Possessions in Bellevue

Many people are hesitant to file for bankruptcy in Washington State because they don't want to lose the things they've worked hard to acquire. Debt collectors will sometimes fuel this fear by attempting to humiliate or scare the debtor into making payments on debt when they simply can't afford it.

This happens because most people are unaware that bankruptcy laws were created by the federal government to help hard working people get back on their feet financially. When you seek bankruptcy relief in Bellevue, you are permitted to retain property needed to maintain your dignity and financial independence. This is the only way you can get a fresh start financially, which is the primary goal of bankruptcy.

Contact one of our Bellevue bankruptcy lawyers today and find out how you can get out from under crippling debt, stop harassing phone calls from debt collectors, and keep the belongings you've worked hard to obtain, including 100% of your retirement. You have legal rights that our King County bankruptcy attorneys will protect.

• You can choose between federal or state exemptions on your property, thereby protecting them from seizure
• Retirement accounts are 100% exempt from seizure, so don't get cajoled by a lender into using this money to pay back unsecured debt
• You are allowed to keep any possession as long as you keep making payments, and this is called a reaffirmation agreement
• Chapter 13 bankruptcy is often the best way to protect high-value property, like a home or car

If you aren't able to make monthly payment to creditors, debt collectors will often try to make you feel like you are a terrible person if you don't give them money. These collection agencies are merciless, and the last thing they want is for you to understand your legal rights. This is the main reason why they hate our experienced team of Washington State bankruptcy lawyers.

Many people living in our state believe that filing for bankruptcy in federal court will result in losing everything they own. This is false, but the myth is often perpetuated by debt collectors who will say just about anything to get what they want. Take some time to get a better understanding of bankruptcy law with help from our King County debt relief lawyers, and don't make a financial blunder that could cost you a fortune in the long run.

The high pressure tactics used by collection agencies often result in hastily made, poor financial decisions. People who worked hard their entire life are sometimes pressured into cashing in their retirement in order to pay down an overdue credit card obligation or medical bill. But did you know that retirement accounts are 100% protected when you file for bankruptcy?

As mentioned above, bankruptcy laws were created to help people fully recover from financial hardship. No one opens a line of credit thinking that they will someday fall behind on bills. This is why so many people facing large amounts of debt make mistakes like cashing out their retirement to make a payment or two, when filing for bankruptcy would provide a far better option. Fear of losing personal possessions is often a motivator behind this action, but this fear is almost always unfounded.

Contact one of our Bellevue bankruptcy lawyers today and find out more about protecting your property and assets, by taking advantage of exemptions for:

• Homestead (home equity)
• Automobiles
• Household Items
• Jewelry
• Personal Injury Awards
• Back Government Benefits
• Back Child Support

If you're hesitant to file for bankruptcy because you're afraid of losing your property or assets, contact one of our bankruptcy attorneys in King County for a free consultation and get the facts. Most people we speak with are grossly uniformed about their legal rights in regards to bankruptcy, and are surprised when they discover the truth.

Your lawyer will protect you from debt collectors, put an end to the harassing phone calls, and offer you a way to get a fresh financial start by taking advantage of bankruptcy relief.