Washington Bankruptcy Attorneys
If you are facing serious debt, consider speaking with a Washington bankruptcy attorney about the decision to file for bankruptcy.
A local attorney can answer questions about how the state's laws may protect you and your possessions.
For example, if you file Chapter 7 bankruptcy, some of your possessions can be sold to pay creditors. However, Washington bankruptcy laws provide "exemptions", which is property that is protected and cannot be sold.
Chapter 7 bankruptcy exemptions in the state of Washington include:
Homestead:
- Up to $125,000 worth of land, mobile homes and improvements.
- Or, up to $15,000 of other personal property.
Wages: 75 percent of your disposable income.
Vehicle:
- One motor vehicle worth up to $2,500 for a single adult.
- For a married couple, up to $5,000 worth of multiple vehicles.
Personal Property:
- Up to $1,000 worth of clothing and jewelry.
- Up to $1,500 worth of private libraries.
- 100 percent of family picture and keepsakes.
- For single adults, up to $2,700 worth of household good, appliances, furniture, home/yard equipment.
- For married couples, up to $5,400 worth of household good, appliances, furniture, home/yard equipment.
- Up to $2,000 of miscellaneous personal property, of which no more than $200 can be cash and no more than $200 can be bank accounts or other securities.
For more information on these and other bankruptcy exemptions, call 877-349-1309 or complete our free bankruptcy case evaluation form and we'll put you in touch with a local bankruptcy attorney today.
Is Filing Bankruptcy in Washington Right for You?
If you are suffering under a mountain of debt and expenses that you just can't keep up with, but you do have a job or some other source of regular income that you can use to make payments under a repayment plan, a Chapter 13 may be right for you.
You may be able to use Chapter 13 to liquidate the majority of your debts, set up a reasonable debt repayment plan, and get a fresh financial start.
Chapter 13 is an option for anyone who doesn't qualify for Chapter 7 bankruptcy in Washington. However, both chapters share the same aim: to offer legal protection while you get your debt under control.
For full details on both Chapter 7 and Chapter 13, and to learn of other bankruptcy information pertaining to your case, speak with a Washington bankruptcy attorney.
Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.