Seattle Bankruptcy Lawyer
Bankruptcy isn’t so bad. And with the advice and guidance of a Seattle bankruptcy lawyer you can get the answers to all of your questions and determine if it is a good solution for your situation.
Clients come from all demographics from rich to poor. Anyone who is gone through bankruptcy before understands that a bankruptcy can be very beneficial. Even large investors can use bankruptcy to get rid of unwanted debt and real estate. The fact is bankruptcy is part of a capitalistic system or businesses grow and die. A Seattle bankruptcy lawyer deals with all sorts of businesses and personal liability. Bankruptcy is the ultimate weapon against predators who are abusing their power and being overly aggressive.
Typically within 20 to 40 days after filing for bankruptcy clients must appear for hearing called a meeting of creditors. The meeting is overseen by an individual from the United States trustees office which is a division of the department of justice.
The chapter 7 bankruptcy process is known as a fresh start. The first step in the process is figuring out if you even qualify for Chapter 7 bankruptcy. Hey Seattle bankruptcy lawyer can walk you through a question near and list out your assets income expenses and Dowds to determine if a Chapter 7 bankruptcy is a good fit in a good solution for your particular situation.
To file bankruptcy and Washington state there’s a filing fee of $335. Hey Seattle bankruptcy lawyer must collect all legal fees upfront to avoid the fees being discharged in a Chapter 7 bankruptcy. We will discuss all fees during your initial consultation because not all cases are the same and there isn’t one flat rate for every bank situation.
Common Chapter 7 Bankruptcy Questions and Answers
Who qualifies for chapter 7 bankruptcy?
We take a look at your household income and if it below the state median for Washington state for you household size then you qualify if you haven’t filed bankruptcy in the last 8 years. There are a few additional factors which we can cover during your free consultation as well.
How long until my debts are completely discharged after filing bankruptcy?
Generally the entire chapter 7 bankruptcy process takes about 90 days from the date of filing. You will be notified by mail of your discharge. After you file your case you will have the protection of the automatic stay which forbids creditors from collecting on debts without court approval.