Washington Bankruptcy Lawyers
Let a Washington bankruptcy attorney assess your financial situation.
Taking control of your finances means gathering the information you need to make educated decisions. Talking to a Washington bankruptcy attorney can be the first step in that process.
A bankruptcy lawyer may provide specific answers to questions that could have a big impact on your future. For example, can bankruptcy clear your debts and secure your home for the future?
Each year bankruptcy helps many people do just that. And in Washington, which has some of the strongest bankruptcy protection laws in the country, many people use bankruptcy to wipe out debt from a number of sources.
Find out if bankruptcy could help you during a free case evaluation with a Washington bankruptcy lawyer. Complete the form on this page and we'll connect you right away.
Washington Chapter 7 Bankruptcy Exemptions
In Washington, there are two main options for personal bankruptcy: Chapter 7 and Chapter 13. Neither is necessarily better than the other. They each work in different ways to achieve the same goal: A secure resolution for your debts.
Chapter 7 bankruptcy is designed to quickly clear debt related to credit cards, medical bills, personal loans and utility bills. In only a few months, a Chapter 7 filing may wipe all of these clear without you making payments or negotiating a lump sum settlement payment.
In fact, Chapter 7 is built only for people who don't have the income needed to pay back debts. In order to file you must pass what's called a means test to prove your need. Typically, if your income is below the median in Washington then you will qualify.
If you are eligible to file, then Chapter 7 may be a life changing event for you. Washington's bankruptcy laws offer some of the strongest Chapter 7 exemptions in the country. This means that in Washington you get stronger protections for your home, car and other important pieces of property than in most states in the country.
Because you don't pay back debts in a Chapter 7 case, there are instances where creditors call for a forced sale of valuable property. But there may be no forced sale of any property covered by exemptions.
In Washington, Chapter 7 exemptions include:
- $125,000 for home, land, mobile home and improvements OR up to $15,000 worth of other personal property
- $2,500 for a vehicle for a single adult; $5,000 for multiple vehicles for a married couple
- All family pictures and keepsakes
- $1,000 of clothing and jewelry
- $1,500 private libraries
- $2,700 worth of household furnishings, appliances, furniture, home and yard equipment for an individual; $5,400 of same items for married couple.
- $2,000 for other miscellaneous personal property
For many filers, these exemptions allow them to secure their home, cars and other valuables while finally getting control of their debt.
However, some people need to address debt related to home mortgages or car loans. In these cases, Chapter 13 bankruptcy may be a better choice. It provides even stronger protections for your property and may save you from foreclosure and repossession as you get control of your car and house debts through a court-secured payment plan.
Get Answers with Washington Bankruptcy Lawyer
So which option is best for you? That will depend on many factors, but it's easy to get answers about how these complex laws may affect you. A Washington bankruptcy lawyer may take you through the filing process step by step and lay out all of your options. Then, you can make an informed decision about what's best for you.
To speak with a Washington bankruptcy lawyer near you for free, simply complete the form on this page and we'll connect you right away.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.