law office of Noel Shillito

Moving Beyond Bankruptcy

Bankruptcy In Washington State: 2013

Thursday, August 28, 2014
Through the end of September 2013, nearly 25,000 residents of the State of Washington filed for one form or another of bankruptcy. That is nearly 1/8th of the population of the city of Tacoma filing for bankruptcy just in this last year. While the numbers may be shocking, what is amazing is looking at the numbers compared to city populations.  Instead of throwing numbers around, we take a look at what the numbers actually mean compared to cities around Washington State.

Through the 9th month of 2013, there were a total of 25,730 total bankruptcy filings for individuals, couples and businesses. That is as if the entire city of Maple Valley in King County filed for bankruptcy at the same time.

Business wise, 781 companies around the State of Washington filed for bankruptcy, which is also nearly the same size as the city of Mossyrock in Lewis County.

Through September of 2013, 24,949 individuals filed for bankruptcy. That is nearly the same amount of people who live on Mercer Island in King County.

Looking at Chapter7 Bankruptcy Filings for 2013 so far, 20,261 cases have been filed. This would be as if the entire polulation of Port Angeles in Clallam County filed for Chapter 7 this past year.

188 filings for Chapter 11 were issued, which is the average maximum occupancy at your favorite chain restaurant.

5,277 filed for Chapter 13 this past year, which is approximately the same as the population of the city of Ocean Shores in Grays Harbor County.

With a state Population that is estimated at around 6,897,000, the total number of people and businesses filing for bankruptcy seems small. However, when you think of the impact that having an entire city file for bankruptcy would have, this is a big deal.

We put these facts and figures out there for you to read so you can see you are not alone. Tens of thousands of people across the state are in the same boat as you. You are not alone and we can help you.

Contact us today if you are thinking about filing for bankruptcy.

For more information on State and County Bankruptcy Numbers:

Chapter 7 vs. Chapter 11

Thursday, August 28, 2014
We get calls asking us for help and many times people aren't sure what classification they fit into. We figured we would help you sort through the confusion and give you clear, concise definitions of Chapter 7 and Chapter 11 bankruptcy. These are not the legal definitions, but should serve as a guide to help you decide which one is best for your situation.

Chapter 7: This is liquidation. If you file for Chapter 7, your assets will be sold and debt will be forgiven. Obviously, this is more complicated and we will gladly explain the finer details if you are looking for help.

Chapter 11: This is a repayment plan. If you file for Chapter 11, the courts will work out a payment plan to pay down your debts in a longer time period. For Chapter 11, there is no limit to the amount of secured debt you have, however, proof of a steady and reliable income must be shown.

If you think you may need to file for Chapter 7 or Chapter 11, we can help. We are Tacoma’s Premiere Bankruptcy Attorneys, and we are ready to get you back on your feet. Contact us today.

Tacoma's Premier Bankruptcy Lawyer

Thursday, August 28, 2014
People ask us why we call ourselves Tacoma’s Premier bankruptcy lawyers and the answer is simple. We do our job the best we can for every single client, family, and business we represent. We fight for you and our results show this to be true.

Being located in Tacoma, we have seen the ebb and flow of financial successes and struggles here in Pierce County. We know that sometimes finances get out of control and the only way out is to file for bankruptcy. That is why we strive with every client to take away the fear, stress and frustration of filing for bankruptcy with our honest, friendly approach.

With well over 60 years of experience helping the community file for Chapter 7, Chapter 11 and Chapter 13 bankruptcy, we feel confident in our abilities to get the best results for you. Take some time, give us a call and let us prove to you that we deserve the title of Tacoma’s Premier Bankruptcy Lawyers.

Help In Tacoma

Thursday, August 28, 2014

Here in Tacoma, we at Shillito Law are able to help you file for bankruptcy whether you are a large or small business or an individual who needs help. Located in Pierce County, we know the area well and have a strong, proud history of helping the community.

We are proud of our history and service to the great Puget Sound area and want to help you. We understand the decision to file for bankruptcy, whether it is for you and your family or for your business can be a difficult one, but our goal is to help you as best we can. We specialize in everything from debt collections to credit help and Chapters 7, 11 and 13 bankruptcies, and we do so out of care for the community. If you want to be represented by Tacoma’s Premier Bankruptcy Lawyers, give us a call today.

You Are Not Alone!

Thursday, August 28, 2014

Thinking you are alone in considering bankruptcy?

Often, our clients feel that what they are embarking on is foreign and not that common. On our initial meetings, we often hear about shame, embarrassment or feeling down about having to file for bankruptcy, however, this process is more common than you might think.

In 2012, nearly twenty-one thousand people filed for bankruptcy in the state of Washington alone. Out of these, nearly eighty percent were Chapter 7 bankruptcies. In the entire United States population, the number of bankruptcies was well over one million people.

Claiming bankruptcy is done daily around the state and the country, and with years of experience and a reputation for professionalism and results we here at Shillito and Giske can help you through this event in your life.

For more information on this data, you can follow the link: ( ) or you can contact us at the following:

Phone: (253) 572-4388



Phone:  253.572.4388  |  Fax:  253.572.4497  |  Email:  |  1919 North Pearl St, C-2,  Tacoma, WA  98406