Chapter 7 Bankruptcy // Thurston County
Filing for Chapter 7 in Washington allows you to wipe out nearly all unsecured debts, which will allow a clean slate for a fresh start. Bankruptcy filings help people who have little disposable income to pay back the debts they have acquired. In order to qualify for Chapter 7 bankruptcy in Washington, you must qualify, which usually depends on your average income of the past 6 months prior to filing.
Your Lacey Bankruptcy Attorneys know exactly how to determine if you are eligible to file. If your income is above Washington State’s median current monthly income, you will have to go through the Means Test to calculate if you have enough disposable income to pay at least something back to your creditors. This may mean you will need to file a Chapter 13 Bankruptcy instead of a Chapter 7. Please see the description of Chapter 13 here on our site.
Call Attorney Erin M. Lane (360) 753-5353
Once you are free of debts like credit cards, payday loans, personal loans, and repossessed vehicles, you usually will be allowed to keep your home, vehicle and other belongings, as long as you can continue to make the payments on any things you still owe money on. The first step towards filing for bankruptcy chapter 7 in Washington State is to make a formal petition in bankruptcy court. Included in those documents are the specific details of your finances. These include assets, property, debts, your monthly budget and income.
Working with an experienced bankruptcy attorney in Washington such as Erin M. Lane is extremely important, because the process of assessing your family’s current financial picture can sometimes include hurdles other attorneys might overlook.
Call your Lacey Bankruptcy Lawyers today, or send us an immediate message online. Learn about Chapter 13 Bankruptcy.
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