Why File for Bankruptcy?
If any of the following situations embody your present circumstances, then bankruptcy may be your only legitimate option.
- You are unable to pay utility bills
- You have medical bills you cannot repay
- Your house is about to be foreclosed
- Your vehicle is about to be repossessed
- You have been unemployed for months and can’t pay off debt
Chapter 7 Bankruptcy
Otherwise known as “straight” bankruptcy, Chapter 7 eliminates most of your debts, with some exemptions. It’s likely that some property will be repossessed, but you’ll be able to keep fundamentals to maintain a quality of living.
In some cases, the property is taken to pay your creditors. However, some states permit the filer to keep their vehicle, clothing, jewelry, life insurance, retirement plan, etc., but this majorly differs from state to state. Possessions are valued first before the judge makes a verdict on what property is exempt and non-exempt. The filing cost varies in every state.
How We Can Help You
If you’re filing bankruptcy in Washougal, it is best to discuss it with a lawyer beforehand. Bankruptcy is a complex which requires you to deal with creditors. Before you file for Chapter 7 bankruptcy, call a lawyer at Brian Walker Law Firm PC. Various issues can arise when it comes to evaluating the property and other assets, and a professional legal representative can help you find a way through the case.
Call our qualified bankruptcy attorneys about filing for Chapter 7 bankruptcy. Once you hire a lawyer from Brian Walker Law Firm PC in Battle Ground, you can refer your creditors to us so they stop contacting you. Our charges are based on the type of case it is and it’s involvedness.