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2012 Arkansas Code
Title 16 - Practice, Procedure, And Courts
Subtitle 7 - Particular Proceedings And Remedies
Chapter 117 - Receivership
Subchapter 3 - -- Petition by Insolvent Debtor
§ 16-117-301 - Complaint to be declared insolvent -- Appointment of receiver.


AR Code § 16-117-301 (2012) What's This?

Any insolvent debtor may file in the circuit court of the county in which he or she resides a complaint in which one (1) or more of his or her creditors shall be made defendants, asking to be declared an insolvent, and asking for the appointment of a receiver to take charge of his or her property and distribute the property among his or her creditors. Upon the filing of the petition, the court shall appoint a receiver.

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