Seattle Bankruptcy News Archive

Tag: Bankruptcy

Reverse Mortgage or Bankruptcy?

As a bankruptcy attorney in Seattle I meet with all kinds of people who may benefit from different options available to them depending on their situation. If you are (1) facing a foreclosure sale on your primary residence, (2) you

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Will The Kings Minority Owner in Bankruptcy Prevent the Team From Moving to Seattle as the Sonics?

As a lifetime Seattle SuperSonics fan and former Sonics employee (best college job ever), I was excited when I got a call from Q-13’s sports director Aaron Levine to get an opinion on the latest drama involving the Sacramento Kings who

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How Much Does it Cost to File Bankruptcy?

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

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How do I know what my property is worth in a bankruptcy?

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

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Bankruptcies for the Elderly on the Rise

According to this article, consumer bankruptcies are on the rise for elderly Americans. The article states that those 65 and older are the fastest growing segment of those who are seeking bankruptcy protection with a median balance on their credit

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Why A Short Sale May Not Solve All of Your Debt Problems

Anderson points out that three reasons for not going forward with a short sale are (1) that a short sale that does not pay all debt against the property, may leave a balance due that can be collected on by the creditor, (2) a short sale can result in debt cancellation income that is reported on on the homeowner’s tax return, and (3) a short sale resolves no issues other than the ownership of the home.

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Seattle-Tacoma-Bellevue area Leads Nation in Increase in Foreclosure Activity

Seattle-Tacoma-Bellevue area Leads Nation in Increase in Foreclosure Activity

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Who Will Find Out You Filed Bankruptcy?

Debtors who file for bankruptcy are often concerned that employers, family members, friends or others will find out that they have filed for bankruptcy. The reality is that outside of notifying all of your creditors so that you can discharge

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CNN Video on Home Foreclosure Fraud

Here is a CNN link to an interesting article about home foreclosure fraud

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Washington Home Foreclosures May be Delayed

A recent article in the New York Times states that home foreclosures may be delayed in the near future because the legal documents filed with the court may not be proper.

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