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Bankruptcy in Arkansas: Exemptions and Filing Guide

State-specific bankruptcy exemptions and filing information for Arkansas. These exemptions determine what property you can keep when filing Chapter 7 bankruptcy.

Data last updated: Jan 15, 2025

Key Takeaways

  • Homestead exemption: Unlimited (married, head of family on 1/4 acre urban or 80 acres rural); $2,500 (single, not head of family).
  • Vehicle exemption: $1,200.
  • Must use state exemptions (no federal option).
  • Attorney fees: $1,000–$1,500 (Ch. 7) / $2,500–$3,500 (Ch. 13) typical.
Unlimited (married, head of family on 1/4 acre urban or 80 acres rural); $2,500 (single, not head of family) Homestead exemption
$1,200 Vehicle exemption
No Federal option
$338 (Chapter 7) / $313 (Chapter 13) Filing fee

Arkansas Bankruptcy Exemptions

  • HomesteadUnlimited (married, head of family on 1/4 acre urban or 80 acres rural); $2,500 (single, not head of family)
  • Vehicle$1,200
  • Personal property$500 per item of clothing
  • Wildcard$500
  • Federal exemptionsNot available

Means Test: Arkansas Median Income

To qualify for Chapter 7 in Arkansas, your income must be below the state median or you must pass the means test showing no disposable income for creditors.

  • 1 person$47,979
  • 2 people$58,674
  • 3 people$62,845
  • 4 people$75,042

Filing Costs

  • Court filing fee$338 (Chapter 7) / $313 (Chapter 13)
  • Typical attorney fee$1,000–$1,500 (Ch. 7) / $2,500–$3,500 (Ch. 13)
  • Court districtsEastern and Western Districts of Arkansas

Arkansas bankruptcy court

Related Resources

Frequently Asked Questions

  • Is the Arkansas homestead exemption unlimited?

    For married individuals or heads of family, yes—the exemption is unlimited in value, but limited to 1/4 acre in a city or 80 acres in rural areas. Single non-heads of family receive a $2,500 exemption.

  • Can I use federal exemptions in Arkansas?

    No. Arkansas is an opt-out state, meaning you must use Arkansas state exemptions.

  • What is the vehicle exemption in Arkansas?

    Arkansas allows a $1,200 exemption for a motor vehicle, which is relatively low compared to other states.

  • Can I file bankruptcy to stop a foreclosure in Arkansas?

    Yes. Filing for bankruptcy triggers an automatic stay that temporarily halts foreclosure proceedings. Chapter 13 may allow you to catch up on mortgage arrears over time.

Legal Disclaimer: FreeNetLaw provides general legal information, not legal advice. The information on this site is not a substitute for consultation with a licensed attorney. Laws vary by jurisdiction and change frequently. Always verify information with official sources and consult a qualified attorney for advice about your specific situation.

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