Bankruptcy

Bankruptcy is the process of using the law to modify the rights of your creditors.  There are different types of bankruptcy.  The different types of bankruptcy are known as “Chapters.”  Most individuals either file Chapter 7 or Chapter 13.  A person who files bankruptcy is referred to as the “debtor.”

There are many misconceptions about bankruptcy.  Frequently, potential bankruptcy clients assume that they will lose assets, that they make too much money, that they will have to do a payment plan, or that they simply don’t qualify for bankruptcy relief at all.  The reality is most of our clients qualify for Chapter 7 bankruptcy and don’t lose any assets.  Clients who make too much money to file Chapter 7, or have assets they would lose in Chapter 7, can usually file Chapter 13.  Rarely will bankruptcy not provide relief to people facing pressure from their creditors to make payments they cannot afford.

After a brief consultation I can give you a good idea of what your bankruptcy options are and how much it will cost. If you would like to schedule a free initial consultation to discuss your bankruptcy options click here or call us at (425) 258-2704 or (866) 415-1705