Articles About Bankruptcy
News & Information About Bankruptcy in Tacoma, Seattle, Vancouver, Portland & Salem
Bankruptcy Exemptions in Washington
If you’re going through financial distress, you may want to file for bankruptcy under Chapter 7 or Chapter 13. Either bankruptcy chapter allows you to have certain assets exempted from bankruptcy proceedings. If an asset is exempted, it will not be sold to your creditor to pay your debt. [...]
Bankruptcy Overview
Most people considering filing for bankruptcy will ask: What are bankruptcies? What is the difference between Chapter 7 bankruptcy and Chapter 13 bankruptcy? Which bankruptcy options am I eligible for? Your Vancouver WA bankruptcy attorney will be able to give you legal advice you as to which bankruptcy chapter best suits [...]
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 [...]
