Are you responsible for the debts of your parents? For many adult children who inherit their parents' estates, this can be a real concern. Financial experts say that there may be less danger than you think -- in most cases, a Washington estate is responsible for...
Month: June 2014
Can your IRA be taken in a bankruptcy? Protect your assets
In most cases, creditors shy away when they hear the words "individual retirement account." After all, an IRA is automatically protected during a bankruptcy proceeding, right? Not so fast. There are some situations in which your Washington IRA may not be as safe as...
Politicians file for personal bankruptcy, too: Medical debt looms
Would you trust a politician who has filed for bankruptcy? Although your first instinct might be a judgmental one, wait just one minute -- politicians and public figures suffer misfortune just like the rest of us Washington residents. The fact remains that bankruptcy...
Ashamed of your credit card debt? You’re not alone
Did you know that most Americans are more embarrassed about their credit card debt than their weight? A new poll from the National Foundation for Credit Counseling suggests that many Washington residents are bashful about their credit score. In fact, about one in...
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