All Posts

The Washington State legislature has enacted significant changes to the Washington homestead statute. In general, the law provides for increases in homestead exemptions based on “the county median sale price of a single-family home in the preceding year.” The Washington State homestead amount is applicable in bankruptcy cases when debtors have elected to use it instead of the federal exemption. (Please note that 11 U.S.C. § 522(p) may limit the maximum amount of the state hom