Jump to Navigation

Vancouver Exempt vs. Non-Exempt Property

Washington Property Exemption Attorney

Even when bankruptcy can help you rebuild your life, there are still going to be a lot of changes. At the Vancouver, Washington, Law Offices of Robert M. Gregg, we help people face the prospect of bankruptcy. We know you have a lot of questions about what to expect from the process, especially when it comes to exempt versus nonexempt property. Under the guidance of bankruptcy lawyer Robert M. Gregg, we will be a resource for you every step of the way.

Understanding Exempt Versus Nonexempt Property

Many people are misinformed about what they have to give up and what they can keep during the bankruptcy process. The exemptions vary from state to state, and each individual faces unique challenges. Taking a close look at your immediate and long-term financial picture, we will help you understand what to expect.

Washington uses both state and federal exemptions in the bankruptcy process, including a wild-card exemption. How these exemptions will apply to your case depends on a number of facts, including whether or not you file for Chapter 7 or Chapter 13 bankruptcy. We will help you determine how the following exemptions apply to you:

  • House
  • Vehicles
  • Retirement plans and pension plans
  • Savings account
  • Household goods and furnishings
  • Cash value of insurance policies

Contact Us

Before you file for bankruptcy, make sure you know what to expect from the process. From our offices in Vancouver, we help clients in southwest Washington get answers. We are available weekdays from 8:30 a.m. to 5:00 p.m. Call us at 360-694-6505 or contact us online today to schedule a free initial consultation and learn more.