Articles About Bankruptcy
News & Information About Bankruptcy in Tacoma, Seattle, Vancouver, Portland & Salem
Involuntary Bankruptcy in Oregon
Any individual may file for bankruptcy. For that matter, partnerships, corporations, or business trusts may take advantage of bankruptcy protection too, excluding certain types of business organizations such as banks and insurers. When the filer of the bankruptcy petition is the debtor, then it’s a voluntary bankruptcy. According to [...]
Chapter 13 Bankruptcy Timelines
If you’re considering filing for personal bankruptcy, the two most common types of bankruptcy for individuals are Chapter 7 and Chapter 13 of the bankruptcy code. Chapter 7 is a quicker bankruptcy process, while Chapter 13, which entails debt reorganization, is a more involved undertaking. Chapter 13 filers are [...]
6 Reasons for Filing Chapter 13 Bankruptcy
The bankruptcy code is divided into different bankruptcy chapters. For personal bankruptcy, the two most common chapters under which individuals file for bankruptcy are Chapter 7 and Chapter 13. It may seem easier and quicker to file bankruptcy under Chapter 7, but there are many filers who prefer the [...]
Student Loan Debt and Bankruptcy
Student loan debt is now, more than ever, a crisis in the United States. Consider the following numbers: As of 2019, student loan debtis at an all-time high with a national total of $1.5 trillion. In a recent study, 32% of consumers who use a bankruptcy-assistance service to file [...]
Consumer Bankruptcy in Portland Oregon
There are several chapters in the bankruptcy code. Chapters 7, 11, 12, and 13 are the most common. There’s also a Chapter 15, but this bankruptcy chapter mainly involves insolvency cases in foreign countries. Chapter 12 is particularly for family farmers and family fishermen to file for bankruptcy protection. [...]
File For Bankruptcy in Tacoma Washington?
Do I Need to File For Bankruptcy in Tacoma Washington? You do not always get a “yes” or “no” answer when you ask someone if you should file bankruptcy in Tacoma, Washington. More often, people will respond, “File for bankruptcy only as a last resort!” This usually means, bankruptcies [...]
