If you’re ready to start a new chapter in your financial life, now is an excellent time to start looking at your options for repaying debt, cancelling debt or negotiating your way out of debt. There are options like bankruptcy that may help you resolve your debts...
A Blog About The Law In And Around Port Orchard
How health insurance sets people up for personal bankruptcy
If you read the statistics about the number of people who filed for bankruptcy because of medical debt, you might assume that most of those people didn't have health insurance. Being uninsured when you get diagnosed with cancer or suffered severe injuries in a freak...
When should you update your existing estate plan?
Actually drafting a will or estate plan is an important project that many people delay. If you have already taken the time to put your last wishes in writing, you may feel confident that you have protection regardless of what happens in the future. You may have named...
Tired of random creditor calls? An automatic stay can help
Bankruptcy comes with plenty of benefits. One of them is the use of an automatic stay. An automatic stay is a helpful provision in bankruptcy law that prevents collection agencies, government entities, creditors and others from trying to pursue money they say that you...
THE NEW WASHINGTON HOMESTEAD
On May 12,2021, Governor Jay Inslee Signed into law the most sweeping change of the homestead laws in over 15 years. This change will be a great benefit to homeowners, particularly those struggling with debt. Homestead laws have existed since the creation of the state...
Deal with financial anxiety in a healthy way
Anxiety and financial well-being can go hand in hand. Those who are able to manage their anxiety in a healthy way often recognize when they are feeling stressed, and they try not to react to their negative feelings through coping mechanisms that will only make the...
Now is a good time to calculate your debt-to-income ratio
The first couple months of any new year is a good time to review personal financial information and plan for the upcoming months. If you are struggling to pay everyday expenses or unexpected ones, you may have too much debt relative to your income. Your debt-to-income...
Is a Chapter 7 bankruptcy filing right for me?
Debt happens to many of us, and for many reasons. It could be an injury or illness that resulted in unmanageable medical debt. A job loss, something happening across the country right now, might have taken away your source of income and wiped out your savings. Divorce...
Will I get to keep my house if I declare bankruptcy?
When you feel overwhelmed with debt, you may feel like there’s no way out. You are struggling to pay your bills each month. Your credit card debt has dramatically increased because your employer laid you off earlier this year. Now, you’re in danger of foreclosing on...
Special needs trusts work with benefit programs
While federal and state government programs often provide assistance for people with disabilities, these typically only cover essential needs. Not only that, but individuals and families who have income higher than the limits set by these programs may get no help at...
