Retaining Assets During Bankruptcy: A 5 Step Guide to Discharging Credit Card and Health Debts

health debts, credit card debt, retaining assets

1. Understanding Bankruptcy in Washington State

– In Washington State there are many types of bankruptcy. People can file for either Chapter 7 or Chapter 13 bankruptcy as either can help them retain their home.

Chapter 7 involves selling non-exempt assets, while Chapter 13 allows for a repayment plan over three to five years.

2. Discharging Credit Card and Health Debts

– Bankruptcy provides relief from credit card debts and medical bills.

– Both Chapter 7 and Chapter 13 bankruptcy offer opportunities to eliminate these debts.

3. Chapter 7 Bankruptcy: Saving Your House and Discharging Debts

– Washington State provides ways to protect your home in Chapter 7 bankruptcy.

– By leveraging state exemptions and seeking guidance from experienced bankruptcy attorneys like Integrity Law Group, homeowners can keep their homes while discharging unsecured debts.

4. Chapter 13 Bankruptcy: Retaining Assets Through a Repayment Plan

– Chapter 13 focuses on debt reorganization and repayment.

– By creating a manageable repayment plan over three to five years, individuals can retain their assets, including their home.

5. Integrity Law Group: Your Partner in Bankruptcy Proceedings

Integrity Law Group is a trusted law firm specializing in bankruptcy in Washington State.

– Their knowledgeable attorneys will assess your situation, determine the suitable bankruptcy chapter, and guide you through the legal procedures, ensuring the protection of your assets.

– Bankruptcy offers a fresh start for individuals overwhelmed by credit card and health debts.

– Washington State’s bankruptcy laws provide ways to discharge debts while retaining assets.

– By working with experienced professionals like Integrity Law Group, you can navigate the complexities of bankruptcy and achieve financial freedom.

– Don’t hesitate to reach out to the attorneys at Integrity Law Group for assistance with your bankruptcy needs.