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Oregon and Washington Bankruptcy Lawyer
Our Seattle Bankruptcy team is ready to help!
Millions of dollars of debt discharged for clients by our Seattle Bankruptcy Attorney Law Firm
In the last decade, the economy has repeatedly taught us all that none of us are safe from financial upheaval, and that bankruptcy can become a necessity for anyone at any time. If you have spent months worrying about paying your next bill or stressing about how you will provide groceries for your family after paying your current monthly bills, bankruptcy may be your best option. