Arkansas Bankruptcy Laws
Arkansas Bankruptcy Exemption
Homestead:
- Rural homestead: Up to 160 acres and within limit of $ 2500 value and should be above 80 acres irrespective of the worth.
- Urban homestead: Up to 1 acre and within the limit of $ 2500 value and should be above 1/4 acre irrespective of the worth.
Wages:
Net earnings for 60 days $ 25 per week and excess earnings can be included in personal property quota.
Personal Property:
Any kind of personal assets or belongings up to the amount of $ 800 for unmarried debtor and $ 1,250 for married debtor.
Vehicle:
One automobile up to the extent of $ 1,200.
Professional Stuffs:
Professional books and tools of trade up to the extent of $ 750.
Wages:
75% of the net disposable earnings.
Total or Absolute Exemptions for:
- Specific partnership benefits.
- Wedding rings.
- Wedding bands including 1/2 carat of diamond or less.
- Fireman's pension benefits.
- Proceeds of annuity contracts.
- Stipulated premium insurance benefits.
- Fraternity benefits society benefits.
- Worker's compensation benefits.
- Disability Insurance Benefits.
- Unemployment compensation benefits.
- Mutual assessment life insurance benefits.
- Group life insurance proceeds.
- Policemen's pension retirement benefits.
- State police retirement benefits.
- Teacher's retirement benefits.
- Assets held in and payments receivable from IRC-qualified pension, profit-sharing, or similar retirement plans or contracts including self employed retirement plan.
- Proceeds Payable to another in the event of Life insurance.
- Surrender Money of Life Insurance Policies.
- Proceeds of Annuity Contracts.
- Disability Insurance Benefits.
- Health Aids Approved by due Authorities.
- Workmen's & unemployment compensation benefits.
- Fraternal & Society Benefits.
- Specific Partnership Property Interest.
- Police & Fireman's Retirement Benefits.
- Teacher's and Public Service Employee's Retirement Benefits.
- Veterans & Old Age Assistance Benefits.
- Retired Public Employee's Health Insurance and Deferred Compensation Benefits.
- Hazardous occupation damages.
Arkansas Bankruptcy District Court
Arkansas Bankruptcy Eastern & Western Districts Court
(United States Ninth Circuit)
Court Address
:Little Rock Courthouse
300 West 2nd Street Little Rock, AR 72201
(501) 918-5500
Divisional Office
Federal Building 35 E Mountain Street Fayetteville, AR 72702
(479) 582-9800
490 College Street Batesville, AR 72501
(870)793-4330
101 S. Jackson El Dorado, AR 71730
(870) 862-1202
30 S 6th Street Ft. Smith, AR 72901
(479) 783-6833
402 N Walnut Harrison, AR 72601
(479) 521-6980
812 Walnut Street Helena, AR 72342
(870) 338-6321
100 Reserve Street Hot Springs, AR 71901
(501) 623-6411
615 South Main Street Jonesboro, AR 72401
(870)972-4610
Court Locations
: Batesville, Helena, Jonesboro, Little Rock, Pine Bluff, El Dorado, Fayetteville, Fort Smith, Harrison, Hot Springs, Little Rock, Texarkana.Jurisdictional Counties
: Arkansas, Chicot, Clay, Cleburne, Cleveland, Conway, Craighead, Crittenden, Cross, Dallas, Desha, Drew, Faulkner, Fulton, Grant, Greene, Independence, Izard, Jackson, Jefferson, Lawrence, Lee, Lincoln, Lonoke, Mississippi, Monroe, Perry, Phillips, Poinsett, Pope, Prairie, Pulaski, Randolph, Saint Francis, Saline, Sharp, Stone, Van Buren, White, Woodruff, Yell, Ashley, Baxter, Benton, Boone, Bradley, Calhoun, Carroll, Columbia, Clark, Crawford, Franklin, Garland, Hempstead, Hot Springs, Howard, Johnson, Lafayette, Little River, Logan, Madison, Marion, Miller, Montgomery, Nevada, Newton, Ouachita, Pike, Polk, Scott, Searcy, Sebastian, Sevier, Union, Washington.Judges
:Hon. Audrey R. Evans (Chief Judge, Little Rock Bankruptcy Court House)
300 W 2nd Street Little Rock, AR 72201
(501)-918-5660
James G. Mixon (Little Rock Bankruptcy Court House)
300 W 2nd Street Little Rock, AR 72201
(501)-918-5643
Richard D. Taylor (Little Rock Bankruptcy Court House)
300 W 2nd Street Little Rock, AR 72201
(501)-918-5624
Hon. Ben T. Barry
Federal Building 35 E Mountain Street Fayetteville, AR 72702
(479)-582-9800
Clerks
:Brenda Shipley (Divisional Manager)
Federal Building 35 E Mountain Street Fayetteville, AR 72702
(479)-582-9815
Jean Rolfs (Clerk of Court, Little Rock Bankruptcy Court House)
300 W 2nd Street Little Rock, AR 72201
(501)-918-5500
Phil Principe (Chief Deputy Clerk, Little Rock Bankruptcy Court House)
300 W 2nd Street Little Rock, AR 72201
(501) 918-5509
Disclaimer: This article is for informational purposes only and does not constitute legal advice. Please consult a qualified attorney for advice on your specific situation.
Updated on:
