Best Bankruptcy Lawyers in Kent, WA

Kent, WA Bankruptcy FAQs

• Where do I file for bankruptcy in Kent, Washington?

  Individuals in Kent who want to file for bankruptcy may submit the accomplished forms at the United States Bankruptcy Court - Western District of Washington located at 1717 Pacific Avenue, Ste 2100 Tacoma, WA 98402-3233.

• Where can I get bankruptcy forms in Kent, Washington?

  The local bankruptcy forms used in Kent, Washington can be downloaded from https://www.wawb.uscourts.gov/forms/all-forms. As for the national forms, you may download a copy at https://www.uscourts.gov/forms/bankruptcy-forms.

• How much does filing for bankruptcy cost in Kent?

  For either a single person or a married couple filing in Kent, the filing cost for Chapter 7 bankruptcy is $306, and Chapter 13 bankruptcy is $281. If you cannot pay this filing fee all at once, the court might allow you to do so in installments. You also need to pay legal fees if you decide to hire an attorney and enroll in two required courses at approximately $25 per course.

• How frequently can someone in Kent file for Chapter 7 bankruptcy?

  Every eight years following the initial filing of the Chapter 7 bankruptcy in Kent, a debtor is permitted to file for bankruptcy under Chapter 7 again. Additionally, after four years from the filing date of a Chapter 7 bankruptcy, a debtor can file for Chapter 13 bankruptcy and get their debts discharged.

• If you declare bankruptcy in Kent, what will happen to your house and vehicle?

  If your equity in the property does not exceed the exemption limit, you won't lose your house or car during your bankruptcy case in Kent. If you pay the non-exempt value of your property, you can keep it even if it isn't entirely exempt. However, if you don't pay your creditors who have a security interest in your assets, they might be able to seize and sell the asset.

• Can you keep your favorite bank or credit accounts open after declaring bankruptcy in Kent?

  You are not allowed to select which debts to include or exclude when filing for bankruptcy under Chapter 7. After filing for bankruptcy in Kent, it is up to the bank or credit card company whether they want to continue serving you as a customer. You will need to call them to find out what will happen, but the likely result is that your account will be closed.

• If you declare bankruptcy in Kent, what happens to your retirement accounts?

  In Kent and the rest of Washington state, your 401(K) pension and retirement funds are almost always safeguarded when declaring bankruptcy. Additionally, an employer-funded plan must be ERISA qualified to be exempt. The laws take into account that a genuine fresh start gives the debtor enough property to continue living their life.