Law Office of Ruth Nelson
What Can Bankruptcy Do For Me?

Why Chapter 7 bankruptcy might be the right choice for you

On Behalf of | Oct 9, 2014 | Creditors' Rights

Do you think Chapter 7 bankruptcy could change your life? If you are currently struggling to make just the minimum payments on your debts, the answer could be a resounding “yes.” Chapter 7, or liquidation bankruptcy, allows filers to wipe clean their financial slates, providing them with the opportunity to start over again without financial hindrances. Consumer bankruptcy might just be the right choice for you.

With Chapter 7 bankruptcy, you can put an immediate stop to the creditor harassment that has been plaguing you every day. Further, bankruptcy processes immediately halt any garnishments and lawsuits from your creditors, and it can even help during a foreclosure. Chapter 7 offers more opportunities for discharging debts in some cases than Chapter 13. Even if you do not think you qualify for this type of protection, it makes sense to determine whether that is truly the case!

Although bankruptcy law did undergo a series of modifications in 2005 to tighten the system, it is definitely still possible to qualify for bankruptcy. The trouble: Now, the government requires more paperwork and has put up additional barriers to filing. That is why you need an experienced bankruptcy attorney to guide you through the process in Washington.

Your attorney can help you determine whether you are eligible to file for Chapter 7 protection. Many debtors have so little property and assets as compared to their liabilities that they easily qualify. Filing for bankruptcy can vastly improve the quality of your life. No more collection calls. No more wage garnishment — and no more harassment because of a default on payments. By filing for bankruptcy, you are investing in your financial future and providing yourself with critical resources.

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Law Office of Ruth Nelson
7742 14th Avenue NW
Seattle, WA 98117
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