When potential chapter 13 bankruptcy client comes in for a consultation, the number one question they have is, “what if I have to incur new debt while in a chapter 13 bankruptcy?” This is a legitimate question, as a chapter 13 bankruptcy payment plan...
Often times one of the first things out of peoples mouths when I pick up the phone is How Much Does It Cost to File Bankruptcy? My answer is pretty much the same each time which is “well it depends on your situation.” Most bankruptcy attorneys cannot...
If you are somebody who’s house is underwater and you have a second mortgage on your home as well, you may want to consult with a bankruptcy attorney in your area. Property values in the Seattle metro area have been going up recently so this scenario may be...
What Are Common Questions asked at a Bankruptcy 341 Meeting? Washington State Bankruptcy clients often want to know what kinds of questions they will be asked at the required court meeting with the bankruptcy trustee which is called “the meeting of...
If you are considering filing for bankruptcy then you should know up front that all assets, including all income must be disclosed to the bankruptcy court. Failure to disclose an asset or income could cause you to not receive a bankruptcy discharge of all of your...
this article on assessing property value in a bankruptcy provides an interesting perspective on how debtors generally like to overvalue their own assets when filing bankruptcy. Remember, when filing bankruptcy in Washington State you only need to list the garage sale...
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