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April 2013 Archives

Retiree groups flag law change idea that could cut pensions

We work hard for much of our lives with the hope we will be able to retire and live out the golden years of our lives in relative comfort and ease. A lot of salt-of-the-earth people in Arkansas spent decades on the front lines of labor in the 20th century working under terms of labor contracts that included guaranteed payments in retirement. The system is supposed to help prevent individuals from falling into situations of unmanageable debt.

Arkansas bankruptcy: Tight federal budget halts anti-fraud audits

Back in 2005, Congress revamped the bankruptcy code. As part of that effort, lawmakers included provisions aimed at rooting out fraudulent business and consumer bankruptcy filings. Specifically, Congress directed the U.S. Trustee Program, the bankruptcy watchdog organization, to conduct random audits of filings.

Age of tax debt may make Dionne Warwick bankruptcy work

Not all tax debt can be discharged through a bankruptcy proceeding. But some can. Determining what may be eligible for such action is something that individuals in Arkansas considering possible bankruptcy, whether it is under Chapter 7 or Chapter 13 of bankruptcy laws, should be discussing with an attorney experienced in this area of law.

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