Obtain a Fresh Start
Are you making enough money to cover your living expenses, but are not able to pay down your debt? Does the bulk of your debt involve credit cards, medical bills or personal loans? If so, you may qualify for Chapter 7 bankruptcy.
At the Law Office of Kevin J. Magorien, we help individuals and small business owners find debt relief through liquidation bankruptcy. With more than 25 years of legal experience, we help clients in King, Pierce and Snohomish Counties eliminate debt and rebuild their financial future on more solid ground.
How Does Chapter 7 Bankruptcy Work?
When you file Chapter 7 bankruptcy, or liquidation bankruptcy, your unsecured debt is discharged. This includes:
- Credit card bills
- Medical bills
- Personal loans
- Certain taxes
- Interest
- Penalties
In exchange, property not covered by exemptions will be liquidated to pay your creditors. If you wish to retain certain assets, such as a vehicle, you have the option to reaffirm the debt.
Immediately after filing, all creditor harassment must stop and wage garnishments freeze. Without the unsecured debt weighing you down, you are able to breathe freely and make a fresh financial start.
Representing Small Businesses
Determining whether filing bankruptcy is the best course of action for your company is a complex decision. We help small business owners understand and evaluate their options, including:
- Shutting down the company without filing bankruptcy
- Filing Chapter 7 and keeping the business open
- Filing Chapter 7 and closing the company
We will thoroughly review your company's financial circumstances, taking into consideration all aspects of the matter, including your personal liabilities for various business taxes, before offering solid legal advice.
Washington Bankruptcy Lawyer
Because the rules governing bankruptcy are complex and technical, it is important that you consult with a skilled attorney. As your legal advocates, we will ensure your case is handled properly and maximize your exemptions, helping you to retain more of your property.
During a free 30-minute meeting, we will advise you whether bankruptcy is a good move for you. If you choose to file, we will help you enroll in credit counseling and financial management courses, attend the meeting of creditors, and represent you at any court appearances.
Contact us online or call our office at 253-656-4934 or toll free 866-633-4992. We charge a flat fee for Chapter 7 filings. Flexible payment plans are available.
Our office is located next to the King County Superior Court Regional Justice Center in Kent. Free parking is available.
We have basic Spanish-speaking skills.
