Should I File for Bankruptcy?
If any of the subsequent instances represent your existing circumstances, then bankruptcy may be your only legitimate selection.
- You are unable to pay utility bills
- You have medical bills you cannot repay
- Your house is about to be foreclosed
- Your car is about to be repossessed
- You have been unemployed for months and can’t pay off debts
Chapter 7 Bankruptcy
This is also known as “straight” bankruptcy, Chapter 7 eliminates most of your debts, with some exceptions. It’s likely that some property will be repossessed, but you’ll be allowed to keep fundamentals to keep a quality measure of living.
Sometimes your property will be reclaimed to pay your creditors. However, some states permit the filer to keep their vehicle, clothing, jewelry, life insurance, retirement plan, etc., but this significantly changes from state to state. Items are appraised first before the judge makes a verdict on what property is exempt and non-exempt. The filing cost is different in each state.
Call Us for Help
After deciding to file for bankruptcy in Longview, Washington, it is best to discuss it with a lawyer ahead of time. Bankruptcy is a complex which involves dealing with creditors. Before you decide to file Chapter 7 bankruptcy, call a lawyer at Brian Walker Law Firm PC. Various issues can arise when it comes to valuing a home and other items, and a qualified legal representative can help you find a way through the situation.
Get in touch with our experienced bankruptcy attorneys about filing for Chapter 7 bankruptcy. After hiring an attorney from Brian Walker Law Firm PC in Longview, you can direct your creditors to us so they stop calling you. Our fees are reliant on the specific case it is and its complexity.