Many Washington residents have been going through some tough financial times over the last few years. We all know how hard the last few years were on businesses and individuals in certain industries, such as the service industry. As time went on, some were able to...
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Bankruptcy
Bankruptcy exemptions can provide you with financial stability
Are you financially struggling and looking for a way to break free of the never-ending cycle of debt that you’ve fallen into? If so, you’re probably wondering if bankruptcy is right for you. The process can provide real debt relief, even giving you a fresh financial...
Considering the pros and cons of bankruptcy
Much stigma surrounds bankruptcy, making it difficult for some individuals to acknowledge and address their debts properly. To some degree, everyone has some form of debt; however, this debt is likely manageable and not significant. Nonetheless, one should not feel as...
Am I allowed to file for a bankruptcy while I am divorcing?
The federal bankruptcy laws do not prevent people from filing for a Chapter 7 or Chapter 13 bankruptcy in the middle of a divorce. However, there are many reasons why someone living in the Kent area or surrounding communities might not want to do that. It depends on a...
How does Chapter 7 bankruptcy differ from Chapter 13 bankruptcy?
If you are unexpectedly laid off and cannot earn your normal wages you may suddenly find it difficult if not impossible to pay your mortgage, car loan or even utilities. This eventually leads to scary calls from debt collectors demanding payment for arrears you simply...
How to rebuild your credit score after bankruptcy
Far too many people struggle with personal debt. Their pride drives them to try to find a way to climb back to financial stability, but too often these individuals only find themselves falling deeper into debt. Although bankruptcy can provide very real financial...
Can I get help with my student debt?
Over the past few years, there have been reports of those with student debt finding relief through the bankruptcy process. Indeed, just recently, a new case gave this relief to a 35-year-old man after a long bankruptcy battle. The recent court win The bankruptcy judge...
How filing a petition can ward off collection actions
One of the great annoyances of being delinquent on one or more accounts is the seemingly constant stream of calls from creditors seeking to collect on the debt. While many residents of Washington know that filing a bankruptcy petition can bring these calls to a halt,...
What happens when you stop paying your credit card bill?
Most Kent area residents have at least one credit card. In fact, it is estimated that the average American has at least 4 credit cards. Most of the time a person is able to pay their credit card bills each month. But sometimes an unexpected event occurs that greatly...
Filers can take advantage of bankruptcy exemptions
Washington State residents struggling with overwhelming debt may want to file for bankruptcy to alleviate their debt, but hesitate from doing so because they do not want to lose everything. What they may not know is that it is possible to keep some property and a...