Declaring Chapter 7 Bankruptcy in Washington – Welcome! My name is Jonathan Smith and I am a bankruptcy attorney in Bellevue, Washington.
I am going to talk briefly about a Chapter 7 bankruptcy at this point. Declaring Chapter 7 bankruptcy in Washington, is the bankruptcy that most people think of when they think of bankruptcy. This is what people do to essentially get rid of all of their unsecured debt and get a fresh start.
Chapter 7 bankruptcy gets rid of your credit card debt, your medical bills, your auto deficiencies and that sort of thing. Most people are able to keep everything they own, including their vehicles. But there are certain exemptions that are given. Also, you have to meet certain income requirements. But, most people don’t have a major problem with that.