Legal Question in Bankruptcy in Arkansas
How many time can a person change and add creditors
How many time can a plan in chapter be changed? For instances change and add creditors/ What is the priorities,Does a tractor or furniyure credit cards, loans take preferemce over back family support? Isn't family support a priority over everything except a home and 1 automobile? Thank You
2 Answers from Attorneys
Re: How many time can a person change and add creditors
You didn't say what chapter you were in. The priorities start with secured creditors. I'm not sure what all creditors you are talking about. I would need more info to say who would get the first shot at any money or assets.
The family support question - Are you saying when you owe someone support or support for your family? There are set limits of assets you can protect or exempt in Bankruptcy.
I'm afraid your questions have created more questions. Let me know more information and I may be able to help more.
Re: How many time can a person change and add creditors
You have asked a bunch of questions to which the answers are all "it depends". Books on the subject have been written, so this is not the place to get your answers. These questions can only be answered by sitting down with an Atty and talking the situation out in detail. If you were to come into my office with these questions, I can easially see an hour or so to analyze the problem and tell you what to do about it.
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