Many people are afraid if they file bankruptcy (especially chapter 7 bankruptcy) that they will lose everything they have. They fear that they would put their home, car, cash and all other assets at risk if they go into bankruptcy. Fortunately, it is very rare for people who go through bankruptcy in Washington to lose any assets. Most personal assets [...]
Tired of riding the bus? Chapter 13 can help get your license back! If you have a suspended drivers license in Washington State due to unpaid tickets or fines, bankruptcy may help get it back. I have helped several people in the Vancouver, WA area get their driving privileges back through bankruptcy. Filing for bankruptcy puts a stay (immediate [...]
When the bankruptcy laws changed in 2005, one of the major changes was adding in what is known as the "bankruptcy means test". The means test is basically a formula to determine if you are eligible to file for Chapter 7 bankruptcy. Not everyone is subject to the means test. For example, if a majority of your debts are non-consumer [...]
There is a common misconception that income tax debt can't be discharged in bankruptcy. Most people I meet assume that tax debt can never go away, no matter what. Fortunately, that is not true. Under certain situations bankruptcy can help eliminate or reduce tax debts. Generally speaking the older the tax debt is, the easier it will be to discharge [...]