Law Office of 
Rachel Edmiston, PLLC
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Phone: 425-945-6333
Fax: 425-272-4294
Email:  rachel@edmistonlaw.com
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Chapter 7 Bankruptcy
Filing for Chapter 7 bankruptcy allows you to discharge most debts. In other words, you will no longer have a legal obligation to pay those debts. Certain debts, for example student loans and most taxes, cannot be discharged. You may keep property that is considered exempt, but property that is not exempt may be sold and the proceeds used to pay the people you owe. Property that is usually exempt includes some equity (up to a certain amount) in your home and vehicle, necessary clothing, household appliances, and necessary household furnishings, among other things.

Once you have filed a Chapter 7, a federal court order called an "Order for Relief", also known as an automatic stay, is created. This means that, in most cases, your creditors must stop all collection efforts.

You may be able to file for Chapter 7 if your current monthly income is less than your state's median income. However, if your income is too much higher than your expenses, you may have to file for Chapter 13 bankruptcy instead.