Secured Debt/Unsecured Debt
The attorneys at Marshall & Owens have extensive experience in assisting creditors with recovering both secured debt and unsecured debt in Arkansas, Southern Missouri and Western Tennessee.
Secured Debt
Arkansas statutes provide a quick procedure for creditors that have loans secured by personalty. “Replevin” describes the process whereby a creditor obtains a court order requiring the debtor to deliver the collateral to the creditor. Although other procedures are available, a creditor will generally want to proceed with the summary procedure which permits an order for delivery within five days, provided the debtor does not file a written objection.
The order for delivery is issued by the clerk, instructing the sheriff to seize the property. Although the sheriff generally requires a bond, banks are exempted from the bond requirement. A creditor can pursue self-help repossession while simultaneously pursuing the replevin proceeding.
Marshall & Owens regularly files replevin proceedings for its creditor clients.
Unsecured Debt
Marshall & Owens files lawsuits regionally in Arkansas, Southern Missouri and Western Tennessee. Because the firm does creditor work almost exclusively, it is often willing to take collection cases on a contingency fee basis. Marshall & Owens files collection actions on unsecured claims in the following cities in Arkansas:
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Contact Marshall & Owens Today
To learn more about how the attorneys at Marshall & Owens can assist you with resolving your legal matters, contact the firm today.
