Informational Blogs
Bankruptcy. Chapter 7. Chapter 13. Bankruptcy Attorney Federal Way Auburn Des Moines Tacoma Fife Seattle Bellevue Lake Tapps Bonney Lake Puyallup. In a previous update, we described different ways that a lawsuit can be started against a person: 1. Classic Method: Plaintiff files lawsuit, gets a case number and then serves on Defendant; or 2. Current Method: Plaintiff serves Defendant…Read More
Over the past few months our firm have seen an increase in people wanting to “get their lives organized” both personally and financially for peace of mind. As a result, we have seen an increase in people meeting with us to prepare Living Trusts. A great thing about having a Living Trust is that they are flexible enough to be…Read More
If you have a credit card at a bank where you also have a checking account, you need to be aware of the following important information: The following happened to a client this week: Client X has an excellent credit score with no late payments. Client X has a bank account with a national bank. Client X also has a credit card…Read More
Collection & Credit Card Companies and the Lies They Tell I know this may come as a shock to some, but Credit Card and Collection Companies will tell you "lies" to try to scare you into making a payment they are also down-right rude and insulting on several occasions. Here is the reality....take care of you and your families' needs…Read More
Chapter 13 Bankruptcy Allows Homeowners 36 months to cure past due house payments Bankruptcy Attorney Federal Way Auburn Lake Tapps Bonney Lake Puyallup Tacoma Seattle Over the past few months, many people have tried to modify their existing home loans. Unfortunately, most people have run into long delays concerning their lender. People are under the impression that if they stop…Read More
Prior to this legislative session, Washington required only sellers of residential real property to provide a disclosure to buyers regarding certain aspects of the real property to be transferred, unless the buyer expressly waives the seller's disclosure. With the Legislature's passage of SSB6749, which Governor Gregoire's signed into law today, this requirement has now been extended to sellers of commercial real…Read More
Some people are involved in automobile collisions at a time when they do not have current car insurance. In Washington, an insurance company can have your license suspended if there is a claim against you and you did not have insurance at the time of the collision. Filing for Chapter 7 or Chapter 13 Bankruptcy protection is a way to…Read More
On March 2, 2010 the House passed SSB 6831, which provides that the funding of credit shelter, generation skipping transfer tax, and marital trusts that use a formula based on the federal exemption amount as the reference for funding will be governed by federal exemption in place on December 31, 2009, for decedents who die after December 31, 2009 and before January…Read More
There are a few misconceptions about the interplay of IRS Taxes and Bankruptcy. A. IRS Taxes are dischargeable in bankruptcy if a 3-Part Test can be satisfied: If the taxes owed are for a taxable year more than 3 years from the date of filing bankruptcy; and The tax return has actually been filed for at least 2 years prior…Read More
Creditors have been extremely aggressive in serving lawsuit quickly (but not necessarily filing them in Court). This is explained below. In Washington, if you receive a summons and complaint, you only have 20 days to file a Notice of Appearance and Answer to the Complaint FROM THE DAY IT IS SERVED UPON YOU. If you don't do it in the correct…Read More