Hi my name is Jonathan Smith and I am an attorney here in Western Washington. My law firm does bankruptcies, as well as mortgage modification, mortgage mediation and short sales.
There have been recent changes to the federal bankruptcy laws that most home owners do not understand, it is important for you to know that it is an option for at least 85% of those that need it. If you’re overwhelmed by your financial situation or are upside down on your home and need debt relief and debt elimination, bankruptcy may be your best option.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is the simplest and most popular way to a financial fresh start and eliminating debt.
The Difference Between Chapter 7 and 13 Bankruptcy
The differences between Chapter 7 and Chapter 13 bankruptcy begin with a means test.
What can I keep after Bankruptcy?
Most people are reluctant to declare bankruptcy for fear of losing their home, their car, or their personal possessions.