Chapter 13 in Bellevue

If you're at the point where your financial situation seems hopeless and creditors won't leave you alone, it may be time to consider filing for bankruptcy. Chapter 13 bankruptcy was developed by the US government to give hard-working people a chance to eliminate their debt and regain financial independence. Stop creditor harassment, and restore your ability to become economically viable in our nation's economy by taking a few simple steps.

In Washington, Chapter 13 bankruptcy is a way for people who have higher than average income to obtain much-needed debt relief. Your Bellevue bankruptcy attorney can petition the federal court to consolidate your debt into a three to five year affordable repayment plan. If the court accepts, you will only be required to pay for what you can afford, which could means that unsecured debt like medical bills and credit card liability can be partially or entirely discharged.

Speak with one of our Bellevue Chapter 13 bankruptcy lawyers and find out if lasting debt relief is possible for you. Some people may tell you that filing for bankruptcy makes you a failure, but the truth is that it could be the best way for your to restore your credit, get financially healthy or even save your car or home from foreclosure.

• Filing for Chapter 13 in Washington State allows you to kill debt without losing retirement, or home equity, or your property, depending on your situation
• Our King County bankruptcy attorneys will conduct a means test to ascertain whether filing for Chapter 13 is possible
• When you file for Chapter 13 bankruptcy in Bellevue, creditors must immediately cease all contact with you and all wage garnishments stop
• Chapter 13 is known as the "home saver plan," and it's often a way for homeowners to avoid foreclosure

Many Bellevue residents think that filing for bankruptcy will cause them to lose the assets and possessions that they worked hard to obtain. This impression is false. In fact, the vast majority of people who file for bankruptcy in Washington eliminate their debt and retain their belongings.

Chapter 13 bankruptcy is a way for people who earn too much money to file for Chapter 7 to stop the endless cycle of crippling debt. For Bellevue homeowners facing the possibility of foreclosure, filing for Chapter 13 bankruptcy may be the break they've been looking for.

Debt collectors hate our team of Bellevue Chapter 13 bankruptcy lawyers, because they know the first thing we are going to do is educate them about their legal rights. Contact our office and arm yourself with knowledge about this powerful tool.

Depending on your income and financial situation, Chapter 13 bankruptcy allows you to consolidate your debt into an affordable monthly payment plan. The term of this plan is typically 60 months, but it can be for a few as three years depending on a number of factors.

When your payment plan is complete, you can discharge any remaining unsecured debt like credit cards and medical bills. This allows you to protect your home and other valuable and necessary assets while paying less than the total amount of money you owe on unsecured debt.

The vast majority of King County residents have little knowledge of their legal rights when it comes to bankruptcy and debt. Debt collectors are partially to blame, because they don't want you to know that bankruptcy puts an end to their unscrupulous tactics to get money from you that you don't have.

Our bankruptcy lawyers are ready and can help. Chapter 13 bankruptcy laws were written to provide you with a means of finding relief from the tremendous burden of debt. Don't cringe whenever you hear the phone ringing, wondering if it's another call from a debt collector. Instead, contact our law office for a free consultation with one of our Bellevue bankruptcy attorneys, and take the first step toward a better financial future.