North Little Rock Reorganization Lawyer, Arkansas

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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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Stephen B. Niswanger

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Lawsuit & Dispute, Collection, Real Estate, Contract, Construction

Steve Niswanger is the managing member of the firm and has about 20 years experience in business and general litigation and transactions, with an emph... (more)

FREE CONSULTATION

CONTACT

800-931-3770

212 Center Street, Little Rock, AR 72201

Chuck Michael Douglas

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Bankruptcy & Debt, Lawsuit & Dispute, Credit & Debt, Consumer Rights, Business

Don't file Bankruptcy!

Chuck Douglas is a practicing lawyer in the state of Georgia. He received his J.D. from Georgia State University. He currently works for his privately... (more)

FREE CONSULTATION

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501-566-3139

400 West Capitol Avenue, Little Rock, AR 72201

Scott Fletcher

Bankruptcy, Business Organization, Elder Law, Income Tax

Status: In Good Standing

CONTACT

1008 West 2nd Street, Little Rock, AR 72201

Lyndsey D. Dilks

Bankruptcy, Bankruptcy Litigation, Collection, Commercial Bankruptcy

Status: In Good Standing

CONTACT

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

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

Steve Niswanger

Business, Real Estate, Collection, Foreclosure

FREE CONSULTATION

CONTACT

212 Center Street, Little Rock, AR 72201

Rusty Sparks

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

FREE CONSULTATION

CONTACT

620 W. Third Street, Little Rock, AR 72201

Timothy C. Ezell

Corporate, Contract, Business Organization, Credit & Debt

Status: In Good Standing Licensed: 24 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

800-923-0641

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LEGAL TERMS

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

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North Little Rock Reorganization Lawyer, Arkansas

Sponsored Law Firm

Wakhisi-Douglas LLC

SPONSORED LAWYERS

Stephen B. Niswanger

Chuck Michael Douglas

Scott Fletcher

Lyndsey D. Dilks

Robert R. Danecki

Richard L. Mays

Steve Niswanger

Rusty Sparks

Timothy C. Ezell

Joseph G. Nichols

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LEGAL TERMS

CHAPTER 7 BANKRUPTCY

MEETING OF CREDITORS

CREDITOR

PRIORITY DEBT

401(K) PLAN

CREDIT REPORT

CHAPTER 13 BANKRUPTCY

WINDING UP

LIEN

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