Arkansas Bankruptcy Laws Page

You must have lived in Arkansas for at least the six months prior to filing.

All filers must complete a pre-filing credit counseling course and a post-filing debt management course from approved providers. arkansas bankruptcy laws

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 You must have lived in Arkansas for at

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 Most student loans, unless you can prove "undue hardship"

This process eliminates most unsecured debts, like credit cards or medical bills, and usually concludes within three months. To qualify, you must pass a means test , ensuring your household income is below the state median.

As of 2026, the standard filing fee is $338 for Chapter 7 and $313 for Chapter 13 . If your income is below 150% of the federal poverty level, you may apply for a fee waiver .