Weinberg & Ziegler PLLC FAQs

There are different costs for different types of bankruptcy. The level of complexity and the type of bankruptcy filing will play a part in determining the cost of your bankruptcy in Olympia, WA.  

The initial consultation for personal bankruptcy is free. The attorney will be able to go over the cost range for your bankruptcy after meeting with you in the initial consultation. Payment plans are available.

According to the U.S. Bankruptcy Code, Chapter 7 bankruptcy makes it possible for someone to get their debts discharged within a 90-day period. Time limits apply to discharges. Bankruptcy law doesn’t set a minimum period that you must wait before filing for bankruptcy a second time. However, there’s a catch. If you file too soon after wiping out debt in a previous case, you won’t be eligible for another debt discharge, or forgiveness.    

Although there are times that it makes sense to file for bankruptcy in Olympia, WA even though you won’t receive a discharge, these situations are rare, as we will discuss more below. 

Because a bankruptcy filed too soon will end up being a waste of time and money in most cases, it’s essential to know how to time your bankruptcy filing.  

Please call and speak with Attorney Morgan Ziegler if you have questions about the type of bankruptcy that may need to file and when you should file for bankruptcy protection.

Time Limits Apply to Discharges, Not Filing. Bankruptcy law doesn’t set a minimum period that you must wait before filing for bankruptcy a second time. However, there’s a catch. If you file too soon after wiping out debt in a previous case, you won’t be eligible for another debt discharge (forgiveness).

Although there are times that it makes sense to file for bankruptcy even though you won’t receive a discharge, these situations are rare (more below). Because a bankruptcy filed too soon will end up being a waste of time and money in most cases, it’s essential to know how to time your bankruptcy filing.  Please call and speak with Attorney Morgan Ziegler if you have questions about the type of bankruptcy that may need to file and when you should file for bankruptcy protection.

You will need to move quickly after a vehicle repossession to get a case filed if you want to get your car back. Call the office immediately if your automobile has been repossessed and you want to get it back.  

If the office is closed, let us know a time when you will be available to discuss this situation. This is a very time-sensitive matter. Call us now to discuss bankruptcy in Olympia, WA if you want to get your car back.

Are you looking to stop garnishments in Olympia, WA? The loss of bank account funds and wages is a financial emergency. Call the office right away and let’s discuss your bankruptcy filing options.  

If the office is closed when you call, make an appointment for the time when we can call you back and discuss your options. We have flexible payment plans that may help you get a case filed quickly even though you don’t have access to your bank accounts or full paycheck.

A bankruptcy filing can help you get rid of many, but not all, kinds of debt. Most credit card and medical bills are wiped out, but several kinds of debt, like child support, tax debt, parking, and traffic tickets cannot generally be discharged in bankruptcy. Student loans are generally not dischargeable in bankruptcy. The debt secured by property can often be discharged only if the property is surrendered to the creditor or their agent. To learn more about how to stop foreclosures in Olympia, WA give us a call today.

Creditors may also argue that a debt should not be discharged due to the debtor’s actions that suggest bad faith when incurring the debt. Your bankruptcy attorney will review the information that you provide and can advise you so you avoid mistakes that might look like bad faith to a creditor.

A bankruptcy filing normally creates an order of automatic stay that stops debt collection actions.    

The filing can stop garnishments in Olympia, WA as well as auto repossessions. It can provide you with protection against harassing phone calls from aggressive debt collectors.  

The bankruptcy filing can stop a foreclosure on your home and provide you with the opportunity to resolve missed payments.  

A successfully completed bankruptcy will eliminate your legal obligation to pay dischargeable debts that were incurred prior to the filing and help you make a financial fresh start.

Generally speaking, most debtors are able to keep their homes in bankruptcy. The exemption laws allow a debtor to protect property in a bankruptcy filing.  

A bankruptcy filing in Washington State has generous protection for home equity. You would have to continue to make your mortgage payments to keep your property. Be sure to contact an attorney to discuss the details of your situation and how to stop foreclosures in Olympia, WA.

Generally speaking, most debtors are able to keep their vehicles in bankruptcy. The exemption laws allow a debtor to protect property in a bankruptcy filing.  

A bankruptcy filing in Washington State has generous protection for a modest vehicle such as a truck, car, motorcycle, or van.  

The exemption laws for Washington State also allow debtors to protect and keep other valuable items.  

The Trustee appointed in a Chapter 7 bankruptcy filing is authorized to review and value the debtor’s possessions to determine if there are assets that can be seized and sold to pay off creditors. Your bankruptcy attorney can help you protect possessions from the seizure powers of the Chapter 7 Trustee. To learn more about automobiles as they relate to bankruptcy in Olympia, WA reach out to us today.

If your driver’s license is suspended for traffic tickets that are not discharged, the filing may still help you by eliminating other debt and allowing you to pay the debts that are causing the license suspension.  

If your license is suspended due to debts from an auto accident, the bankruptcy filing may discharge these debts and reinstate your driving privileges.  

If a debtor has too many traffic fines to resolve through a Chapter 7 filing, you can consider a Chapter 13 bankruptcy protection to consolidate and pay off the traffic fines over the three to five years of the Chapter 13 bankruptcy case. Your bankruptcy attorney can help you reinstate driving privileges shortly after the Chapter 13 case is filed even though the tickets and fines may not be paid for several years. Call us today for additional information regarding bankruptcy in Olympia, WA. 

A debtor will have to appear for a meeting, known as a creditors meeting or Section 341 hearing about a month after the case is filed.  

The creditor’s meeting is held at the US Bankruptcy Court and the trustee appointed in the bankruptcy is in charge of this hearing.  

The Trustee will ask you questions about your assets, your finances, and your debts at the creditor's meeting. Your bankruptcy attorney will represent you at this hearing and can help you understand the process and answer the Trustee’s questions.  

There may be other hearings scheduled during the course of a proceeding related to bankruptcy in Olympia, WA but normally, the debtor is not required to be present for any hearing other than the initial creditor's meeting.

Funds in 401(k) and other qualified retirement accounts are generally protected in a bankruptcy proceeding.  Money in checking and savings accounts and other financial instruments that are not qualified retirement accounts can be protected to the extent of the exemptions that can be claimed against the value of these accounts.  Your bankruptcy attorney is an expert at understanding the exemption laws and knowing how to use those laws to protect your assets and property.

If you are delinquent on financial accounts and have a lot of debt compared to your assets, then your credit score is already on the way to the cellar.  If you have managed to accumulate a lot of debt and kept your credit score high, the bankruptcy filing will definitely damage your credit score and history.  The credit scoring companies do not generally make a distinction between a Chapter 7 or Chapter 13 bankruptcy filing. 

There is no minimum debt rule for filing for bankruptcy.  A better question to ask is whether you can manage your debts without filing for bankruptcy.  A decision about filing for bankruptcy can be influenced by whether your creditors are willing to work with you, the type of debts that you have, and the facts of your individual situation.  Your bankruptcy attorney will help you review these questions at the initial consultation and advise you on getting your financial house in order.

A redemption is an option in Chapter 7 bankruptcy that may allow you to keep a vehicle or other asset that has been used as security for a loan.  Redemption requires that a debtor be able to come up with cash upfront to resolve the debt and keep the vehicle or other asset, so it is not always an option for a debtor.  There are some companies that will make redemption loans to debtors in bankruptcy.  Your bankruptcy attorney will review your situation and advise you if there is an opportunity to complete a redemption in your bankruptcy.