Isn’t it better to trade $1000-ish to get rid of tens (or hundreds) of thousands of dollars of debt you cannot afford to repay? Seem like it might be better than debt consolidation, right?

When filing for Chapter 7 bankruptcy, deciding the fate of your vehicle is one of the most important choices you’ll face. Chapter 7 bankruptcy provides multiple options for handling your car loan: surrendering, redeeming, reaffirming, or using the retain-and-pay approach. In this post, we will talk about each of these options.

To discharge student loans through bankruptcy in the U.S., debtors must meet the stringent undue hardship standard. This standard, established by the Brunner test in 1987, requires debtors to prove three criteria…

Pro se cases are when a person files a bankruptcy petition without being represented by a lawyer. I recognize that not everyone has income, but going pro se comes with serious risk. In those cases, it’s useful to reach out to either the Moderate Means Program or the Volunteer Lawyers Program at the Spokane County Bar Association. The waits are long, and you may only get advice about filing, but it’s better than going it alone.

In this post I will discuss how a subrogated claim is treated in a Chapter 7 Bankruptcy. First, we’ll discuss what a subrogated claim is. Later on we’ll discuss how it matters to the cost of a bankruptcy in Spokane or elsewhere in Eastern Washington. Remember, this post does not contain legal advice.

Debtor, heal thyself.

- Not Hippocrates.

In this post, I’ll explain the Till rate and examine how creditors might seek to avoid a cramdown.

[Y]ou might have asked yourself what happens if you’re ‘upside down’ on your car note (i.e. the car is worth less than you owe) when you file for bankruptcy?