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.

Here at Shenwick & Associates, our summer is busy with (among other matters), representing clients in adversary proceedings. An adversary proceeding is a lawsuit that is brought within a bankruptcy proceeding and based on conflicting claims, usually between the debtor (or the bankruptcy trustee) and a creditor or other interested party.

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 30, 2013 DMX Files For Bankruptcy Detroit bankruptcy sends tremors through China ‘Real Housewives’ Stars Indicted On Bankruptcy, Fraud And Tax Charges  

Bankruptcy exemptions play a significant role during the filing process.  They help debtors obtain protection for their assets and personal property against creditors.  In short, exemptions provide legal options for debtors to keep their possessions during and after bankruptcy.  Chapter 7 bankruptcy exemptions help determine what you can keep, while Chapter 13 bankruptcy exemptions help [...]