Chapter 13 in Olympia

Chapter 13 bankruptcy offers many people a way to solve debt problems, even though their income may be too high to file Chapter 7. When you file Chapter 13 bankruptcy, all creditor harassment and debt collection immediately stops. Debt is then consolidated into a monthly payment plan that lasts from three to five years. Upon its completion, your unsecured debt will be fully or partially discharged.

One of our Olympia bankruptcy attorneys can petition the court to consolidate your debt and create an affordable payment plan. You are only required to pay what you can afford. The goal of Chapter 13 bankruptcy is to help you get back on track financially.

Talk to one of our Olympia Chapter 13 bankruptcy lawyers via a free consultation and find out if you qualify. Filing for bankruptcy is an opportunity to get back on your feet financially, restore your credit, and maybe even save your home from foreclosure.

• Filing Chapter 13 bankruptcy eliminates debt while allowing you to keep most or all of your assets
• Our Olympia bankruptcy lawyers may need conduct a means test to determine whether you qualify for Chapter 7 or Chapter 13 bankruptcy
• When you file Chapter 13 bankruptcy in Olympia, all debt collection stops
• Chapter 13 is sometimes called the "home saver plan" because mortgage arrears can be consolidated into a monthly payment plan to stop home foreclosure

Many people residing in Olympia wrongly think of bankruptcy as a last resort that will cause them to lose everything. This impression is not only false, but the vast majority of people who file for bankruptcy in Washington are able to gain control of their debt while maintaining possession of their assets.

Chapter 13 bankruptcy may be especially helpful to people who fall behind on bills and can't get caught up. Olympia homeowners also benefit from filing Chapter 13 bankruptcy because it offers a way to save their home, while resolving the debt issue that caused them to fall behind on their mortgage payments in the first place.

Talk to one of our Olympia Chapter 13 bankruptcy lawyers today and start find out whether you qualify for this powerful variety of debt relief.

When you file Chapter 13 bankruptcy in Washington, your debt is consolidated and reorganized into an affordable monthly payment plan. You will have to maintain payments for a term of three to five years. A means test is sometimes used to help determine whether you qualify to file Chapter 13 or Chapter 7. If you earn more than the Washington median income for family the same size as yours, Chapter 13 may be your only bankruptcy option.

Once the term of your consolidation is satisfied, any remaining unsecured debt will be discharged. This includes pay day loans, credit card obligations, and medical bills, just to name a few. Chapter 13 is especially appealing to anyone who wants to protect high-value assets like a home or car.

Most Olympia residents are unaware that they have legal rights in regards to bankruptcy and debt.

Bankruptcy laws were designed to protect you and your family from the burden of overwhelming debt, by offering a chance for a fresh financial start when you need it most.

Once you file, you won't have to worry about any debt collectors calling or contacting you in any way. All debt collection will stop, and all wage garnishments will stop. Contact our law office in Olympia for a free consultation with one of our Thurston County bankruptcy lawyers. Get the facts about bankruptcy from an experienced legal professional, and then take the first step toward a worry-free financial future.