Part of filing bankruptcy is choosing the right chapter to file under. In my experience as a Seattle – Kent bankruptcy lawyer I have helped people not just file bankruptcy, but find the right bankruptcy chapter for their situation. Chapter 7 is the best choice for most of my clients. This is because a chapter 7 bankruptcy is the fastest, least expensive form of bankruptcy.
Chapter 7 Bankruptcy Advantages
- You don’t make any more payments to your creditors.
- Chapter 7 stops garnishments immediately.
- The chapter 7 discharge covers credit cards, medical bills, personal loans, lines of credit, payday loans, car loans, mortgages, and deficiency judgments. If you don’t see one of your debts in this list, give me a call and I can tell you how it is treated in bankruptcy.
- You can get rid of debts to utility companies; and, the utility company cannot shut off your service. This is a huge savings if you have fallen behind on a water bill or electric bill.
- I can file your bankruptcy in less than a week.
- As soon as you file bankruptcy, the harassment stops.
- You can keep your car.
- You can keep your house.
- You are done in 90 days.
Filing Chapter 7 Bankruptcy With A Seattle – Kent Bankruptcy Lawyer
File a chapter 7 requires a few simple steps.
- At your free consultation, we will go over your situation and I will give you all of the materials you need to get started.
- I will run the Means Test. The Means Test determines your eligibility for chapter 7. Most people pass the Means Test and qualify for a chapter 7.
- I will go over the information that I need from you. The information is pretty basic. I need to know what kind of property you have and a basic financial history. I will use a bankruptcy formatted credit report to find your creditors. If you ever have any questions about the process, I am always glad to talk with you on the phone, email with you, or setup a meeting in my office.
- I set you up with the required bankruptcy credit counseling. It is done online and at your convenience. You do not have to worry about “passing.” All you have to do is complete it.
- Once that is done, you come to my office and sign the petition. Then I will file it electronically.
- Approximately 30 days later, we will go to the 341 meeting of creditors. All you have to do is answer a few questions about your petition. I represent you there.
- Finally, you take a required financial management course. This is also done online. My clients report that it is very useful and showed them how to learn the most from the bankruptcy process.
- You get the discharge on all of your debts about 90 days after you file. This relieves you of your obligation to pay your credit cards, medical bills, personal loans, lines of credit, signature loans, payday loans, car loans, mortgages, and deficiency judgments.