Chapter 7 Bankruptcy -- Law Office of Andrew Gebelt -- Call or Text 425-398-2778 andrewgebelt@outlook.com
Serving Western Washington State.
You have a right to eliminate or reduce your debts by filing a Chapter 7 Bankruptcy.
Chapter 7 Bankruptcy is the quick form of bankruptcy that asks the Bankruptcy Court to release you from all of your dischargeable debts in approximately 90 days from start to finish.
Fee For Chapter 7 Bankruptcy = $1,000 Legal + $338 Court Filing Fee + $24 1st Court Ordered Certificate (Before Filing) + Then $20 2nd Court Ordered Certificate (After Filing) + Due Diligence Asset/Credit Reports ($53 Individual) or ($93 Married)
Total Cost To Complete Chapter 7 Bankruptcy = $1,435.00 Single Filer, or $1,475.00 Married Couple
· Flexible Payment Schedule: You are not required to pay the full contract price upfront to get started. You may make payments toward your balance in flexible increments (e.g., $100, $250, $500) while you begin uploading your financial records by connecting your smartphone, tablet or computer to your own secure, dedicated document portal which we will provide you with.
At the Law Office of Andrew Gebelt, we offer a free initial consultation by telephone. If you decide that bankruptcy is right for you, we offer clients an affordable process which may let you emerge from Chapter 7 bankruptcy in as little as three months. The Law Office of Andrew Gebelt is a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code. Law Office of Andrew Gebelt 425-398-2778 andrewgebelt@outlook.com
Maximum Income Rates Allowed By Household Size For A Chapter 7 Bankruptcy:
One person household: $88,585 = $7,382/mo.; Two people: $107,100 = $8,925/mo.; Three people: $131,737 = $10,978/mo.; Four people: $156,567 = $13,047/mo.; Five people: $167,667 = $13,972/mo.; Six people: $178,767 = $14,897/mo.; Seven people: $189,867 = $15,822/mo.; Eight people: $200,967 = $16,747/mo.
Chapter 7—Court Ordered Documentation Requirements—Mandatory Documentation Requirements
The Bankruptcy Court will require us to prove your eligibility for chapter 7 by producing your 1.) most recent six months of paystubs; 2.) most recent six months of financial account statements from all of your financial accounts; 3.) most recent two years of tax returns, 4.) government issued picture ID, 5.) social security card with your whole 9 digit social security number on it, and 5.) due diligence asset/credit reports.
Chapter 7 Eligibility Requirements
We must prove to the Bankruptcy Court that you do not make too much money to file a Chapter 7 bankruptcy by using the court ordered, mandatory documentation to prove how much money your household averaged during the most recent whole 6 months just before the date on which your Chapter 7 bankruptcy will be filed.
To be eligible for relief from your debts in chapter 7, your regular net income must be less than your regular ordinary monthly expenses, and your total yearly household gross income must be under the median income for a household of your size during the most recent 6 months just prior to filing.
You are eligible to file a Chapter 7 Bankruptcy if you have not filed a Chapter 7 in under 8 years, nor completed a Chapter 13 that was filed under six years ago. You cannot have an extremely valuable asset other than the home you live in, modest car. Your 401Ks, IRAs, pensions cannot be seized in bankruptcy if you did not inherit them from someone else. And you may keep your home in Washington State if you have owned it for 3.3 years (1,217 days) and you are living in it when you file for bankruptcy. 2026 Homestead Exemption: King County=$940,000 in equity; Snohomish County=$755,000 in equity.
IMMEDIATELY STOP FORECLOSURE BY FILING CHAPTER 13: A chapter 13 homesaver bankruptcy Chapter 13 bankruptcy gives you time to catch back up on your mortgage while protecting you from your other creditors. Chapter 13 bankruptcy is designed to give you a way to catch back up on mortgages that have fallen behind and to permanently write down the size of your other debts. Chapter 13 radically reduces your unsecured debts (e.g., credit card debt, medical bills) by obtaining the court's permission to redirect your available income primarily to catching back up on mortgages that have fallen behind.
