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Few people have an in-depth knowledge of bankruptcy law, and there is plenty of misinformation about the process. Most people never give bankruptcy a second thought until their financial situation becomes dire, and their false impression of the process may cause them to wait far longer than they should to file.
The stigma associated with bankruptcy is promoted by creditors who don't want you to know that this powerful tool was developed by the federal government so that anyone could obtain relief from crippling debt. Getting caught up in a never ending cycle of debt puts a strain on the nation's economy, and prevents hard working people from maintaining their role as active participants in our consumer-based economy.
Bankruptcy offers you a chance to hit the financial reset button, stop the endless harassment from creditors, and begin rebuilding your credit score. If you're considering bankruptcy, you likely have questions about how the process unfolds. Our Bellevue bankruptcy lawyers provide the following information that outlines this relatively simple process. You can contact our office if you would like to get more information via a free consultation with one of our King County bankruptcy attorneys.
The process of petitioning the federal court for bankruptcyMost people are grossly unaware of their legal rights relative to their finances and bankruptcy. Debt collectors hate our Bellevue bankruptcy lawyers because they know that talking to us means arming yourself with the facts. Before you can take the next step, you have to take the first step, so consider the following information so you know what to expect...
Schedule a free consultation with a Bellevue bankruptcy lawyer. This may sound relatively easy, but the first step is often the most difficult to take. When you contact our office for a free consultation you will learn how bankruptcy is a powerful tool designed to help you recover from debt. If your creditors tell you anything different, or try to convince you that bankruptcy will cause you to lose everything you own, they are not being honest.
Your bankruptcy lawyer will want information regarding your income, bills, taxes, lawsuits, and any foreclosure papers. Your Bellevue attorney will thoroughly review your financial situation and let you know if bankruptcy makes sense. Sometimes bankruptcy is not the answer to your problems, but our bankruptcy lawyers in Bellevue will give you an honest answer so that you can do what's best for you and your family.
- Making a decision. If you choose to file for bankruptcy, your lawyer will immediately start preparing your case. You can forward any harassing calls from debt collectors to us, and we will let them know that you've retained professional legal counsel.
- Follow-up appointments with your Washington bankruptcy lawyer. Bankruptcy cases are relatively straightforward, but there is plenty of paperwork that must be acknowledged. Your lawyer will prepare all of these legal documents so that you can stop by our office and go over the details.
- Signing the paperwork. Once we've reviewed your paperwork, you can meet with your bankruptcy lawyer in Bellevue and sign the documents. If you're in need of any clarification, we will take the time to make sure you understand every detail.
- Filing your bankruptcy case in federal court. Bankruptcy cases in Bellevue are handled by the US District Court, which is where your lawyer will file your case. If any creditors are still trying to contact you, they now have to stop entirely. From this point on, it is against the law for them to call you, sue you in court, send you a bill, or attempt to garnish your wages in court. Filing for bankruptcy also stops home foreclosures, the IRS, and car repossessions.
- Meeting with creditors. About 30 to 45 days after you file for bankruptcy there will be a Meeting of Creditors. Your Bellevue bankruptcy attorney will be at your side offering counsel during this meeting, and make sure that you are fully prepared for whatever may come up at the meeting.
- Discharging of debt. In Chapter 7 bankruptcy cases, your debt will likely be discharged about three months after your Meeting with Creditors. You are fully protected by the court for the duration. In Chapter 13 bankruptcy cases, the trustee will inform you of what steps must be taken to have your consolidated debt payment plan finalized. If you keep up with your monthly payments, any remaining debt will be discharged.
- When the process is done. If at any point after your bankruptcy is finalized you have any trouble with creditors, our Bellevue bankruptcy lawyers will send them letters or documents that will get them off of your back.
Our attorneys take take bankruptcy cases very seriously, because know how the devious and unscrupulous practices of debt collection agencies can damage a person's finances and their self worth. We fight against these unfeeling corporate practices because we want our clients to understand that bankruptcy laws exist to help people with financial problems. These helpful laws should never be misrepresented by making someone feel like a failure just to squeeze a few more dollars out of their wallet.
Bankruptcy is surprisingly affordable, and our Bellevue attorneys offer flat fee rates so that you never have to worry about extra costs. A payment plan may even be possible, depending on your circumstances.
Our professional law office handles countless bankruptcy cases, and we are proud of our ability to help so many people find a real debt relief solution. Most people contact a bankruptcy lawyer when their financial situation hits rock bottom, but you don't have to wait another minute.
Contact our office for a free consultation, and a Bellevue bankruptcy lawyer will fight to provide you with the maximum financial relief possible."Bellevue" is located in the Eastside region of King County, Washington, and is the third-largest city in the Seattle metro area. Bellevue boasts the second largest city center in Washington state, with more than 1,300 businesses and 10,200 residents. Bellevue is often recognized for its many attributes, and was ranked as the 2nd best place to live by USA Today in 2014.
To find out more about the City of Bellevue, pay a visit to the city’s homepage. This website contains plenty of useful information about Bellevue, including the how the local government operates. If you live anywhere in King County, including Bellevue, your bankruptcy case will be filed at the United States District Court for the Western District of Washington, which is located at 700 Stewart in downtown Seattle. The U.S District Courthouse is where you will attend your meeting of creditors.
We love Bellevue and the people who live there. Our Bellevue bankruptcy lawyers are eager to help you find the best path toward lasting debt relief, so contact our office today and take the first step.