Jump To Navigation

Debt Relief Archives

How does the Chapter 13 bankruptcy process work?

When many people consider bankruptcy, they think they'll need to sell all of their assets as a part of the process. That simply is not true when it comes to Chapter 13 bankruptcy. Unlike Chapter 7, which is often referred to as the "liquidation" bankruptcy, Chapter 13 is referred to as the "reorganization" bankruptcy. Rather than serving as a debt elimination strategy, it's a way to reorganize debt to make it easier and more manageable for the debtor.

Help for sticking to a budget

If you're currently in the midst of a debt problem, it's time for you to find a way out of it. While bankruptcy is a great option for many, a lot of borrowers are able to quickly climb out of debt by creating and sticking to a budget. Essentially, the process of budget creation involves these primary steps:

What's a voluntary car repossession?

If you get behind on your car payments, eventually the repo man will come knocking on the door. Actually, he won't knock, he'll just show up with a tow truck and take your car away. Before your bank sends the repossession man, however, it will likely try to reach you on the telephone and ask you to voluntarily surrender your vehicle.

Debt-burdened beauty students get relief from their student loans

Twenty-five years following the closure of a chain of schools owned by Wilfred American Educational Corporation, the Department of Education has decided to forgive the difficult-to-pay federal student loan debts that numerous students owe after attending the schools. Over 36,000 students -- primarily made up of low income earning, female immigrants -- attended the schools, racking up extensive, difficult-to-pay student debts.

Stop wage garnishment by creditors

If you don't pay your loan payments and other bills, and when you get significantly behind financially, your creditors may file a lawsuit to garnish your wages as a way of getting paid for the money you owe. In many situations, a Washington court will grant the request to garnish your wages.

Having a hard time controlling your debt? You're not alone

The amount of debt held by U.S. residents has soared, reaching the same record levels experienced at the brink of the recession that began in 2008. However, rather than home mortgage debt, this time the debt largely relates to vehicle loans and educational loans.

How will I benefit from Chapter 13 bankruptcy?

If you have a steady income, you might be a candidate for Chapter 13 bankruptcy. Chapter 13 bankruptcy involves the consolidation of outstanding debt. It also involves the consolidation of monthly payment obligations into one single bill. All of this is done in accordance with a court-approved Chapter 13 repayment plan that is designed to make your debt more manageable, while resolving any debt that remains following the term of the repayment plan.

Public service and student loan debt forgiveness

If you're paying a large amount of money every month to your student loan debt, you're probably wondering if you're doing everything you can to pay off your loans. For some, it may seem like a logical choice to enroll in a student debt forgiveness program. These options are available to any American with federal student loans, but they may not be appropriate for everyone.

Supreme Court case focuses on expired debt and debt collection

The U.S. Supreme Court heard arguments last Tuesday regarding debt collection tactics employed during the bankruptcy process. Some debt collectors are requesting very old debts that have long expired to be paid in bankruptcy proceedings. They have been asking for payment on old debts that, under local state laws, are non-collectible.

Contact Form

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact Information

Law Office of Ruth Nelson
7742 14th Avenue NW
Seattle, WA 98117
Phone: 206-633-2517
Map and Directions

Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters.