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The Bankruptcy Act of 1898 (Act of July 1, 1898, ch. 541, 30 Stat. 544) was the first permanent bankruptcy law and remained in effect until the passage of the Bankruptcy Reform Act of 1978 (Pub. L. 95–598, 92 Stat. 2549, November 6, 1978). The 1898 Act created "courts of bankruptcy" defined as the district courts of the United States.
Attorneys who dabble in a little of everything are likely not aware of the granular aspects of bankruptcy law or up to speed with the latest legal developments in this area of practice.
The United States District Court for the Western District of Arkansas is one of two federal judicial districts in Arkansas. [2] Court for the District is held at El Dorado, Fayetteville, Fort Smith, Harrison, Hot Springs, and Texarkana. El Dorado Division comprises the following counties: Ashley, Bradley, Calhoun, Columbia, Ouachita, and Union.
The office of United States Attorney for the Eastern District of Arkansas came into being with the creation of the district in 1852, [1] and continues to the present day. List [ edit ]
Some student loan lawyers might offer a free consultation. If so, take advantage of it. An attorney can go over your options and let you know if bankruptcy is a viable option for your situation.
Certain scholars and politicians have advocated for a reform of the law to allow states to seek bankruptcy. [6] [3] [4] They argue that the law will require voluntary consent by the state and will not give the federal government or creditors the power to force a bankruptcy; therefore it would not interfere with state sovereignty or be unconstitutional.
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