We get it. You want to co-sign a student loan or feel like you should anyway. After all, you want to help anyone in your family get an education and it’s just co-signing. If they make all the payments, everything will be fine. The reality is that co-signing these loans can put you in a place where bankruptcy will be your only option.

By Emma G. Fitzsimmons

When going through a divorce, you can be left with different types of obligations. The most common is a domestic support obligation, such as child support or alimony, but you can also be made responsible for your spouse’s separate debts after divorce, usually as part of the property division.

Two important sets of CFPB amendments to its RESPA and TILA mortgage servicing rules go into effect April 19, 2018. These amendments expand the rights of those inheriting homes, awarded a home in divorce, or otherwise succeeding in interest to a mortgage loan.

Do not ignore your debts–even if you think they are gone or “charged off”.

After Bankruptcy, check your credit score Most people have a credit score of about 620 a couple months after bankruptcy.  That’s from a study by the Philadelphia Federal Reserve Bank. a few years ago.  (I saved the complete study here.)  And here’s the full size  Chart that shows how scores recover.   What’s your after bankruptcy […]

Everyone is required to bring their social security card to their bankruptcy hearing. And a lot of people have lost theirs over the years.   Virginia was recently added to the states where you can use your drivers license and apply on the internet to get a replacement card sent to you.   You don’t […]

One of the benefits of the federal bankruptcy laws is a well-known exemption to the liquidation of assets. This exemption is known as the homestead exemptions, and under Washington law can help someone struggling through a bankruptcy emerge from the process with a small win.
Under the Washington exemption system, homeowners may exempt up to $125,000 of their home or other property covered by the homestead exemption.

Tax time has come again and many Seattle and Tacoma area bankruptcy filers are wondering whether they are going to be able to eliminate their debt and still keep their tax refund.  Thankfully, the answer is generally yes and here is Keeping Your Refund in a Washington Bankruptcy is always a plus.