Bankruptcy Tacoma Blog
Tips for getting a Chapter 13 Plan confirmed quickly
1) Make sure that all required FRBP documents are provided to the Trustee’s office before the scheduled 341 hearing.2) Make sure that all of your client’s bank statements have the both the name of your client and the banking institution.3) Provide the Trustee’s office with either a Zillow estimate or a professional appraisal of the…Read More
How a Chapter 13 Bankruptcy can stop foreclosure and save your home.
How a Chapter 13 Bankruptcy can stop foreclosure and save your home. A Chapter 13 or a Chapter 7 bankruptcy filing will stop a foreclosure provided you did not a have previous bankruptcy case dismissed within the past year (there are some minor exceptions.) Why? Because all collection actions against you and your property must…Read More
Are Bankruptcy filing about to go up?
Researchers at Epiq Global are claiming that as of June of 2020, Chapter 11 filing have increased 26% from 2019. They also claim that a simular jump occurred in 2008 which was followed by a dramatic increase in consumer bankruptcy filings. So far, both Chapter 7 & 13 bankruptcy filings are down for the year.…Read More
Motions to Shorten Time
As of January 2020, both Judges Lynch and Heston have updated their procedures with regards to shortening time for scheduling hearings. Generally, both judges discourage motions to shorten time. However, the motion to shorten should be filed simultaneously with the underlying substantive motion and should be filed ex parte with the unsigned order uploaded as…Read More
Chapter 13 Loan Modification
The language below can be used if the Debtor is in a Chapter 13 pending confirmation and is in the process of obtaining a loan modification from their mortgage company. The language would be placed in Section X. “The Debtor has applied for a loan modification with LENDER and is awaiting approval. If not approved,…Read More