Legal Question in Bankruptcy in Arkansas

Is my home exempt?

I live in Arkansas. I have gotten myself in credit card debt to the amount of approximately $68,000.00. I would like to file bankruptcy, but I have concerns over losing my home. The home is completely paid for with no liens or mortgage aganst it. Will we be able to keep it?


Asked on 1/17/01, 5:41 pm

1 Answer from Attorneys

Alan Crone Crone & McEvoy, PLC

Re: Is my home exempt?

You should take out an equity line of credit and cut up your credit cards.

Thank you for your e-mail. The questions you have asked are very important. I help individuals through very difficult issues like yours.

I cannot answer questions, give legal advice, or quote fee rates over e-mail for several reasons. First, in order to answer questions, I may need to ask you several questions or review documents. Also, because there is no confidentiality with e-mail, some authorities have said that I would be in violation of ethical restrictions. Additionally, if you are already represented, I need to know that in order to ethically render legal advice. Finally, please understand that I make my living rendering legal opinions.

Feel free to call Karen Nickelson, my paralegal, at (901) 527-5522, and set an appointment for an in-person consultation or a telephone consultation. Karen will be glad to assist you with any additional questions about our services or fees.

I would appreciate you letting me know where you learned about me and what city you live in.

Additional information may be found about my firm or me at:

Crone & Mason, PLC -

www.cronemason.com

Thank you,

Alan G. Crone

Crone & Mason, PLC

Eight S. Third St., Fifth Fl.

Memphis, TN 38103

[email protected]

www.cronemason.com

(901) 527-5522

(901) 529-1432 fax

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Answered on 2/13/01, 2:37 pm


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