What is a Washington State Bankruptcy - Chapter 13
A Chapter 13 Washington State bankruptcy is often called a reorganization bankruptcy. This type of Washington State bankruptcy allows individuals to pay off certain types of outstanding debts over a three to five year period. For those individuals who have non-exempt assets they do not want to [...]
There are two different types of Washington State bankruptcy: Chapter 7 and Chapter 13 bankruptcy. Chapter 7 Washington State bankruptcy is often referred to as liquidation. It brings financial relief to hundreds of thousands of people each year. People with high medical, credit card and other unsecured debts will find Chapter 7 especially helpful. As [...]
Filing for Washington State bankruptcy is considered the last resort when your finances are out of control. Before choosing Chapter 7 bankruptcy or Chapter 13 bankruptcy, there are a few other options you might consider. Two of the most popular and effective options are debt consolidation and consumer credit counseling. In this article, you will [...]
The very last step in filing for Washington State bankruptcy is the debtor education course. This course will be taken after you have filed for bankruptcy and all stops are in place, but before the discharge is official. Debtor education may be performed in person, on the phone or on the internet. Sessions typically cost [...]
Prior to filing for Washington State bankruptcy, you will be required to complete a court-approved credit counseling session. This requirement went into place after the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was passed. If you cannot afford to pay, this session is provided free of charge and you will receive a certificate [...]
My Chapter 7 Washington State Bankruptcy is Being Handled by my Attorney. What Can I Do to Help?
Be forthcoming with all information regarding your income, property, financial records and assets. Do not destroy any history, violate court orders or use your credit cards at the last minute. Follow any advice your attorney gives you and [...]