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October 2016 Archives

Who is eligible to file for Chapter 7 bankruptcy protection?

When considering filing for bankruptcy, many in Washington may feel overwhelmed with the various types that are available. While most have heard of businesses and individuals filing for Chapters 11 and 13 bankruptcy protection, Chapter 7 may be the best option for some debtors, providing they meet the qualification requirements. A recent article discusses some of the reasons why a person may be ineligible to seek this type of bankruptcy.

Credit card debt recently rose, but spending habits didn't

A recent boost in consumer borrowing has some experts hoping for economic growth, but whether that growth is actually accelerating is not clear. However, one report claims that consumers in America recently borrowed more and took on additional credit card debt. Could it be an indication of an improved economy? For many Washington consumers, taking on additional debt can be an indication of a financial crisis.

Stop creditor harassment and handle debt by filing for bankruptcy

Consumers with considerable amounts of debt often feel a great deal of guilt and shame regardless of how they accumulated the debt. While these are both difficult with which to deal with, perhaps one of the worst aspects of falling behind on payments is what lies on the other end of a phone line. For many Washington debtors, finding a solution to stop creditor harassment is just as important as handling their actual debt.

Student loans can lead to additional consumer debt

A quick perusal of virtually any news site will reveal something that most Washington residents are already intimately familiar with -- the student loan crisis is still growing. With many jobs requiring a secondary education, students often have no choice but to take out loans in order to address the soaring costs of a college education. These loans have a significant impact on debtors and even lead to other forms of consumer debt.