Chapter 13 in Tacoma

If you simply can't get caught up on bills, bankruptcy may offer the solution you've been looking for. Chapter 13 bankruptcy was developed by the government to give hard-working people a chance to regain their financial independence when uncontrollable debt is making it impossible to keep up. With Chapter 13 bankruptcy you can stop creditor harassment, consolidate non-dischargeable debt, likely discharge some or all of your unsecured debt, and restore your ability to become an active consumer once again.

In Washington, Chapter 13 bankruptcies are especially beneficial for people who earn higher than the state's median income for their family size. Your Tacoma bankruptcy attorney can petition the court to consolidate your debt and develop an affordable repayment plan that lasts from three to five years. You will only be required to pay what you can afford, which means that unsecured debt like medical bills and credit card liability can be partially or entirely waived.

Talk to one of our Tacoma Chapter 13 bankruptcy lawyers today and find out if you qualify for this variety of debt relief. Filing for bankruptcy doesn't mean you've failed, but it does mean that you recognize the need to get back on your feet financially, restore your credit, or possibly save your home from foreclosure.

• Filing for Chapter 13 bankruptcy in Pierce County lets you eliminate debt without losing most or all of your assets
• Our Tacoma bankruptcy attorneys can conduct a means test to quickly ascertain whether filing for Chapter 7 or Chapter 13 is the better option
• When you file for Chapter 13 bankruptcy in Washington State, all creditors must immediately cease all contact and all wage garnishments stop
• Chapter 13 is sometimes called the "home saver plan" by homeowners, because mortgage arrears and penalties can be consolidated into your payment plan

There are a number of Tacoma residents who mistakenly believe that filing for bankruptcy will result in losing everything they own. This impression is entirely false, and in truth the vast majority of people that file for bankruptcy in Washington are able to eliminate or consolidate their debt while losing nothing.

Chapter 13 bankruptcy is helpful in a variety of situations where someone falls behind on debt and has little to no hope of recovery. For Tacoma homeowners facing the possibility of foreclosure, Chapter 13 bankruptcy offers a way to save their home.

Contact one of our Tacoma Chapter 13 bankruptcy lawyers for a free consultation and find out whether you qualify.

Depending on your income and the size of your family, Chapter 13 bankruptcy allows you to consolidate your debt and reorganize it into a payment plan that lasts from three to five years. A means test is sometimes used to help determine whether a person qualifies for Chapter 7 or Chapter 13 bankruptcy, but if you make more than the Washington State median income for a family your size, the latter is more likely.

After your payment plan term has concluded, you can discharge any remaining unsecured debt, which includes credit card obligations and medical bills. Chapter 13 allows you to protect your home and other assets while paying less than the total amount of debt that's currently dragging you down.

The majority of Tacoma residents are unaware of their legal rights when it comes to bankruptcy and debt. Creditors and lenders are partially to blame, because their efforts to get money from debtors often affects their self-worth.

Our Chapter 13 bankruptcy attorneys want you to know that these laws were written to protect you and your family from the overwhelming burden of crushing debt. Don't live in fear of the phone ringing, or spend another day worrying whether you're going to lose your home. Contact our law office for a free consultation with one of our Pierce County bankruptcy attorneys, and take the first step toward a more promising financial future.