Bellingham Chapter 7 Bankruptcy Lawyer

Everyone deserves a fresh start. If you are struggling beneath mountains of debt, it may be in your best interest to declare bankruptcy. At my Bellingham, Washington, law firm, I diligently guide individuals, families and small businesses through the bankruptcy process.

Taking Control of Your Options

There are many roads to financial freedom. It is important that you explore each one in order to ensure that the path you choose will be the most beneficial. What may be right for one business or individual may not be the best option for you. At your free initial consultation, I will evaluate your circumstances and assist you in assessing a variety of available options including:

  • Chapter 7 bankruptcy: A four-month process that releases individuals and married couples from personal liability for most debts and prevents the creditors owed those debts from ever again taking any collection actions against them for the discharged debts. Washington state has very liberal exemptions that permit the overwhelming majority of my clients to keep everything they own. This means you could retain the equity in your family home, cash, bank accounts, household goods and furnishings, jewelry, clothing, retirement accounts, automobiles, tools of your trade and more.
  • Chapter 11 bankruptcy: A means by which businesses can restructure their finances so they do not have to close their doors. The debtor will propose a plan for the reorganization and repayment of debts and see that it is approved by a bankruptcy court. A Chapter 11 bankruptcy is most commonly used by corporations, LLCs, partnerships and sole proprietors but is sometimes appropriate for individuals.
  • Chapter 13 bankruptcy: This is a reorganization bankruptcy available to individuals, married couples and sole proprietors. It allows those with regular income to propose a repayment plan to make installments to certain creditors over three to five years. During the bankruptcy, creditors are prohibited from starting or continuing any collection efforts. Chapter 13 bankruptcy is an excellent tool for regaining financial stability and stopping home foreclosure. At the end of the repayment period, any remaining debts are typically discharged. To read more about the options available to you through bankruptcy, visit my FAQ page.

Contact a Whatcom County Chapter 13 Bankruptcy Attorney

Starting over is never easy. Let an experienced Bellingham Chapter 7, 11 and 13 bankruptcy attorney help you discharge your debt and start rebuilding your life. Contact the Law Offices of Steven C. Hathaway at 360-676-0529 and schedule a free initial consultation with our lawyer.