Law Office of David A. Kubat

Call Toll-Free: 866-654-8160

Local: 206-545-8394

Considering Bankruptcy?

Law Offices of David A. Kubat, is dedicated to providing effective representation and offers Personalized Bankruptcy Law Expertise.

Over 30 Years of Experience

Free Consultation

Considering Filing Bankruptcy?

Chapter 7 Bankruptcy

If you are considering filing a Chapter 7 bankruptcy in Whatcom, Skagit, Snohomish, Clallam, Jefferson, Island, or King County you need a Seattle Bankruptcy attorney.

Bankruptcy presents a complex set of Federal and state laws and choices. This is no time to choose an attorney who occasionally dabbles with Bankruptcy cases and doesn't understand Washington bankruptcy law as it relates to liquidation, unsecured debt, secured debt, creditor harassment or discharges.

Bankruptcy lawyer David Kubat has for over 30 years helped thousands of clients through this stressful time and the maze of Bankruptcy laws and changes in bankruptcy laws.

Chapter 7 Bankruptcy, commonly known as "straight bankruptcy", or "liquidation" is filed in a federal court. It involves the sale of your non-exempt assets by a trustee. Any proceeds obtained by the bankruptcy trustee are then turned over to creditors.

In a Chapter 7 bankruptcy most liens (such as real estate mortgages and security interests for car loans), are protected.

Chapter 7 bankruptcy allows you to keep certain exempt property. Washington is one of the few states that allows you to choose between state and federal bankruptcy exemptions. This means that you may examine both sets of exemptions and select the set that better protects your assets. Other assets, if any, are sold/liquidated to repay creditors. (Chapter 7 Common Washington Exemptions)

Many types of unsecured debt are legally discharged by the bankruptcy proceeding. There are, however, various types of debt that are not discharged in a Chapter 7.

Common exceptions to discharge include:

  • child support
  • income taxes less than 3 years old
  • property taxes
  • student loans
  • fines and restitution imposed by a court for any crimes committed by the debtor
  • spousal support
  • property settlements through divorce

Washington's extensive list can be evaluated with Bankruptcy Attorney David Kubat.

Whether dischargeable or not, all debts must be listed on bankruptcy schedules.

A chapter 7 bankruptcy stays on your credit report for 10 years from the date of filing the chapter 7 petition. This may make credit less available and/or terms less favorable, although high debt can have the same effect. The removal of actual debt from your record by the bankruptcy, however, tends to improve creditworthiness.

Call Mr. Kubat at 206-430-1515 or toll free at 866-654-8160 to schedule a free consultation.

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Contact Information

David A. Kubat

2634 Thorndyke Avenue W., Suite 201
Seattle, WA 98199
Phone: 206-545-8394
Toll-Free: 866-654-8160