Articles About Bankruptcy
News & Information About Bankruptcy in Tacoma, Seattle, Vancouver, Portland & Salem
Can Filing for Chapter 7 Bankruptcy Help with Income Tax Debt?
Discharge Your Other Debts So You Can Pay Your Taxes Ask yourself this one crucial question: if you filed a Chapter 7 case and discharged all or most of your non-tax debts, would that leave you with enough monthly cash flow to enable you to reliably make large enough monthly [...]
What is an Automatic Stay and How It Can Benefit You
An Automatic Stay is when you file a bankruptcy case creating one of the most powerful tools in bankruptcy—the “automatic stay.” This protective order automatically goes into effect the instant Northwest Debt Relief Law Firm files your case at the bankruptcy court and “stays”—which means stops—all collection activity against [...]
Chapter 13 Bankruptcy Tools for Your Home Mortgage
Chapter 13 Bankruptcy tools gives you options to help you manage your home mortgage. Chapter 13 involves a flexible payment plan that’s especially helpful with debts you can’t write off, or “discharge.” It can be much better if you own income taxes, child or spousal support, or student loans, [...]
Does Bankruptcy Write Off Criminal Fines or Restitution?
Does Bankruptcy Write Off Criminal Fines or Restitution? Bankruptcy does not write off criminal fines or restitution. The “automatic stay,” which stops almost all other collection actions, does not stop any criminal court proceedings. There is a big division in the law is between criminal and civil matters. Criminal [...]
Should Divorcing Spouses File a Chapter 7 Together?
Divorcing Spouses File a Chapter 7? A “joint case” is one filed “by an individual… and such individual’s spouse.” “Spouse” is not defined in the Bankruptcy Code, but presumably refers to someone who is legally married to the “individual.” So, if you and your spouse are contemplating divorce, you [...]
Who Needs Credit Counseling and Post-Bankruptcy Debtor Education?
Credit counseling and post-bankruptcy debtor education courses must be taken by every individual that files for Chapter 7 bankruptcy or Chapter 13 bankruptcy, with few exceptions. PRE-BANKRUPTCY CREDIT COUNSELING The pre-bankruptcy credit counseling class includes information on credit counseling opportunities and provides assistance in performing a budget analysis. This [...]
