Little Rock Bankruptcy 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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2. Email
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Scott Fletcher

Bankruptcy, Business Organization, Elder Law, Income Tax, Contract

Status:

CONTACT

1008 West 2nd Street, Little Rock, AR 72201

Robert R. Danecki

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

Status: Licensed: 33 Years

FREE CONSULTATION

CONTACT

200 W. Capitol Ave, Little Rock, AR 72201

Richard L. Mays

Real Estate, Criminal, Bankruptcy, Accident & Injury

Status: Licensed: 15 Years

CONTACT

212 Center St, Little Rock, AR 72201

Guy "Randy" Satterfield

Accident & Injury, Bankruptcy, Criminal, Family Law

Status: 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

Phil Campbell

Nursing Home, Employee Rights, Securities, Commercial Bankruptcy

Status:

CONTACT

3700 Cantrell Road, Little Rock, AR 72202

James C. Clark

Real Estate, Corporate, Bankruptcy Litigation, Bankruptcy & Debt

Status: Licensed: 56 Years

CONTACT

400 W Capitol Ave, Little Rock, AR 72201

Joseph G. Nichols

Corporate Tax, Business Successions, Business Organization, Dissolution, Commercial Real Estate

Status: Licensed: 26 Years

CONTACT

400 W Capitol Avenue, Little Rock, AR 72201

Scott Thomas Vaughn

Bankruptcy Litigation

Status:

CONTACT

Little Rock, AR 72203

J. Maurice Rogers

Litigation, Bankruptcy, Transactions

Status:

CONTACT

Little Rock, AR 72203

800-814-6700

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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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

FCRA

See Fair Credit Reporting Act.

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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Little Rock Bankruptcy Lawyer, Arkansas

Sponsored Law Firm

Wakhisi-Douglas LLC

SPONSORED LAWYERS

Scott Fletcher

Robert R. Danecki

Richard L. Mays

Guy "Randy" Satterfield

Rusty Sparks

Phil Campbell

James C. Clark

Joseph G. Nichols

Scott Thomas Vaughn

J. Maurice Rogers

TIPS

LEGAL TERMS

ADMINISTRATIVE EXPENSES

COLLECTION AGENCY

INTEREST

LIMITED LIABILITY

GARNISHMENT

LIQUIDATING PARTNER

NONDISCHARGEABLE DEBTS

SETOFF

FCRA

SAMPLE LEGAL CASES

Bibbs v. Community Bank of Benton

Bisbee v. Decatur State Bank

Bibbs v. Community Bank

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