Discharging Your Debts
Filing for Chapter 7 Bankruptcy
Financial problems can impact many aspects of life, and make daily living extremely worrisome and stressful. If you are overwhelmed by debts, filing for bankruptcy may be the right solution to your financial situation. The bankruptcy process begins with the means test, which will establish your eligibility for Chapter 7, the liquidation of non-exempt assets followed by the discharging of any remaining debts. Assets that may be exempt from liquidation include:
- Wages
- Your home
- You car
- Alimony
- Child support
- Retirement savings
- Pensions
- Disability benefits
If you are in financial trouble, seeking help from a qualified legal professional is critical . An Yakima bankruptcy lawyer can analyze your finances and discuss your eligibility for bankruptcy. Your assets can also be reviewed to determine what property you will be allowed to keep. In Chapter 7, there are also certain kinds of debts that cannot be discharged, such as child support, alimony, taxes and educational loans that an attorney can explain more about. Fully understanding bankruptcy and Chapter 7 laws and procedures is vital, and can help you decide whether or not bankruptcy is right for you.
Yakima Bankruptcy Lawyer
Eastwood Law is a respected bankruptcy law firm that has successfully helped many clients through the bankruptcy process. We are attentive to our clients needs and provide whatever assistance is needed to enable our clients to achieve a debt-free life. Our firm will conduct a thorough review of your finances and discuss all of your debt relief alternatives. We will explain the bankruptcy process in detail and can answer any questions you have regarding Chapter 7 or Chapter 13. Attorneys at our firm have extensive legal knowledge, and are committed to your financial well-being. We will work tirelessly to help you achieve a bright financial future.
Contact an Yakima bankruptcy attorney for proven representation if you intend to file for bankruptcy.