The idea of declaring bankruptcy even once can be difficult for individuals and businesses, let alone the idea of declaring twice. However, it’s sometimes necessary to file bankruptcy twice or two different types of bankruptcy to get back on track financially. Here’s what you need to know about filing for bankruptcy more than once and […]

Certain types of bankruptcy can allow you to discharge, or “write off” some kinds of debt. This means you liquidate any non-exempt assets you have to pay the debt and any portion left over is forgiven. It’s important to understand the difference between what types of debt can be discharged (and what types can’t) before […]

If you are considering filing for a Chapter 7 bankruptcy in Tacoma, WA you may have read about the means test. What is the means test and how does it impact your ability to file for this type of bankruptcy? Here’s what you need to know. The Purpose of the Chapter 7 Means Test A […]

Today, healthcare in America is more expensive than ever before. Even individuals with good health insurance face thousands or hundreds of thousands of dollars in medical bills. While well visits are unlikely to place an individual in debt, an illness or accident quickly exhausts any financial resources families set apart for medical care. If you’re facing […]

Filing for bankruptcy is a big decision and determining the type of bankruptcy that would be most beneficial to you requires careful thought and examination. Take this simple quiz to learn more about which type of bankruptcy may be best for you. 1. Do You Owe a Lot of Secured Debt? Do you owe a […]

In a Chapter 13 bankruptcy, the court decides how much disposable income you have after careful calculation. They also decide how much you can afford to pay on your debt each month. You’re obligated to pay this amount each month for three to five years, depending on the length of your bankruptcy repayment plan. However, […]

In many cases, a Chapter 7 bankruptcy might be more beneficial for you than a Chapter 13 bankruptcy. Chapter 7 is generally faster than Chapter 13 and most debtors can keep all or most of their property. Also, Chapter 7 filers usually do not have to pay back unsecured debts. However, not all debtors qualify […]

If you’ve ever received a letter from a debt collector, it’s likely that you actually received a letter from a debt buyer — a business that purchases debts from other firms at a discount and then collects the debt themselves. This is a practice that is valid, but debt buyers do have specific regulations they […]