Chapter 7 Bankruptcy

Get Relief From Your Debts Through Bankruptcy

There are two "chapters" in the bankruptcy code that provide relief to consumers like you and I, Chapter 7 and Chapter 13. 

Chapter 7 bankruptcy is the quickest and most common type of bankruptcy. It can effectively assist you in freeing yourself from most unsecured debt, such as credit card debt, medical debt, or personal loans. It can also help you get out from under bad secured loans, such as car loans with high payments that are worth more than the car itself.

Preparing to file is a simple process of gathering information about your current financial situation, such as your income, the things you own, the debts you owe, and some of your past financial activity.

What if I don't Qualify for a Chapter 7 Bankruptcy?

Even if you do not qualify for a chapter 7 bankruptcy, we can help you organize your debts and get relief from fees and interest through a Chapter 13 repayment plan bankruptcy. A chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years, often saving their assets from foreclosure and repossession in the process. 

Are You Being Harassed By Debt Collectors, or Threatened with Garnishments or Foreclosures?

As soon as you file, the “automatic stay” stops all collection activities, including garnishments, court proceedings, foreclosures, and even the constant phone calls.

We Can Protect Your Assets, Don't Wait Until it is Too Late

While a Chapter 7 bankruptcy is often described as a “liquidation”, the truth is, with generous exemptions under both Washington and Federal law, a large majority of chapter 7 debtors are able to keep all that they own.

One of the biggest mistakes individuals make is waiting too long to determine whether filing is the right thing for them.

If you are experiencing financial struggles, contact us for a free consultation. Our team can help you find a solution.