Washington

Bankruptcy on the Rise

April 25, 2008

Estimates show that 1.1 million to 1.4 million Americans will file bankruptcy this year as tough filing rules get trumped by tougher economic woes.   The 2008 estimates are way below the more than 2 million bankruptcies in 2005, when a tsunami of cases ended up in court in anticipation of stricter filing laws taking [...]

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Bankruptcy Glossary

April 20, 2008

ADVERSARY PROCEEDING: A lawsuit filed in the bankruptcy court related to the debtor’s bankruptcy case such as complaints filed to determine whether the debtor should get a discharge or to determine the value of a lien. ARREARAGES: The amount you are behind on in making payments. If your monthly payment is $400, and you’re four [...]

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Credit After Bankruptcy

April 18, 2008

In both Oregon and Washington, debtors on the precipice of bankruptcy often end up on the receiving end of creditor threats regarding the potential impact of bankruptcy on their ability to obtain credit after their debts are discharged. In a recent article, Katherine Porter, an associate professor of law at the University of Iowa, noted [...]

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Washington Bankruptcy-Where is my Meeting of the Creditors Held?

April 8, 2008

In Washington, the Clerk’s Office for the Bankruptcy Court, sends a notice to the debtor and to all the creditors that provides the date, time and location of the sec. 341 meeting of creditors.  The location of the meeting depends on the county where the debtor resides or has his principal place of business or [...]

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