Washington D.C. Chapter 7 Bankruptcy Lawyer

Attorney Helping With Debt Relief Through Chapter 7 Bankruptcy in Washington D.C.

Life in the nation's capital can be expensive. From the high cost of living and property values to overpriced goods and the need to maintain a proper appearance amongst your peers, it is all too easy to amass significant debt. Your monthly financial obligations may have gotten totally out of hand, causing you to make late payments or even skip some. You may wonder if you will ever be able to catch up or if there is an effective form of debt relief that can ease your burden. Bankruptcy may be your best option.

You need a discreet, competent bankruptcy lawyer whose guidance you can trust. Attorney Hope Blocton of Bloc One Services, LLC has extensive financial and legal knowledge, and she will always protect your best interests. We pride ourselves on providing high-quality legal representation without the exorbitant fees that others often charge. You can trust us to help you make the right decisions as you begin to rebuild your future with Hope.

The Protections Offered by Washington D.C. Chapter 7 Bankruptcy

You probably have several types of debt, such as rent or mortgage payments, student loans, property taxes or other tax obligations, car payments, medical debt, credit card balances, and personal loans. Many of those require monthly payments. Your income can only stretch so far, and trying to make several payments can be challenging. The farther you get behind, the more likely it is that your creditors will attempt to collect debts, repossess your car, foreclose on your home, or initiate garnishments.

The automatic stay that comes with filing for bankruptcy is one of the best benefits. As soon as you file, your creditors will receive notice that they must cease any legal actions against you, and they are forbidden from contacting you directly to collect payment. The removal of that pressure will give you immediate relief.

Another major benefit of Chapter 7 is that most of your unsecured debts can be completely erased. The Chapter 7 process usually takes only a few months, so you do not have to wait long before receiving relief.

You may worry that all of your assets will be seized and liquidated. While it is true that some could be, there are various exemptions that allow you to keep specific items. Attorney Hope Blocton understands these exemptions, and she will work hard to help you retain ownership of as many assets as possible.

Other Chapter 7 Considerations in Washington D.C.

Not everyone can benefit from Chapter 7 bankruptcy. You have to pass a means test to qualify. This test will compare the income you earn to the area's median income. If you currently earn more than median for your family size, your expenses and disposable income will be considered to determine whether you are eligible.

Some debts are non-dischargeable in any kind of bankruptcy. Do not let that keep you from filing, because you can still benefit from Chapter 7. Because many of your debts will be discharged, you will not have as many monthly payments to make. The portion of your income that was used to pay those debts can be put toward the non-dischargeable obligations.

You may be leery of filing for bankruptcy because of its effect on your credit score. Your credit score will drop, and your bankruptcy will remain on your credit report for 10 years. Realistically, though, your credit score is probably already suffering due to late or missed payments, a high debt-to-income ratio, and other financial issues. Bankruptcy is a way to put yourself on a more solid financial footing, and the benefits often outweigh the negative aspects. Hope Blocton will address your concerns and answer your questions as you decide whether Chapter 7 bankruptcy is right for you.

Contact Our Washington D.C. Chapter 7 Bankruptcy Attorney

When results matter in your bankruptcy case, you need the right attorney for the job. Bloc One Services, LLC is the clear choice. Contact us today with a confidential online message or call 240-200-0076 to request an appointment for your complimentary 30-minute consultation.