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Tag Archives: chapter 7 bankruptsy

Bankruptcies in Central Washington

Wednesday, January 21, 2009

Central Washington saw a substantial increase in the # of people filing for bankruptcy between 2007 & 2008:
with cases involving Kittitas County residents nearly doubling, going from 58 in 2007 to 109 in 2008.
It looks like it’s going to be a busy year in bankruptcy court in Central Washington.
Read the rest here:
http://www.kvnews.com/articles/2009/01/10/news/doc4967f31b78fbe984684384.txt

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Bankruptcies in Tennessee

Friday, January 16, 2009

Middle Tennessee reports an increase in bankruptcies filed:
….Consumer bankruptcies climbed 26 percent in 2008 compared with the year before in Middle Tennessee…
http://www.tennessean.com/article/20090110/BUSINESS01/901100319

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Types of Bankruptcy

Thursday, December 18, 2008

Generally speaking, there are 3 main types of bankruptcy:
Chapter 11: Corporate Reorganization.
Chapter 13: Consumer Reorganization
Chapter 7: Liquidation- both Corporate & Consumer.
Therefore, for most people looking to file for bankruptcy, they file for Chapter 7 in order to discharge some of their unsecured debts.
Look on the left hand collumn for our extensive posts on Chapter 7 [...]

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Chapter 7 and Debtors Making 25K Every Month…

Wednesday, September 3, 2008

So, you are a debtor filing for bankruptcy protection and you have income north of $25,000 every month. Can you discharge your unsecured debts in a Chapter 7 proceeding?
You’d think that the answer would be “no” after 2005’s BAPCPA, right?
But, what if the debts were mainly related to business instead of being consumer debts?
Interesting question, [...]

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