Motion To Abandon Property Of The Estate

The motion to abandon property of the estate is one of the most important parts of motion practice in bankruptcy.  It is particularly important in chapter 7 bankruptcy, because the chapter 7 trustee takes control of all property of the estate.  Additionally, it is important to understand how it works when you omit property from your bankruptcy schedules. Let’s start … Continue reading »

Bankruptcy And Your Security Clearance

When you have a security clearance, financial problems are even more stressful because you worry about your security clearance.  For most people, bankruptcy seems like an obvious solution to financial trouble.  If you have a security clearance, you worry about whether the bankruptcy will affect your security clearance.  Here’ what you need to know about your security clearance and bankruptcy. … Continue reading »

Your Credit Score and Bankruptcy

As a Seattle – Kent bankruptcy lawyer I don’t just help my clients file bankruptcy, I also help them prepare for life after bankruptcy.  One question that I hear a lot is “what will happen to my credit  score if I file bankruptcy?”  Before I answer that question, I just want to address the reason that people ask that question.  … Continue reading »

What If The Bank Refuses to Foreclose?

In re Heck, 2011 WL 133015 (Bankr. N.D.Cal. 2011) This is a short decision, but nonetheless an important illustration of one of the many struggles that consumer debtors face.  When a debtor surrenders their house in bankruptcy, it does not mean that the bank will take it back right away.  Usually this is a good thing for debtors, because it … Continue reading »