Why File for Bankruptcy?
Are you experiencing any of the following financial concerns? If so, bankruptcy is likely your best 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 repay debts
Chapter 7 Bankruptcy
Alternatively known as “straight” bankruptcy, Chapter 7 eliminates most of your debts, with some exemptions. You might need to give back some of your property while keeping essentials to maintain a quality standard of living.
In some cases, the property is taken to pay your creditors. However, certain states permit the filer to keep their vehicle, clothing, jewelry, life insurance, retirement plan, etc., but this greatly 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.
How We Can Help You
If you’re filing bankruptcy in Vancouver, it is best to consult with a lawyer in advance. 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. A variety of issues can arise when it comes to auditing a home and other assets, and a professional legal representative can help you navigate the case.
Contact our qualified bankruptcy attorneys about filing for Chapter 7 bankruptcy. Once you hire a lawyer from Brian Walker Law Firm PC in Vancouver, you can relay your creditors to us so they stop contacting you. Our fees are dependent on the specific case it is and its intricacy. Gives us a call today so you can stop worrying.