Former Real Housewives of New Jersey star Danielle Staub was facing similar allegations to what Teresa Gudice is currently facing: bankruptcy fraud.  Yet, a recent court appearance in July worked to settle out details from Staub’s 2012 filing.  As a result, Danielle agreed to pay creditors $35,000 as part of the proposed settlement terms.

Schools cannot refuse to release your transcript or diploma just because your bankruptcy case discharged a debt for tuition.  This ruling came down recently from the Seventh Circuit Court of Appeals, which covers Illinois, Wisconsin and Indiana.  It is true that student loans cannot be discharged in bankruptcy, except in special circumstances, such has financial […]

Schools cannot refuse to release your transcript or diploma just because your bankruptcy case discharged a debt for tuition.  This ruling came down recently from the Seventh Circuit Court of Appeals, which covers Illinois, Wisconsin and Indiana.  It is true that student loans cannot be discharged in bankruptcy, except in special circumstances, such has financial […]

The very first thing you need to do before filing for Chapter 13 is to meet with an experienced attorney in your area to talk about your case. Most attorneys will have a bankruptcy questionnaire which you will fill out in advance or at your meeting.

Chapter 13 bankruptcy helps debtors reorganize debt obligations into an affordable 3 to 5 year repayment schedule.  The amount you pay depends on a few factors such as your monthly income and the type of debt.  Some debtors are under the impression that they must repay all of their debt under this plan.  In many [...]

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for August 01, 2013 AMR Nears Bankruptcy Exit as Creditors Approve US Airways Merger Ambulance Company Fights to Avoid Bankruptcy Is Blackberry Doomed for Bankruptcy?

Two California men pled guilty in federal court to their roles associated with a foreclosure rescue scheme and bankruptcy fraud.  The scheme helped the men collect $5 million from over 1,000 clients.  Jesse Wheeler, 36, and Brent Medearis, 46, will be sentenced in September and each faces a maximum 5 year federal prison sentence along [...]

Federal Bankruptcy exemptions for filing Chapter 13 Bankruptcy are adjusted for inflation every three years. These exemptions are available to both Washington and Oregon consumers. The happy news is that all the exemptions amounts have increased. See below:

• Federal 11 USC 522(b) Exemption amounts

In what is being considered the largest municipal bankruptcy filing in U.S. history the city of Detroit seeks Chapter 9 protection.  While the move was anticipated for some time by financial analysts, the city has seen a significant decline in a number of ways over the last several decades.  The filing is being seen as [...]

At the Northwest Debt Relief Law Firm, we know that you probably view bankruptcy as a means to an end: Getting a real fresh start so that you can actually go back to living your life again. For many of our clients getting rid of debt only takes care of part of the problem. The other issue is a bad credit score.