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April 2015 Archives

How a stay is used duing bankruptcy

When someone is thinking about filing for bankruptcy in Washington, he or she is almost certainly having trouble paying the bills -- even the significant ones like his or her mortgage and electricity. While filing for bankruptcy can have a long-term impact, it's also important to note that it can significantly change things in the short term since it means an automatic stay will be used until the case is completed.

What are the education requirements associated with bankruptcy?

When you file for bankruptcy, you are required to go through counseling and debtor education courses. Counseling and debtor education are two different requirements that must be completed at different points in the bankruptcy case. Understanding both of them is important for anyone who is considering bankruptcy as a way to regain control of their finances.

Have local bankruptcy filings increased year over year?

Bankruptcies in King County and most of the western part of the state are handled through the Western District of Washington U.S. Bankruptcy Court. According to statistics from that court system, the total number of filings for both January and February in King County were less in 2015 than they were in 2014.

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