Washington Chapter 7 Bankruptcy Attorney

Seattle    ~    Everett     ~     Tacoma

   (206) 624-9605     (425) 653-4337      (253) 591-9191

Eliminate your debts now!

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Our Washington State Chapter 7 bankruptcy attorneys can help you get rid of most or all of your debts.

A Washington State Chapter 7 Bankruptcy typically discharges or "wipes out" nearly all of your unsecured debts.

What is an Unsecured Debt?

A Washington State Chapter 7 bankruptcy should be able to successfully wipe out almost all of your unsecured debts.  The most common kinds of unsecured debts successfully discharged are credit card bills and medical bills.  But personal loans, payday loans, most collection debts, and any other debts that have no property (collateral) attached to them are also considered unsecured debts. 

With a few exceptions, such as student loans and most back taxes, these debts will almost always be completely wiped out in a successful Washington Chapter 7 bankruptcy filing.  This is a tremendous benefit to our bankruptcy clients, as it instantly increases their monthly cash flow and allows them to begin rebuilding their credit.

Additionally, any remaining balances on a repossessed car or a foreclosed property that has been sold are also unsecured debts.  Other examples of unsecured debts include utility bills, past due rent, and most lawsuits.  In almost every instance, these unsecured debts are discharged in you WA State Chapter 7 Bankruptcy.

Can taxes and student loans be discharged in Washington State Chapter 7 Bankruptcy?

Although personal income taxes are a form of unsecured debt, the requirements for discharging them in Washington State personal bankruptcy are very strict.  Personal income taxes can be discharged in Chapter 7 Bankruptcy if they are unpaid taxes from at least three years ago and you filed your tax return at least three years ago as well for the tax debt you wish to discharge.  Student loans can rarely be discharged in Chapter 7 Bankruptcy.

How Do I Qualify for Washington Chapter 7 Bankruptcy?

Qualifying for Chapter 7 is usually not nearly as difficult as many people fear.  About 75% of people who file a consumer bankruptcy petition qualify for and file for Chapter 7 Bankruptcy.

The following are a list of general criteria to qualify for Chapter 7 Bankruptcy:

1.  You have not filed a previous Chapter 7 Bankruptcy in the past 8 years.

2.  You Pass the Form 22A "Means Test" in the Chapter 7 Bankruptcy Petition.   To Pass the "Mean Test" many factors are evaluated including: 

0. Your average household income for the past 6 months
0. Your family size, including children who may not live with you full-time but who you pay child support
0. Your monthly mortgage payments
0. Any child support or alimony payments
0. Tax Debt
0. Your monthly medical expenses and insurance premiums
0. Any daycare expenses
0. The amount of your unsecured debt

3.  Your Disposable Income:  The remainder of your take home income after your reasonable monthly expenses.

Our Experienced Washington State Bankruptcy Lawyers will analyze your financial situation and advise you whether you qualify for a WA Chapter 7 Bankruptcy.

Can I Keep my Property if I File a Washington Chapter 7 Bankruptcy?

Yes.  Most people keep all of their property in Chapter 7 Bankruptcy.  This includes your home, cars and all of your furniture and other personal belongings.  The bankruptcy code allows you to keep your home so long as you have no more than $125,000 of equity and also allows you to keep generous amount of personal property.

Our Experienced Washington State Bankruptcy Lawyers will advise you whether you can keep all of your property Chapter 7 Bankruptcy.

Call our law firm today for free, confidential consultation with one of our experienced Washington State Bankruptcy Attorney.