Providing the Relief You Need Through Chapter 13
In many situations filing Chapter 13 may be more beneficial than filing Chapter 7. Some clients do not qualify for Chapter 7 but still need relief from their creditors. For them Chapter 13 may be an option. For homeowners Chapter 13 may be a means to stopping a pending foreclosure or removing a second (or third) mortgage. We can discuss your options under both Chapter 7 and 13.
The bankruptcy laws are complicated. There are a lot of factors that need to be considered in deciding whether to file bankruptcy or not, and if you are going to file, which chapter to file under. Don’t make these decisions without consulting with a capable, competent attorney.
Many of our clients are being hounded by their creditors; their phones ring constantly from call after call by collection agencies. They fear foreclosure, repossession of their cars, and garnishments. The stress of financial woes can affect all aspects of your life. You don’t have to live with that stress any longer. Contact us online or by phone at 425-258-2704 or toll free at 866-415-1705. We will schedule you an appointment for a free initial consultation at our Everett office to discuss your bankruptcy options.
You Can Afford a Chapter 13 Repayment Plan
Many clients who don’t qualify for Chapter 7 assume that they cannot afford to pay their creditors in a Chapter 13 bankruptcy. While there are some clients who cannot afford to file Chapter 13 most of our clients end up with an affordable payment plan. The amount that you will have to pay will depend on many factors. However, at the initial consultation we can give you a good idea of what your plan payment would be.
A repayment plan is not meant to punish you and put you in a more difficult financial situation. The plan is designed to allow you to repay what you can afford to pay. Most unsecured debt remaining after the repayment period will be discharged.
The Debt Relief You Need Through a Chapter 13 Bankruptcy
Most personal bankruptcies are filed under Chapter 7, but there are many reasons people elect to file Chapter 13. Some clients have significant income but can’t afford the minimum payments on their unsecured debt. Most of these clients can reduce their monthly payment through Chapter 13. People facing foreclosure, but wanting to keep their home, who can afford the monthly payment but need time to get caught up, can stop the foreclosure through Chapter 13. Homeowners with more than one mortgage, whose houses are worth less than what is owed on their first mortgage, can eliminate the second mortgage in Chapter 13. Chapter 13 can also be an effective way to repay back taxes.
For more information or to schedule a free 30 minute consultation with an experienced lawyer regarding a Chapter 13 bankruptcy, please contact us.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.