Arkansas Bankruptcy Laws (2025-2026)

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

Immediately upon filing, an "automatic stay" goes into effect, which legally prohibits creditors from calling, suing, or continuing wage garnishments against you. Non-Dischargeable Debts arkansas bankruptcy laws

Arkansas is unique because it allows debtors to choose between and federal exemptions . You cannot mix the two; you must pick the entire list from one or the other. Often called a "wage earner’s plan," this allows

All filers must complete a pre-filing credit counseling course and a post-filing debt management course from approved providers. Non-Dischargeable Debts Arkansas is unique because it allows

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