Save Your Home from Foreclosure or from Seizure by the Chapter 7 Trustee and Write Your Debts Down to a Fraction of the Original Amount: The Chapter 13 Trustee does not seize assets like homes. Instead, the Chapter 13 Trustee either approves or disapproves a plan for partial repayment. That's why Chapter 13 will allow you to take 3-5 years to catch back up on your mortgage arrearage. You make your payments to the Chapter 13 Trustee, who then pays your individual creditors. Your plan will last from 36 to 60 months. If you have a mortgage and car loans, you will continue to pay for these items in your plan. You also pay a reduced percentage of your unsecured debt in the plan.
You will be able to catch back up on your mortgage because the payments to your other debts will be reduced to a small fraction of their original amount, leaving you with enough money to save your home. Chapter 13 is designed to let you catch up on your mortgage by financing the amount you are behind over 36 to 60 months and to write down your other debts to a fraction of the original amount owed.
At the beginning of a Chapter 13, the United States Bankruptcy Court will immediately forbid your mortgage lender from continuing to demand that you pay the entire total amount you have fallen behind all at once. The Court will then require your mortgage lender to accept a Court supervised plan that gives you 36 to 60 months to catch back up on the amount you have fallen behind.
Write Down Your Other Debts: At the same time, the United States Bankruptcy Court will allow you to use Chapter 13 to write down your unsecured debts to a fraction of the original face amount. All your debt is reorganized into one payment plan confirmed by the United States Bankruptcy Court. Then the Court supervised Chapter 13 Trustee will distribute the money you send each month to your mortgage lender and to any other creditors to be included in the plan. Immediately after we file your Chapter 13, the United States Bankruptcy Court issues a court order forbidding your mortgage lender from holding the foreclosure sale in order to allow us enough time to file a 36 to 60 month plan that will catch back up on your mortgage payments while writing down your other debts.
CHAPTER 13 FEES: Total Upfront Costs Due Prior to Filing ($1,153.00 Single / $1,193.00 Joint) then the remaining $4,000.00 is paid in installments over 36 to 60 months through the Chapter 13 Trustee. (Total cost over 36 to 60 months = Up front portion $1,153.00 Single / $1,193.00 Joint + Financed portion $4,000 = Total cost over 36 to 60 months $5,153.00 Single / $5,193.00 Joint)
We will help you obtain your pre-filing certificates of credit counseling easily from cricketdebt.com
For experienced representation in a Chapter 13 bankruptcy filing, contact us to set up a free initial consultation.
We are a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code.
Call or Text the Law Office of Andrew Gebelt 425-398-2778, or send an email to andrewgebelt@outlook.com
A Chapter 13 Homesaver Bankruptcy Will Allow You Extra Time To Cure Your Mortgage:
Chapter 7 and Chapter 13 Bankruptcy Attorney
The type of bankruptcy you choose depends on your goals, your income and your debt load. In order to file for Chapter 7 bankruptcy, you must pass a means test. If you qualify, all non-priority unsecured debts, including money owed to credit card companies, hospitals and payday loans are discharged or deleted. You must turn over non-exempt assets to the court trustee. You are free to make a fresh start.
Generally, it is easier to qualify for debt reorganization under Chapter 13 than debt liquidation under Chapter 7. Chapter 13 lets clients keep assets such as extremely expensive cars, boats, or recreational vehicles. In a Chapter 13 filing, it is usually possible to petition the court to reduce unsecured debts significantly.
Bothell Bankruptcy Attorney Snohomish Bankruptcy Attorney Renton Bankruptcy Attorney Seattle Bankruptcy
We are a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code.
Call Andrew Gebelt 425-398-2778 or email andrewgebelt@outlook.com
Law Office of Andrew Gebelt 425-398-2778
Bothell Bankruptcy Lawyer Snohomish Bankruptcy Lawyer Renton Seattle Chapter 7 and Chapter 13
What Assets Can You Keep After Bankruptcy? Bankruptcy Exemptions:
Claiming exemptions in order to keep assets after bankruptcy is a standard part of eliminating debt through Chapter 7 or reorganizing debt through Chapter 13. At the law firm of Andrew Gebelt, we have helped many clients achieve a fresh start through bankruptcy, and we can do the same for you.
