Vancouver bankruptcy filers will be happy to hear that the U.S. Bankruptcy Court for the Western District of Washington is now offering debtors the ability to receive court notices and orders via email through a program called “Debtor Electronic Bankruptcy Noticing” or “DeBN.” Registering for DeBN is free and enables debtors to receive and view notices sent to you by email. A Washington debtor must file a written request with the bankruptcy court in order to participate in the DeBN program.

There has been much discussion in the media in the past year about the massive amount of professional fees that have been wracked up during the City of Detroit's Chapter 9 bankruptcy. There is always great interest - and debate - about such fees due to the nature of the process: insolvent individuals or companies with no place left to turn file for bankruptcy, creditors take a "haircut" on their claims, and the lawyers get paid. Or so the story goes. As with any complex process, though, there is plenty of nuance that gets lost in the wash, and often is more to the story.

Good riddance to several debt collectors that seemed hellbent on sending all Oregon student loan debtors into bankruptcy. Pioneer Credit Recovery, Enterprise Recovery Systems, National Recoveries, and Coast Professional had all sued earlier this year once the Education Department said it would no longer send them any more accounts under their current contracts. A federal judge on Tuesday has now dismissed all their claims.

The Consumer Financial Protection Bureau (CFPB) (4/15/15) issued a final interpretive rule on how to provide mortgage applicants with a list of local homeownership counseling organ

April 15 is not only tax day, but it’s a great day to look at your financial situation to see if you need to make any adjustments. This is the time when you can analyze how you did financially in the past year. This is the time when you’re required to have your income tax+ Read More

It seems with ever increasing regularity, there is a chapter 13 emergency filing that my office has to complete. It used to be that a Sheriff sale was the main reason for an emergency filing. As long as the case was filed before the actual Sheriff sale took place, the homeowner had the right to+ Read More

Falling behind on your federal student loans is like walking down a long, dark hallway.
You have no idea where you’re headed, and there’s no way to know what’s in your way.
Today’s episode of The Student Loan Show helps shine a light, banishing the darkness so you have a better understanding of what’s going on.
In this 19 minute episode we talk about:

Years ago, student loans were easier to deal with.
You graduated, got a job, and paid off your loans in 10 years – sooner, if you got a good enough job.
But even for people with “normal” jobs, repaying a student loan was a short-term inconvenience that led to a better future.
Nowadays it’s not so simple. College is more expensive than ever, and we’re forced to use student loans to cover the majority of it. By the time we graduate, we’re looking at tens of thousands of dollars in debt.

Sometimes dealing with debt can feel like a shell game…you make a payment on one debt at the expense of making a payment or remaining current on another debt.  What are your options to resolve your debt while maintaining a balanced budget?  Learn more about your various options below. At Acclaim Legal Services debt resolution […]