Located along the southwestern border between Washington and Oregon state is Ridgefield, a young city of nearly 5000 residents with a median age of just over 32 years of age. Ridgefield first gained national attention because of the area’s notable ties to the famous Lewis and Clark Expedition of 1804 to 1806, though it is also known for its expansive wildlife refuge which is home to numerous migrating waterfowl each year.
This suburban community has proven to be a popular one for young families, with nearly 44% of the homes in Ridgefield having children under the age of 18. Not only does it offer respite from busy city life, but it is only 20 minutes outside of the city of Vancouver, Washington and just over half an hour and one bridge away from neighboring Portland, the largest city in the state of Oregon.
Bankruptcy Exemption Options for Washington Residents
Today’s tumultuous economic climate has many families and individuals struggling to make ends meet. In Ridgefield alone, 4.4% of families and just over 6% of the general population were below the poverty line. Fortunately, Washington State offers some rules and laws that can help you protect your property or maintain some assets for you and your family.
Exploring Your Exemption Options
The filing process is typically governed by federal law, however there Washington state laws that can or will come into play if you choose to file for bankruptcy.
Chapter 7 Exemptions: Exemptions under Chapter 7 allow you to determine what property you keep. For example, if the law has a $7500 motor vehicle exemption and your only car is worth $5000, you may be able to keep your car
Chapter 13 Exemptions: With this exemption, individuals are able to retain all of his or her property and reorganize their debt
Common exemptions include: bank deposits, burial property, homestead and residential property, insurance benefits and partnership property.
One important item of note is that an individual cannot mix and match state and federal laws to his or her benefit. Generally the individual filing for bankruptcy must choose between one or the other, or in some situations your state will require you to use only state laws.
Which State Can I File Bankruptcy In?
Individuals can only file for bankruptcy in the state which he or she is living or has lived in recently. This is known as a “domicile requirement.”
Navigating state and federal laws surrounding bankruptcy can be confusing and can leave you and you family with less than you may need to lose. At the law office of Erin Bradley McAleer, we offer free confidential consultations to our clients in order to discuss their particular situation.
If you’re considering filing for bankruptcy, we invite you to call us at (360) 334-6277.
Directions to Our Vancouver Criminal Defense Attorneys from Ridgefield, WA
These directions are from Google Maps starting from:
Ridgefield, WA 98642
Total Est. Time: 20 mins
Total Est. Distance: 15.8 mi
- Head north on S 5th Ave toward Pioneer St
- Turn right onto Pioneer St
- At the traffic circle, take the 2nd exit onto NW 269th St/Pioneer St
- At the traffic circle, take the 2nd exit and stay on NW 269th St/Pioneer St
- Take the Interstate 5 S ramp to Portland
- Merge onto I-5 S
- Take exit 1D for 4th Plain Blvd
- Keep right at the fork and merge onto E 4th Plain Blvd
- Merge onto E 4th Plain Blvd
- Turn left onto Main St
- Destination will be on the right
We are located at:
3709 E. Fourth Plain Blvd.
Vancouver, WA 98661