Do I Qualify for Bankruptcy in Tacoma?

For Tacoma residents in serious financial trouble, bankruptcy provides a way to get a fresh start. Anyone can file for bankruptcy in Washington, but you must live for 90 days in the federal district from which you file. For Tacoma residents, this falls under the jurisdiction of the United State District Court for the Western District of Washington.

Whether you can file for either Chapter 7 or Chapter 13 bankruptcy will depend on a variety of factors that include your income and the amount of debt you owe. Your Pierce County lawyer will ascertain whether petitioning the court for bankruptcy makes sense for you. If you qualify, the next step is to determine which whether to file Chapter 7 or Chapter 13. You won't be able to file Chapter 7 if you already filed within the last eight years.

To find out more about bankruptcy and ascertain whether you qualify, contact our law office in Tacoma today. You can speak with one of our experienced attorneys and get more information without cost or obligation. If you would like to enjoy the benefits of debt relief by filing for bankruptcy, we can help.

• Before filing for bankruptcy in Washington, you're required to take a credit counseling course
• If you earn above than the median Washington State household income, a means test may be necessary to determine whether you qualify
• With Chapter 13 bankruptcy, you must earn enough income to make monthly payments on consolidated debt
• You will have to attend hearings in bankruptcy court, so let our experienced Tacoma bankruptcy lawyers help you take the first step

If harassing phone calls from creditors has you at the end of your rope with no hope of getting out from under insurmountable debt, bankruptcy may offer you a way to find lasting debt relief. Petitioning the bankruptcy court for financial relief immediately stops all debt collection, phone calls, and even wage garnishment. It also sets into motion a series of events that ultimately determine the success of the petition, and how much debt will be discharged.

Our experienced bankruptcy attorneys in Tacoma have handled hundreds of cases in the State of Washington, and usually can determine whether you qualify after a short, free consultation. If you want to get back in the black and stop the endless cycle of growing debt, contact our office for guidance.

You are required to take a credit counseling class before filing for bankruptcy in Washington. This class will arm you with information that you can use to review your circumstances and determine whether bankruptcy is your best choice. If you decide to proceed, your attorney will petition the federal court on your behalf.

If you earn below the Washington median household income, Chapter 7 bankruptcy is likely your best option. Chapter 7 allows you to discharge most or all of your unsecured debt, including credit card obligations, pay day loans, and medical bills. You may have to take a means test to determine if you quality for Chapter 7.

If your earnings are too high to file for Chapter 7, Chapter 13 may still give you the opportunity to get unbridled debt under control. In order to qualify for Chapter 13 bankruptcy in Tacoma, it will be necessary to make monthly payments on debt for three to five years after it is consolidated. Some or all of your unsecured debt may still be discharged after the term of the consolidation is completed.

Filing for bankruptcy in Washington State is usually a straightforward process. If you are burdened with ever-growing debt and have run out of options, seek relief with help from one of our experienced debt relief lawyers. Bankruptcy laws exist so that hard-working people can get a fresh financial start.

If you choose to take advantage of these laws, it doesn't make you a failure. What it means is that you are taking control of your life and putting your finances in order so that you can contribute to our nation's economy once again. Contact a Tacoma bankruptcy lawyer today, and find out whether you qualify.