District Of Columbia Bankruptcy

If you’re deep in debt and considering filing bankruptcy, talk to a District of Columbia bankruptcy lawyer today.

We can easily connect you with a D.C. bankruptcy lawyer in your area. Simply plug in your ZIP code below and fill out our free 2-minute bankruptcy evaluation form.

Take charge of your debt and make the first move today.

Filing Chapter 7 Bankruptcy in Washington, D.C.

Chapter 7 bankruptcy is often referred to as “liquidation”. This is because a bankruptcy trustee has the option to sell a Chapter 7 bankruptcy filer’s non-exempt property.

Money from the sale of the property is used to pay the debtor’s unsecured debts, such as credit cards and medical bills.

But don’t panic–most people who file Chapter 7 bankruptcy don’t own non-exempt assets, so in many cases, there’s no sale of property because there’s no non-exempt property for the trustee to sell.

A District of Columbia bankruptcy lawyer can help you determine which, if any, of your property is considered non-exempt property.

Washington, D.C. Bankruptcy Laws & You

If you’re thinking about filing Chapter 7 bankruptcy, you’re probably looking for the facts about D.C.’s bankruptcy exemptions.

A local District of Columbia bankruptcy attorney can guide you through the bankruptcy process and let you know which of your assets may be exempt from Chapter 7 liquidation.

Washington, D.C. Bankruptcy Chapter 7 Exemptions

The following information is a basic review of District of Columbia Chapter 7 exemptions. To get additional information, contact a District of Columbia Chapter 7 bankruptcy lawyer today by filling out the above free form.

A D.C. Chapter 7 bankruptcy lawyer can explain to you in more detail about Chapter 7 bankruptcy exemptions. Below we have listed some of the D.C. bankruptcy exemption information that you may be curious about:

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.

Questions? Talk to a Washington, D.C. Chapter 7 Bankruptcy Lawyer Today

District of Columbia bankruptcy laws can be very specific. A District of Columbia bankruptcy attorney can make sure you understand how the exemptions might affect you.

We make it simple to get in touch with a D.C. bankruptcy attorney. Simply fill out the above free bankruptcy evaluation form or call us at 877-226-6844 and we’ll connect you with a local District of Columbia bankruptcy lawyer.

Make the first move and fill out the above free and quick evaluation today.

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.