Washington DC Bankruptcy Attorneys
Usually it's a combination of unfortunate events that add up to
insurmountable debt problems. What may have seemed like a manageable
level of credit card debt can quickly become overwhelming when combined
with a job loss or injury that causes you take time away from work.
Instead of spending time blaming yourself or worrying about the future, you can take action today. Bankruptcy laws are designed offer protection and debt relief. Washington DC bankruptcy attorneys can give you details on Chapter 7 and Chapter 13 bankruptcy and how they may be able to help you. Local lawyers can answer your questions and provide information about how the laws in Washington, D.C., might affect you.
Speak with a Local Bankruptcy Attorney Today
A local attorney can answer your questions about your debt relief options. To connect with a Washington, D.C. bankruptcy attorney near you today, simply call 877-349-1309. Or, use our free case evaluation form to be connected with a bankruptcy attorney who can evaluate your case.
Bankruptcy Laws and Property Protection
Washington, D.C. bankruptcy laws are designed to protect certain amounts of property for anyone eligible and filing for Chapter 7 bankruptcy. To fully understand these laws and to know which exemptions would apply to your case, speak with a local attorney. An attorney will also be able to provide you with specific bankruptcy information relevant to your case. Here are a few of the exemptions that may be available to you under bankruptcy law:
Homestead: 100 percent of the your aggregate interest in your primary residence.
Wages: 75 percent of disposable earnings, including periodic payments under pension and retirement plans.
Vehicles: One motor vehicle worth up to $2,575.
Personal Property:
- $8,625 in aggregate value of household furnishings, household
goods, clothing, appliances, books, animals, crops or musical
instruments. Or, $425 or any particular item.
- $1,625 exemption for any implements, professional books, or tools of the trade.
- $400 of the family library.
- All family photos.
- Up to $850 of interest in the property.
- Any unused amount of the homestead exemption, up to $8,075.
Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.
