Discharge Your Debts in Chapter 7 Bankruptcy
Chapter 7 is the most common form of bankruptcy in the United States and is generally considered the simplest and quickest way for consumers to discharge their debts. In a Chapter 7 bankruptcy, the assets of the consumer are sold and the proceeds are used to pay the creditors included in the bankruptcy. In most bankruptcies, however, consumers are able to use important exemptions to protect their assets and hold on to their property, including their homes.
In Seattle, the Law Office of Daniel R. Whitmore helps individuals in the state of Washington find debt relief through Chapter 7 bankruptcy protection. By speaking with an attorney about your financial issues, you can figure out if bankruptcy is the right option for you and how filing for Chapter 7 bankruptcy could impact you, your family and your future. We can guide you through the process and answer any questions that you have along the way.
Is Chapter 7 Bankruptcy Right for Your Situation?
Chapter 7 bankruptcy has helped millions of people successfully overcome their problems with debt and find fresh financial starts. There are advantages and disadvantages to Chapter 7 bankruptcy, however, that you need to understand prior to filing. Our firm can help you understand your rights and provide the advice you need to make responsible choices.
In order to qualify for Chapter 7 bankruptcy in the first place, you will need to pass a "means test" that will examine your income and expenses in detail to see how they compare to the standard set by other consumers in your area. If your income is too great, you will not be allowed to file Chapter 7 bankruptcy and must file for Chapter 13 bankruptcy instead.
There are some kinds of debt that may not be discharged in a Chapter 7 bankruptcy. Child support, student loans, certain taxes and fines from drunk driving convictions may not be discharged in Chapter 7 bankruptcies. Some of these debts may be discharged in Chapter 13 bankruptcies, which allow individuals to pay back debts over a certain period of time.
Get the Relief You Need With a Seattle Bankruptcy Attorney
Take the opportunity to contact a lawyer at the Law Office of Daniel R. Whitmore and get answers to your tough questions about bankruptcy and debt relief. We can provide the advice and representation you need while preserving your rights in the bankruptcy process. Schedule a free case evaluation by calling our Seattle office at 866-467-5841. Find a fresh start to your financial future through Chapter 7 bankruptcy.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
