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

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

D. Johnson Ogles

Social Security, Government, Criminal, Consumer Bankruptcy

Status: In Good Standing Licensed: 28 Years

CONTACT

Jacksonville, AR 72078

William C. Bird

Workers' Compensation, Employee Rights, Criminal, Commercial Bankruptcy

Status: In Good Standing

CONTACT

323 Center Street, Little Rock, AR 72201

Jennifer Ann Wells

Workers' Compensation, Personal Injury, Bankruptcy, Social Security -- Disability

Status: In Good Standing

CONTACT

12 Patricia Lane, Little Rock, AR 72205

Garland William Binns

Securities, Merger & Acquisition, Banking & Finance, Commercial Bankruptcy

Status: In Good Standing

CONTACT

425 W. Capitol, Little Rock, AR 72201

Aaron David Caldwell

Commercial Real Estate, Foreclosure, Bankruptcy

Status: In Good Standing

CONTACT

1501 N University Ave, Little Rock, AR 72207

Kevin Dwayne Rogers

Real Estate, Bankruptcy, Family Law

Status: In Good Standing

CONTACT

7810 Leawood Blvd, Little Rock, AR 72205

Jennifer Wilson-harvey

Commercial Real Estate, Banking & Finance, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

400 W Capitol Ave, Little Rock, AR 72201

A. Delbert Mickel

Foreclosure, Litigation, Banking & Finance, Bankruptcy

Status: In Good Standing

CONTACT

1501 North University Avenue, Little Rock, AR 72207

800-923-0641

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LEGAL TERMS

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).

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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.

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

Scott Fletcher

Lyndsey D. Dilks

D. Johnson Ogles

William C. Bird

Jennifer Ann Wells

Garland William Binns

Aaron David Caldwell

Kevin Dwayne Rogers

Jennifer Wilson-harvey

A. Delbert Mickel

TIPS

LEGAL TERMS

CREDIT REPORT

GENERAL PARTNER

LIMITED LIABILITY

ADMINISTRATIVE EXPENSES

WORKOUT

SETOFF

FORBEARANCE

GRACE PERIOD

PREFERENCE

SAMPLE LEGAL CASES

Bibbs v. Community Bank of Benton

Bisbee v. Decatur State Bank

Bibbs v. Community Bank

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