As many Seattle residents may imagine, filing for bankruptcy has a wide-ranging effect on an individual's life. Your assets and financial dealings will all be scrutinized as your filing moves through the courts, which will determine which debt can be discharged and...
Month: July 2013
Filing for bankruptcy does not mean your 401(k) will disappear
Many Seattle residents may be under the impression that, if they were to file for bankruptcy, many of their assets would be liquidated or lost through the process. In some cases, this is true; but every bankruptcy is unique, and there are few guarantees about what...
Most expensive home in U.S. is ‘America’s largest short sale’
A Connecticut home with Washington ties is currently listed as the most expensive private home for sale in the entire U.S., but it comes with a catch. Specifically, a $124 million catch.Copper Beech Farm sits on 50 acres in Greenwich, a tony bedroom community of New...
Bankruptcy can stop foreclosure, but so can good math skills
Many Seattle residents will want to hear about a new foreclosure study performed by Princeton University researchers. They interviewed 300 people -- all of which obtained a subprime mortgage in 2006 or 2007 -- garnering some background information about their...
Will IRA funds be kept out of creditor reach during bankruptcy?
When a consumer files for bankruptcy protection, a trustee is assigned to their case to essentially organize all of the creditor claims and determine what assets could be liquidated or how much the consumer can pay towards satisfying the debts. All assets and...
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