Chapter 13 in Seattle

If you fallen behind on bills to the point where getting caught up seems impossible, it may be time to consider bankruptcy as an option. Chapter 13 bankruptcy was created by the federal government to give hard-working people a chance to regain their financial independence, stop creditor harassment, and restore their ability to become contributing participants in the nation's economy.

In Washington State, Chapter 13 bankruptcy is reserved for people who have higher than average income who are in dire need of financial relief. Your Seattle bankruptcy attorney can petition the court to create an affordable debt repayment plan that lasts from three to six years. If the plan is accepted, you will only be required to pay what you can afford. This means that unsecured debt like medical bills and credit card liability can be partially or entirely waived, depending on your income.

Talk to one of our Seattle Chapter 13 bankruptcy lawyers today and find out if a fresh financial start is possible in your situation. Filing for bankruptcy does not make you a failure. In fact, it could be the best way for your to get back on your feet, restore your credit, or even save your home from foreclosure.

• Filing for Chapter 13 in King County allows you to kill debt without losing property, retirement, or even home equity
• Our Seattle bankruptcy attorneys will conduct a means test to quickly ascertain whether filing for Chapter 7 or Chapter 13 is possible
• When you file for Chapter 13 bankruptcy in Washington, all creditors must immediately cease all contact
• Chapter 13 is also known as the "home saver plan," which means all mortgage arrears and penalties are incorporated into your monthly payments

Many people mistakenly believe that filing for bankruptcy means losing everything that they worked hard to acquire. However, this impression is entirely false. The vast majority of people that file for bankruptcy in Washington State are able to destroy their debt while losing nothing.

Chapter 13 bankruptcy is especially beneficial for people who earn too much money to file for Chapter 7, but still find it impossible to get out from under crippling debt. For Washington State homeowners facing the possibility of foreclosure, filing for Chapter 13 bankruptcy offers a way out.

There is a reason debt collectors hate our team of Seattle Chapter 13 bankruptcy lawyers. Contact our office and find out why.

Depending on your income and overall financial situation, Chapter 13 allows you to consolidate your debt and reorganize it into a payment plan. The length of this plan is typically 60 months, but a means test will help determine the length of the plan and the amount you will pay monthly.

After you've completed your payment plan, you will be able to discharge any remaining unsecured debt including credit card obligations and medical bills. This means you can protect your home and other assets while paying less than the total amount of money you owe.

The vast majority of hard-working Seattle residents are grossly unaware of their legal rights when it comes to bankruptcy. Debt collectors are partially to blame, because they try to make them feel like failures in life when they can't keep up with their bills.

Our bankruptcy lawyers can help. Chapter 13 bankruptcy laws were written to protect you and your family from the tremendous burden of crushing debt. You don't have to live in fear of the phone ringing, wondering if it's another call from an unscrupulous creditor. Contact our law office for a free bankruptcy consultation with one of our King County bankruptcy lawyers, and take the first step toward financial freedom.