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Bond Law Office

Chapter 12 vs. Chapter 13 Bankruptcy

For individuals and businesses going through financial hardship, filing for bankruptcy is among the promising options to achieve debt relief and find a financial fresh start. Chapter 12 bankruptcy is available for family farmers and fishermen, whereas Chapter 13 bankruptcy is available to individuals earning regular wages who are overwhelmed with debt.

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Bond Law Office

Chapter 11 vs. Chapter 12 Bankruptcy

According to data from Statista, there were 21,655 business bankruptcy cases filed nationwide in the United States in 2020. For small businesses experiencing financial adversity, Chapter 11 or Chapter 12 bankruptcy can help you restructure your business affairs, reduce or eliminate your debt, and achieve financial relief while keeping your business afloat.

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Bond Law Office

Understanding the Probate Process in Arkansas

The lives of many people are affected by the probate process. In 2020, nearly 28,000 cases were pending in the probate courts in Arkansas. It stands to reason that most people should know something about how that process works.

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Bond Law Office

Chapter 7 vs. Chapter 13 Bankruptcy

In life, things often turn out differently from what we originally planned. The financial curveballs of life can sideline you from fulfilling your financial obligations, settling expenses, paying your debts, and keeping up with your bills. When facing financial distress, Chapter 7 and Chapter 13 bankruptcy are among the available bankruptcy options that can help you find relief.

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Bond Law Office

I Don’t Agree with the Executor of<br/> a Loved One’s Estate: What Can I Do?

It is always difficult when a loved one passes away, whether their passing was expected or not. The executor of the estate will be the one who handles the probate process. However, if there is no will, state laws will dictate who gets appointed as executor of the estate. If this appointed executor makes some questionable decisions, what can you do?

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Bond Law Office

I’ve Been Named the Personal Representative of an Estate. Now What?

In 2019, Arkansas courts processed nearly 25,000 probate, small estate, and decedent estate administration cases. A personal representative was involved in each of them. Unless you have been through this process before, you probably have many questions about your role and responsibilities as a personal representative.

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Bond Law Office

How to Handle Probate Disputes

According to an EstateExec survey, more than 44 percent of respondents experienced or were aware of a family conflict or dispute during the estate settlement process. Settling the final affairs of the deceased and distributing assets to any heirs or inheritors can be a complex and emotional process.

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