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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.
Lawyers practice in multiple areas and your best bet would be to go with someone who specializes in bankruptcy law. Attorneys who dabble in a little of everything are likely not aware of the ...
“The average cost of filing can range anywhere from $1,000 to more than $5,000 depending on the state you file in and any associated attorney costs,” says Adam Selita, CEO of The Debt Relief ...
More rarely, personal bankruptcy proceedings are carried out under Chapter 11. The ultimate goal of personal bankruptcy, from the viewpoint of the debtor, is receiving a discharge. [2] In 2008, more than 96% of all bankruptcy filings were non-commercial and about two-thirds of these were chapter 7 cases. [3]
The Arkansas Bar Association does not control lawyer licensing; that is a function of the Arkansas Board of Law Examiners. [5] It does not enforce the requirement that Arkansas lawyers must complete 12 credits of Continuing Legal Education each year.; [ 6 ] that is the function of the Arkansas Continuing Legal Education Board [ 7 ]
An attorney can go over your options and let you know if bankruptcy is a viable option for your situation. Decide if you will file for Chapter 7 or Chapter 13 bankruptcy.
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