Arkansas Bankruptcy Information

Arkansas Median Income Standards

Arkansas Bankruptcy Exemptions

Arkansas Homestead

For married person or head of family: unlimited exemption on real or personal property used as residence to 1/4 acre in city, town, or village, or 80 acres elsewhere; if property is between 1/4 to 1 acre in city, town, or village, or 80-160 acres elsewhere, additional limit is $2,500; homestead may not exceed 1 acre in city, town, or village, or 160 acres elsewhere (husband & wife may not double)

Vehicle

$200 is maximum personal property exemption allowed under the Arkansas Constitution, although the statute allows an exemption of $1,200. Courts have held that amounts in excess of the Arkansas constitution are unconstitutional.

Wages

Earned but unpaid wages due for 60 days; in no event less than $25 per week

Personal property & Tools of Trade

Clothing, wedding rings (see wild card). However, $200 is maximum personal property exemption allowed under the Arkansas Constitution, even if a statute allows more.

WildCard

Arkansas statute allows $500 of any personal property if married or head of family; $200 if not married. However, $200 is maximum personal property exemption allowed under the Arkansas Constitution, even if a statute allows more.

More info About __ Bankrutpcy Exemptions including citations.

Arkansas Bankruptcy Courts

Arkansas Eastern District Bankruptcy Court

Counties Served:
Arkansas, Chicoat, Clay, Cleburne, Cleveland, Conway, Craighead, Crittenden, Cross, Dallas, Desha, Drew, Faulkner, Fulton, Grant, Greene, Independence, Izard, Jackson, Jefferson, Lawrence, Lee, Lincoln, Lonoke, Mississippi, Monroe, Perry, Phillips, Poinsett, Pope, Prairie, Pulaski, Randolph, Saint Francis, Saline, Sharp, Stone, Van Buren, White, Woodruff, Yell
Arkansas Western District Bankruptcy Court

Counties Served:
Ashley, Baxter, Benton, Boone, Bradley, Calhoun, Carroll, Columbia, Clark, Crawford, Franklin, Garland, Hempstead, Hot Springs, Howard, Johnson, Lafayette, Little River, Logan, Madison, Marion, Miller, Montgomery, Nevada, Newton, Ouachita, Pike, Polk, Scott, Searcy, Sebastian, Sevier, Union, Washington

Means Test Calculators and Bankruptcy Information for Arkansas

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