For many Oregon and Washington families Chapter 13 Bankruptcy represents an opportunity to finally resolve past due tax obligations. The opportunity eliminate older tax debt altogether and pay back the remaining balance at zero percent interest over a three to five year period with no penalties and often at the expense of other creditors is a fine thing indeed. But you have to get the returns filed.

The ending of a marriage requires you to address all of the debts that you acquired during your marriage.  Even if you were able to handle your debts during the marriage, you might not be able to handle them after a divorce.  This is because of economies of scale; basically, it’s cheaper for two people to live together than it is for them to live separately.  This means that financial planning must be part of your divorce planning.

For many consumers in both Oregon and Washington, an upcoming eviction often represents the last straw in coping with creditors prior to filing bankruptcy. Thankfully a bankruptcy filing will stop a residential eviction for non-payment of rent in its tracks

Chapter 13 bankruptcy is a court-approved repayment plan based on the debtor’s ability to repay.  While the plan is not for everyone, it offers different benefits that debtors may find useful depending on their personal situation.  While the plan can last anywhere from three to five years, this aspect alone is enough to discourage debtors [...]

You will not go to jail for failure to pay a bill.  There simply is no debtors’ prison anymore and you don’t have to be in fear that you’re going to go to jail if you don’t pay your bills.  However, you must appear in court if you are notified to appear either in state or federal court.  If someone winds up getting in trouble with the court, it’s going to be for contempt of court for failing to appear.

The minute you hire a law firm, this is even before your case is filed; but the minute you hire a law firm and retain an attorney, you have the ability to refer your creditors to that attorney.  Under the Fair Debt Collection Practices Act, once a creditor is made aware that you are filing for bankruptcy or that you have representation to file bankruptcy, they are prohibited from contacting you and they must go through your attorney.

Purchasing a home, obtaining a mortgage, financing for a house is definitely available after a bankruptcy cases filed.  The typical time period that one has to wait to qualify for a decent mortgage is two years.  If you can wait two years, you’re going to have a decent down payment hopefully and you are going to get a decent rate.  Now, your rate is not going to be as good as someone who had perfect credit and who never had to file for bankruptcy.  However, you can start with a halfway decent rate two years after filing your bankruptcy and then look to refinance a year or two or three down

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It is possible to have your life insurance policy be protected in bankruptcy under certain circumstances.  While there are different types of life insurance, this information pertains to simplified whole life and term life insurance policies since a wide majority of consumers have these types most often.  There are factors to review in

In its first-ever criminal referral, the new Consumer Financial Protection Bureau, the federal consumer watchdog agency mandated by Dodd-Frank, has referred a case for criminal prosecution against a d