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When you file for Chapter 7 or Chapter 13 bankruptcy, you will need to attend credit counseling. Your credit counselor will go over your options and help create a plan. Your credit counselor will ...
Key takeaways. There are two common types of bankruptcy: Chapter 7 and Chapter 13. Filing for bankruptcy is a time-consuming process that can take years to stop affecting your finances.
There is no minimum amount of debt required to file for bankruptcy. Because of legal fees and long-term financial consequences, it may not be worth filing with less than $10,000 in dischargeable debt.
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.
In 1966, Republican John Paul Hammerschmidt won a U.S. House seat from this northwestern area, the first Republican from Arkansas to be elected to Congress since after Reconstruction. [8] He held the seat until 1992, when he retired. What was more surprising, that year multi-millionaire Winthrop Rockefeller was elected to the governorship.
Arkansas’ congressional delegation has been all-Republican since 2015. Mark Pryor was the last Democrat to hold or win election to an Arkansas U.S. Senate seat. First elected in 2002, Pryor lost his bid for a third term in 2014 to Tom Cotton. The last Democrat to win or hold an Arkansas U.S. House seat was Mike Ross.
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