The first question many people have is what type of bankruptcy is right for them. It all depends on your personal goals, the level of debt you have, and whether you need to use bankruptcy to keep a home with a mortgage that has fallen behind.
For many, Chapter 7 proves to be the easier way to get rid of debt and get their financial lives back on track. To discuss the means test and related matters with a Bothell bankruptcy Snohomih bankruptcy exemptions lawyer, call or text Andrew Gebelt at 425-398-2778 or email andrewgebelt@outlook.com The initial consultation by telephone is free.
Most people get to keep exempt assets, which typically include:
•Your primary residence if the equity in King County is less than $940,000 or Snohomish County less than $755,000
•Pensions including IRAs and 401ks
•Tools used to do your job
•Household furniture, up to a certain value
•Personal car or truck, up to a certain value
•Jewelry, up to a certain value
•Household appliances
•Compensation won in a personal injury lawsuit
The Chapter 7 bankruptcy trustee may request that you turn over non-exempt assets to be sold to pay off debts, including:
•Expensive boats
•Fine art
•Extremely expensive cars or vacation homes
•High end recreational vehicles
But most people in Chapter 7 bankruptcy do not own expensive boats, fine art, extremely expensive paid off cars, vacation homes, or paid-off high-end recreational vehicles.
Bothell Bankruptcy Attorney Snohomish Bankruptcy Attorney
We are a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code.
Call or text Andrew Gebelt 425-398-2778 or email andrewgebelt@outlook.com
Many people have fallen behind these days due to job losses, divorce or unexpected medical bills. If you would like to eliminate unsecured debt through Chapter 7 bankruptcy, but do not know where to begin call Andrew Gebelt 425-398-2778.
You do not have to be out of work to file for bankruptcy. We have helped many hard-working people make a fresh start through Chapter 7 and Chapter 13 bankruptcies. We prepare the paperwork for you. We do not ask you to fill in a long exhaustive questionnaire before making an appointment to meet with you. Instead, we do the work for you.
In order to file for Chapter 7 debt elimination, you must meet certain income limits. In Washington state, for example, the annual income for a family of four may not exceed $156,567. If you make more than that, we can look at offsets, which function like deductions on a tax return, such as:
•Health insurance premiums
•Union dues
•Child support payments
With offsets, some clients earn several thousand dollars per year more than the median income, and still qualify for Chapter 7 filing. Attorney Andrew Gebelt has helped many clients file for Chapter 7. If you cannot qualify for Chapter 7, you may consider Chapter 13, a Bankruptcy Court sponsored debt reorganization plan.
We must prove you do not make too much money to file a Chapter 7 bankruptcy. Too much money depends upon how much money your household averaged during the last six months just before we file your Chapter 7 bankruptcy.
Maximum Household Income For An Easy Chapter 7 Bankruptcy:
One person household: $88,585 = $7,382/mo.; Two people: $107,100 = $8,925/mo.; Three people: $131,737 = $10,978/mo.; Four people: $156,567 = $13,047/mo.; Five people: $167,667 = $13,972/mo.; Six people: $178,767 = $14,897/mo.; Seven people: $189,867 = $15,822/mo.; Eight people: $200,967 = $16,747/mo
If you are under the income level for a household of your size, then income eligibility is almost automatic. However, even if you are over the median income, you may still be eligible to file under Chapter 7 if you have certain standard offsets like high mortgage payments, high car payments, child support payments, or expensive health insurance. We can show you how to qualify using these offsets.
Bothell Bankruptcy Attorney Snohomish Bankruptcy Attorney Renton Bankruptcy Attorney Seattle Bankruptcy
We are a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code.
Call or text Andrew Gebelt 425-398-2778 or email andrewgebelt@outlook.com