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Bankruptcy and the Small Business

If you own or have owned a small business that is either in distress or has closed its doors,  a personal bankruptcy might be the right solution to manage the debts associated with that business. If you have personally guaranteed any debt associated with the business such as a lease, credit card, or loan, the [...]

By |2017-04-12T23:41:40-07:00March 31st, 2014|Blog|Comments Off on Bankruptcy and the Small Business

Mortgage Forgiveness Debt Relief Act

EDITED ON 4/4/2014 For those hoping to close a short sale in 2014, it looks as if the Mortgage Forgiveness Debt Relief Act will be extended for another year and applied retroactively for 2014. http://www.realtor.org/articles/nar-issue-brief-mortgage-debt-cancellation-tax-relief?sf2464863=1   During the years 2007-2013, the Mortgage Forgiveness Debt Relief Act provided an exception to relieve homeowners who completed a [...]

By |2017-04-12T23:39:42-07:00February 28th, 2014|Blog|Comments Off on Mortgage Forgiveness Debt Relief Act

Bankruptcy and Divorce

Financial distress, failed businesses and poor property investments place enormous stress on a marriage. Therefore, it is not surprising that bankruptcy and divorce often go hand in hand. This article will discuss some important concepts to consider when planning a bankruptcy after a divorce, or prior to a contemplated divorce. Washington is a community property [...]

By |2017-04-12T23:39:43-07:00May 14th, 2013|Blog|Comments Off on Bankruptcy and Divorce