Pulaski County, AR Bankruptcy Lawyers

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Chuck Douglas
About | Practice Areas
Wakhisi-Douglas LLC
400 West Capitol Avenue Suite 1200 Little Rock, AR 72201» view map
Bankruptcy & Debt
We Fight Back and Win in Court

We’ve won hundreds of cases, and we’ve developed a reputation for resolving complex disputes favorably for our clients.

800-978-8941
1. Chuck Douglas Little Rock, AR
  Attorney at Law- GA
  Georgia State University College of Law, J.D. 2009
2. AboutWakhisi-Douglas LLC
  We Fight Back and Win in Court
3. Practice AreasExpertise
  Bankruptcy & Debt
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2. Email
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Lyndsey D. Dilks

Bankruptcy, Bankruptcy Litigation, Collection, Commercial Bankruptcy

Status: In Good Standing

CONTACT

500 C Pleasant Valley Dr., Little Rock, AR 72227

Scott Fletcher

Bankruptcy, Business Organization, Elder Law, Income Tax

Status: In Good Standing

CONTACT

1008 West 2nd Street, Little Rock, AR 72201

Robert R. Danecki

Bankruptcy & Debt, Bankruptcy, Bankruptcy Litigation, Consumer Bankruptcy, Credit & Debt

Status: In Good Standing Licensed: 32 Years

FREE CONSULTATION

CONTACT

200 W. Capitol Ave, Little Rock, AR 72201

Richard L. Mays

Real Estate, Criminal, Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 14 Years

CONTACT

212 Center St, Little Rock, AR 72201

Guy "Randy" Satterfield

Accident & Injury, Bankruptcy, Criminal, Family Law

Status: In Good Standing Licensed: 44 Years

CONTACT

900 S. Shackleford Road, Little Rock, AR 72211

Rusty Sparks

Bankruptcy & Debt, Bankruptcy, Divorce & Family Law, Family Law

FREE CONSULTATION

CONTACT

620 W. Third Street, Little Rock, AR 72201

James C. Clark

Real Estate, Corporate, Bankruptcy Litigation, Bankruptcy & Debt

Status: In Good Standing Licensed: 55 Years

CONTACT

400 W Capitol Ave, Little Rock, AR 72201

Joseph G. Nichols

Corporate Tax, Business Successions, Business Organization, Dissolution

Status: In Good Standing Licensed: 25 Years

CONTACT

400 W Capitol Avenue, Little Rock, AR 72201

Kent L. Pray

Business, Bankruptcy

Status: In Good Standing Licensed: 33 Years

CONTACT

Maumelle, AR 72190

Mark K. Halter

Corporate, Environmental Law Other, Municipal, Commercial Bankruptcy

Status: In Good Standing

CONTACT

104 Buckland Place, Little Rock, AR 72223

800-923-0641

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LEGAL TERMS

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

SAMPLE LEGAL CASES

Bibbs v. Community Bank of Benton

... On August 25, 2003, Bibbs filed for Chapter 7 bankruptcy. On February 8, 2005, Mason also filed for Chapter 7 bankruptcy, and in doing so, he scheduled a potential lender-liability lawsuit against Community Bank as an asset of the estate. ...

Bisbee v. Decatur State Bank

... The Wilmouths filed for bankruptcy the next month. After the bankruptcy court ... said lands. On December 9, 2008, the bankruptcy court abandoned tract number 8, which was included within appellee's mortgage. On December ...

Bibbs v. Community Bank

... On August 25, 2003, Bibbs filed Chapter 7 bankruptcy. Mason filed Chapter 7 bankruptcy on February 8, 2005, and filed Chapter 13 bankruptcy some months later. ... They alleged that the Bank engaged in numerous acts of misconduct and forced them into bankruptcy. ...

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Pulaski County, AR Bankruptcy Lawyers

Sponsored Law Firm

Wakhisi-Douglas LLC

SPONSORED LAWYERS

Lyndsey D. Dilks

Scott Fletcher

Robert R. Danecki

Richard L. Mays

Guy "Randy" Satterfield

Rusty Sparks

James C. Clark

Joseph G. Nichols

Kent L. Pray

Mark K. Halter

TIPS

LEGAL TERMS

ADMINISTRATIVE EXPENSES

LIABILITY

MEANS TEST

HOUSEHOLDER

PREFERENCE

UNDUE HARDSHIP

INTEREST

NONEXEMPT PROPERTY

FORBEARANCE

SAMPLE LEGAL CASES

Bibbs v. Community Bank of Benton

Bisbee v. Decatur State Bank

Bibbs v. Community Bank

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