Chapter 7 Bankruptcy

Stop Harassment from Creditors

The The Terry Law Firm, Kent, Washington - As soon as your chapter 7 bankruptcy has been filed, our bankruptcy lawyer is able to stop harassment from creditors. Any creditor calls should be directed to our law office. Your phone stops ringing. You can sleep at night. And how do you know if a Chapter 7 bankruptcy is right for you or your business?

This informational packet  will give you a preliminary idea whether or not a Chapter 7 bankruptcy is right for your financial situation. The questionnaire should be self-explanatory, but we’ve also provided instructions in its use.

Most people are unaware of the difference between a Chapter 7 a Chapter 13. Basically, a chapter 7 is a liquidation or “fresh start” bankruptcy, and a Chapter 13 is a bankruptcy plan that consolidates debt and repays the debt over time. Each has its own rules and monetary limits. Our law firm has a significant amount of experience with both Chapter 7 and Chapter 13 bankruptcies for individuals, businesses, and sole-proprietors.

For your benefit, our bankruptcy attorney has provided you with the answers to some frequently asked questions about bankruptcy.

Chapter 7 Bankruptcy Law Firm

Our law firm has a broad range of services we provide to our bankruptcy clients.

• Resources. We have a network of people and companies, such as auto dealers, that can help you in a variety of ways.
• Flat fee. Our bankruptcy lawyer has a flat fee for uncontested bankruptcy proceedings.
• Network. We can help you with loan workouts, mortgage refinancing, reverse mortgages and more.
• Experience. We’ve helped a number of desperate individuals and distressed businesses. We can help you too.
• Buffer zone. We stand between you and those nasty phone calls. We stop harassment from creditors.
• Ears. We know it takes a lot to pick up the phone, or walk in the door of our law office. We listen. We know you’re stressed and we can help.

Consumer Chapter 7 Bankruptcy Overview

Also known as "Fresh Start" or "Straight" bankruptcy, Chapter 7 bankruptcy allows a person to eliminate most, or all of his or her debt while being allowed to keep certain property he or she may have. In many cases, a person may keep their home or car (secured debt), provided that they continue to make current payments and are up to date on the loan. Chapter 7 is the most commonly filed form of bankruptcy and can allow for a new start. Chapter 7 bankruptcy allows for their debt to be discharged and lets them gain control of their financial situation with a fresh start.

Chapter 7 eliminates:

• Credit card debts
• Deficiency debts on repossessed autos and foreclosures
• Judgments (unless fraud or criminal related)
• Lawsuit debts
• Medical debts
• Personal injury debts (except driving while intoxicated and criminal injury)
• Personal loan debts

Chapter 7 does not eliminate:

• Alimony, maintenance, or support payments
• Certain types of taxes
• Court fees
• Debts from personal injuries caused by driving while intoxicated
• Debts incurred through fraudulent conduct
• Debts incurred through intentional injury to person or property
• Debts or creditors not listed on the schedules filed at the outset of the case
• Fines, penalties and criminal restitutions
• Government-imposed restitution, fines, or penalties
• Recent federal, state, and local taxes
• Student loans (except undue hardship cases)

Chapter 7 Bankruptcy for Business

Small businesses can declare a Chapter 7 bankruptcy as a way of closing their doors, and letting the world know they are no longer in business. A small business bankruptcy in Washington Chapter 7 filing is a last resort that is sometimes used when the business has overwhelming financial obligations to vendors, landlords, or other debts.

Helping you Face and Resolve your Problems

If you want to stop harassment from creditors and get out of debt, we urge you to call or contact our Kent Washington law office to schedule an appointment for an initial consultation.

The The Terry Law Firm, designated as a Federal Debt Relief Agency by an Act of Congress and the President of the United States, has proudly assisted consumers seeking relief under the U.S. Bankruptcy Code for over 15 years.