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 .
Certain debts generally cannot be wiped out in an Arkansas bankruptcy, including: Child support and alimony. Most student loans, unless you can prove "undue hardship". Recent tax debts and debts incurred through fraud. Eastern & Western Districts of Arkansas - Bankruptcy Court Key Arkansas Bankruptcy Exemptions Arkansas offers a robust
All filers must complete a pre-filing credit counseling course and a post-filing debt management course from approved providers.