Possessions in Seattle

Many people are reluctant to file for bankruptcy in Washington because they're afraid of losing their possessions, home equity, or even their hard-earned retirement. Sometimes debt collectors add to this fear by utilizing unscrupulous practices intended to humiliate or scare the debtor into making payments they simply can't afford.

The truth is that bankruptcy was designed by the federal government to help hard working people get back on their feet financially after suffering insurmountable setbacks. Filing for bankruptcy in Seattle allows you to retain property required to maintain dignity and financial independence as you get a fresh start in life.

Contact one of our experienced Seattle bankruptcy lawyers and find out how you can get out from under crippling debt, stop harassing phone calls from creditors, and keep the possessions you've worked hard to obtain. You have legal rights, and our bankruptcy attorneys in King County will protect them.

• You can choose between federal or state exemptions, depending on your circumstances
• Retirement accounts are 100% exempt, both federally and in Washington State, so don't get tricked into using this money to pay back unsecured debt
• You can keep any asset as long as you keep making payments, but this option (called a reaffirmation agreement) should be carefully considered
• Chapter 13 bankruptcy may prove more beneficial if protection of property, like a home or car, is desired

If you fall behind on bills, creditors will often attempt to make you feel like you are the worst person in the world. The last thing debt collectors want is for you to be made aware of your legal rights, which is why they hate our experienced team of Seattle bankruptcy lawyers.

Many hard working people in Washington mistakenly believe that filing for bankruptcy in the US District Court will result in losing everything they own, and this myth is often perpetuated by debt collectors. Take time to familiarize yourself with bankruptcy law with help from our Washington lawyers and prevent making financial blunders that could cost you a fortune in the long run.

High pressure tactics employed by debt collectors often result in poor financial decisions. Debtors are sometimes pressured into cashing in their retirement in order to pay down unsecured debt from credit cards or medical bills, unaware that these accounts are 100% protected if they only filed for bankruptcy.

Bankruptcy laws were created by the Washington State and federal governments to help people fully recover from financial hardship. The vast majority of people had no intention of falling behind on bills, so they often make the mistake of attempting to pay back insurmountable debt when filing for bankruptcy would provide a far better option. Because fear of losing their possessions is often a motivator behind this action, you need to realize that many assets, like retirement, are protected from seizure after filing for bankruptcy.

Contact one of our Seattle bankruptcy lawyers and find out more information about protecting your property and assets. You may be able to seek exemptions for property that includes:

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

If you're reluctant to file for bankruptcy because you're fearful of losing your property or assets, contact one of our bankruptcy attorneys in King County for a free consultation today. Most people that contact us are grossly uniformed about their legal rights in regards to bankruptcy, and are relieved to find out the truth.

We will protect you from debt collectors, stop the harassing phone calls, and offer you a means toward a fresh financial beginning if you qualify for bankruptcy.