Robert Russell
The Robert Russell Law Office is a debt relief, bankruptcy and estate planning law firm in Vancouver Washington.
Vancouver Estate Planning Attorneys. Why Put Your Estate in a Trust People who want their loved ones to avoid probate when they pass away often look into putting their estates into revocable and irrevocable living trusts.
In general, drafting and creating a trust can also help make things simpler for you, your family members, and other heirs. Aside from avoiding probate proceedings, setting up an adequately funded trust can help lessen the chances of estate tax problems. This is important since estate taxes are often quite significant. However, to ensure that you are dealing with this legal document correctly, it is best to consult with a credible Vancouver estate planning lawyer before proceeding with trust and estate planning.
Debt Relief Lawyers Vancouver. Vancouver Bankruptcy Basics: Filing Chapter 7 and 13 Bankruptcy. The COVID-19 pandemic has put a lot of Americans into financial hardship.
Filing for bankruptcy in Washington can help eliminate the debt and give you a fresh start. Bankruptcy protection is one of the rights enjoyed by Americans that help with their financial problems. If you’re considering filing bankruptcy, consult our Vancouver bankruptcy attorneys for free! Non Bankruptcy Options. Chapter 13 Bankruptcy Attorney. Bankruptcy Exemptions in Washington. The Bankruptcy Law allows a person to retain a portion of their property and an exemption protects the value of such personal property depending on the bankruptcy petition you file.
Bankruptcy Chapter 7 or Liquidation bankruptcy has a list of exemptions that enables you to know what properties you can keep. Such is different from Reorganization Bankruptcy or Chapter 13 which may lower your monthly payments in your payment plan. Chapter 7 Bankruptcy Attorney. The Basics of Chapter 13 Bankruptcy Discharge. Chapter 13 bankruptcy or also called the “reorganization bankruptcy”, allows you to keep your secured assets if you complete a court-approved repayment plan that lasts between three and five years.
This type of bankruptcy allows you to catch up on missed car loan payments or mortgage and reorganize your debts following the terms of the debt repayment plan. When you complete your Chapter 13 repayment plan, you’ll receive a discharge order that will wipe out the remaining balance of your qualifying debts. A credible Vancouver bankruptcy attorney can help you understand the process of debt discharge. This article will give you an overview of the dischargeable debts in Chapter 13 bankruptcy by answering the following questions: What Is a Chapter 13 Debt Discharge? Bankruptcy lawyer Vancouver WA. What debts are not discharged in Chapter 7 Bankruptcy.
Not all debts are discharged in bankruptcy.
Also, the rules are slightly different between Chapter 7 and Chapter 13 (and Chapter 11, 12, etc). In a Chapter 7, a debtor should expect that the following debts (listed below) would not be discharged by the entry of the Discharge Order at the usual completion of a Chapter 7 case (about 90 days after filing). A copy of the statute (11 USC § 523) that contains lists the nondischargeable debts is copied below if you want to read the actual language of the statute.