Know the exemptions you have under Washington, DC, bankruptcy law

You should know the exemptions you have available under Washington, DC, bankruptcy laws. Homestead, insurance and pensions are just some of the property concerns you want to investigate before you make a decision to file for bankruptcy in Washington, DC.

I recommend: BankruptcyAction.com has a chart with all of the available exemptions in Washington, DC, and links to other Washington, DC, bankruptcy law information. The Bankruptcy Site has a page that covers the available exemptions in Washington, DC, as well as a host of other Washington, DC, bankruptcy information.

Understand the bankruptcy process in Washington, DC

Filing for bankruptcy has changed drastically with the passage of the 2005 bankruptcy laws. You may not be eligible to file for Chapter 7 bankruptcy. If you have a valuable asset you want to keep that isn't covered under the exemptions, Chapter 13 may be a better option for you anyway.

I recommend: The Georgetown Law Library has a guide that covers all aspects of the new bankruptcy law and how it affects new filers. The Bankruptcy Law Network has information on the bankruptcy process as well as offering free advice form real lawyers.

Hire a good Washington, DC, bankruptcy attorney to get you through the process

You shouldn't file for bankruptcy without a good Washington, DC, bankruptcy attorney. There are plenty of high-quality Washington, DC, bankruptcy lawyers to choose from; find one that is a good fit for you and your business.

I recommend: DC Bankruptcy Lawyers.com has a wealth of information on Washington, DC, bankruptcy attorneys. Ammerman and Goldberg is one of many Washington, DC, bankruptcy law firms that can help you with your bankruptcy filing.