Understanding the Bankruptcy Process
How do I file for bankruptcy in Washington?
Bankruptcy is a federal process, which means that the basic steps are the same in every state. The only thing that is unique to the state of Washington is the exemptions that you can claim when filing. Your best decision when considering bankruptcy is to consult a Tacoma bankruptcy lawyer with the knowledge and skill to help you make the best decision. Washington Fresh Start is led by Attorney David Yando, who has more than 30 years of experience and has helped thousands of people find relief from their excessive debts. We can help you through each of the following bankruptcy steps:
Federal bankruptcy laws require you to take an online credit counseling class from an approved counselor before you can file for bankruptcy. This counseling provides information about the bankruptcy process as well as budget and credit management advice.
Taking the Means Test
In order to file for Chapter 7 liquidation bankruptcy, you must first pass the means test to prove that your disposable income is within the median to qualify for either Chapter 7 or Chapter 13.
Filing a Bankruptcy Petition
We can help you accurately complete your bankruptcy petition, which requires extensive income information and documentation of your financial situation. Once you've filed for bankruptcy, you will appear at a meeting with a court appointed Trustee, be placed under oath, and swear that the information that you've provided is accurate. You may also be asked a few more questions. Your creditors have the right to attend this court meeting, but are not likely to do so. Your attorney will be present at this meeting, as well.
For Chapter 7 cases, your debt will be discharged about two or three months after your court appearance. If you file under Chapter 13, your Wage Earner's Plan will set up a payment schedule for the next 3-5 years. After this payment period is complete, your remaining debts will be discharged. Tax debts and student loan debts may or may not be dischargeable; speak with an attorney to find out if you are eligible for such discharge.
Need to file for bankruptcy in Tacoma, WA?
Set up your free case evaluation with Attorney Yando today. The sooner you speak with a lawyer, the sooner we can help you get a fresh start. Our ultimate goal is to help you get out from under your overwhelming debt and rebuild your financial foundation.
Contact a Tacoma bankruptcy attorney right away to learn more about Washington Fresh Start and how we can provide the counsel that you need.