Seattle Bankruptcy Attorney
Some wrongly believe that they must give up cherished personal possessions such as a car, furniture and home appliances in order to file for Chapter 7 or Chapter 13 bankruptcy. Others believe that their credit history prohibits them from ever enjoying credit again.
Bankruptcy Myths
Myth #1. Everybody will know I had to file for bankruptcy
While bankruptcy filings are a matter of public record, most members of the public do not follow court news. Your creditors will be notified, as they are directly involved, but the only people who will know that you filed for bankruptcy are the people you choose to tell.
Myth #2. I will never get credit again.
It is fairly easy to rebuild credit. After you have filed for Chapter 7 bankruptcy, you are much more credit worthy, because your old debts have been discharged and eliminated, including credit card debt, medical bills and utility bills. You will probably be able to qualify for a car loan.
Myth #3. I will never be able to file for bankruptcy again.
You are eligible to file a Chapter 7 bankruptcy once every eight years. What is more, you can file a Chapter 13 bankruptcy without waiting more than a short time after the close of another bankruptcy.
Myth #4. All my personal possessions will be sold at auction.
Under Washington law, you are allowed to keep up to $125,000 equity in your primary residence, your personal possessions or exempt assets in an amount sufficient to cover the furniture, tools and household goods that most people own. Non-exempt assets include such things as vacation homes, expensive boats and high end recreational vehicles.
Contact an Experienced Bankruptcy Lawyer
Andrew Gebelt offers a free initial consultation by phone to every client interested in learning more about bankruptcy. If you decide to go ahead, attorney Gebelt will meet with you to help you gather the necessary financial information, then file on your behalf. Call 425-488-0392 or locally at
Affordable Seattle Bankruptcy Lawyer
For a Chapter 7 bankruptcy, we charge:
- $625 if you are single ($600 service and $25 for a certificate of credit counseling)
- $660 if you are married ($635 service and $25 for a certificate of credit counseling)
All Chapter 7 bankruptcy filings have a $306 filing fee and a $10.00 certificate fee, which can be paid in three installments after the bankruptcy has already been filed. We will help you obtain your pre-filing certificates of credit counseling easily from http://www.abacuscc.org
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
