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Bankruptcy Law

Take Control of Your Finances with Bankruptcy

Are you struggling with financial problems that seem overwhelming? If you’ve lost your job, accumulated significant medical bills, or built up debt that you can’t pay off, bankruptcy may be the solution you need to start fresh with a debt-free life.

However, it’s important to make an informed decision about filing for bankruptcy. That’s why it’s crucial to consult with a qualified bankruptcy lawyer who can help you determine if bankruptcy is the best way to deal with your financial problems.

At The Cowlitz Law Group PLLC, our bankruptcy attorneys are here to guide you through the process and help you take control of your finances. With our expert advice and support, you can start anew with a debt-free life. Don’t let financial stress hold you back any longer. Contact The Cowlitz Law Group PLLC today to schedule a consultation and start your journey to financial freedom.

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bankruptcy

Here’s a Step-by-Step Guide on How to File for Bankruptcy:

Determine your eligibility: The first step in filing for bankruptcy is to determine if you’re eligible. There are two main types of bankruptcy for individuals: Chapter 7 and Chapter 13. A qualified bankruptcy lawyer can help you determine which type is best for you based on your income, assets, and debts.

Gather your financial information: Before filing for bankruptcy, you’ll need to gather all your financial information, including your income, expenses, debts, and assets. This will help your lawyer determine if bankruptcy is the right solution for you.

Choose a bankruptcy lawyer: Hiring a qualified bankruptcy lawyer is crucial to the success of your case. A good lawyer can help you navigate the process, represent you in court, and ensure that your rights are protected.

File the bankruptcy petition: Once you have all your financial information and have chosen a bankruptcy lawyer, you can file the bankruptcy petition with the court. This document will include information about your financial situation and will outline your request for relief from your debts.

Attend the 341 Meeting of Creditors: After you file the bankruptcy petition, you’ll be required to attend a meeting of creditors, also known as a 341 Meeting. This is a meeting between you, your bankruptcy lawyer, and your creditors where you’ll answer questions about your financial situation and bankruptcy case.

Complete a credit counseling course: Before your bankruptcy case can be discharged, you’ll be required to complete a credit counseling course. This course will help you understand your financial situation and develop a plan for managing your finances in the future.

Receive a discharge: If your bankruptcy case is approved, you’ll receive a discharge of your debts. This means that you’ll no longer be responsible for paying back your creditors, and you can start fresh with a debt-free life.

Filing for bankruptcy can be a complicated process, but with the right guidance and support, it can help you start anew with a debt-free life. If you’re considering filing for bankruptcy, contact The Cowlitz Law Group PLLC today to schedule a consultation with one of our bankruptcy attorneys

Chapter 7 Bankruptcy: An Overview

If you’re struggling with debt, filing for Chapter 7 bankruptcy may seem like an option worth exploring. But what exactly is Chapter 7 bankruptcy and how does it work?

Chapter 7 bankruptcy is a type of bankruptcy that allows individuals to discharge their unsecured debts, such as credit card debt and medical bills. This type of bankruptcy is available to individuals, married couples, and businesses.

Here’s a brief overview of how Chapter 7 bankruptcy works:

Eligibility: To be eligible for Chapter 7 bankruptcy, you must pass a means test. The means test is designed to determine if you have enough income to repay your debts. If your income is insufficient for debt repayment, you may be eligible for Chapter 7 bankruptcy.

Assets: In Chapter 7 bankruptcy, you may be required to liquidate some of your assets to pay off your creditors. However, many assets, such as your primary residence and personal belongings, may be protected under bankruptcy exemptions.

Debt Discharge: If you’re eligible for Chapter 7 bankruptcy, most of your unsecured debts will be discharged. This means you’ll no longer be responsible for paying these back, enabling you to start fresh with a debt-free life.

Credit Impact: Filing for Chapter 7 bankruptcy will negatively affect your credit score. However, many people find the benefits of debt discharge outweigh the negative impact on their credit.

Timeline: The Chapter 7 bankruptcy process typically takes between four and six months from start to finish.

Chapter 7 bankruptcy can be a powerful tool for individuals who are struggling with debt and cannot repay their creditors. If you’re considering filing for Chapter 7 bankruptcy, it’s important to speak with a qualified bankruptcy lawyer to determine if it’s the right solution for you.

At The Cowlitz Law Group PLLC, our bankruptcy attorneys have the experience and knowledge to help you navigate the Chapter 7 bankruptcy process. Contact us today to schedule a consultation and learn more about how we can help you start anew with a debt-free life.

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Chapter 13 Bankruptcy: An Overview

If you’re struggling with debt, filing for Chapter 13 bankruptcy may seem like an option worth exploring. But what exactly is Chapter 13 bankruptcy and how does it work?

Chapter 13 bankruptcy is a type of bankruptcy that allows individuals with a regular income to repay their debts over a period of three to five years. This type of bankruptcy is available to individuals, married couples, and businesses.

Here’s a brief overview of how Chapter 13 bankruptcy works:

Eligibility: To be eligible for Chapter 13 bankruptcy, you must have a regular income and your debts must fall within certain limits. You must also have enough income to repay your creditors over the course of the repayment plan.

Repayment plan: In Chapter 13 bankruptcy, you’ll be required to repay your creditors over a period of three to five years. The amount you’ll be required to repay will depend on your income, expenses, and the amount of debt you owe.

Debt discharge: At the end of the repayment plan, any remaining unsecured debts, such as credit card debt and medical bills, will be discharged. This means that you’ll no longer be responsible for paying back your creditors, and you can start fresh with a debt-free life.
Assets: Unlike Chapter 7 bankruptcy, you’ll be able to keep your assets in Chapter 13 bankruptcy. However, you’ll be required to repay your creditors from your income over the course of the repayment plan.

Credit impact: Filing for Chapter 13 bankruptcy will have a negative impact on your credit score. However, many people find that the benefits of debt repayment and debt discharge outweigh the negative impact on their credit.

Timeline: The Chapter 13 bankruptcy process typically takes between three and five years from start to finish.

Chapter 13 bankruptcy can be a powerful tool for individuals who are struggling with debt and want to repay their creditors over time. If you’re considering filing for Chapter 13 bankruptcy, it’s important to speak with a qualified bankruptcy lawyer to determine if it’s the right solution for you.

At The Cowlitz Law Group PLLC, our bankruptcy attorneys have the experience and knowledge to help you navigate the Chapter 13 bankruptcy process. Contact us today to schedule a consultation and learn more about how we can help you start anew with a debt-free life.

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