Arkansas Bankruptcy Law

Considering filing bankruptcy in Arkansas? You need to understand Arkansas bankruptcy law and exemptions.

As on overview we have listed some of the main exemptions, links to the federal courts serving Arkansas, and some filing statistics for Arkansas.

Arkansas Exemptions

Homestead:
100% of value of homestead plus rents and profits there from for life of widow or children during minority.
Details:
Homestead of deceased homesteader leaving widow or minor children

Homestead:
$2,500 or 80 to 160 acres of rural land or 1/4 to 1 acre of urban land
Details:
Homestead of resident who is married or head of family (Homestead must be owned and occupied as residence by debtor; except purchase money liens)

Motor Vehicle:
$1,200
Details:
One motor vehicle


This is just and overview and there is a detailed list of the Arkansas Bankruptcy Exemptions.

Arkansas Bankruptcy Courts

If you need more information about the Arkansas Federal Bankruptcy Courts you can click on the link for your district.

  • Arkansas Eastern District
  • Arkansas Western District

    • Arkansas Filing Statistics

    Here are the counties in Arkansas with the highest amount of bankruptcy filings.

    Year - County
    Total
    Ch7
    Ch13
    2012 PULASKI
    2429
    903
    1525
    2012 BENTON
    940
    558
    382
    2012 WASHINGTON
    772
    553
    218
    2012 SALINE
    641
    302
    339

    You can see the information for all counties by visiting the Arkansas Chapter 7 and Chapter 13 bankruptcy filings by county page.

    Here are the most recently available statistics for monthly bankruptcy filings in Arkansas.

    Year - Month
    Total
    Ch7
    Ch13
    2013 6
    1038
    491
    546
    2013 5
    1021
    527
    494
    2013 4
    1023
    553
    469
    2013 3
    1173
    654
    519
    2013 2
    1069
    559
    510
    2013 1
    946
    456
    489


    You can see more data by visiting the Arkansas Personal Bankruptcy Filing Statistics page.

    If you have question about filing bankruptcy please visit our Frequently Asked Questions Page or schedule a free consultation with a local attorney.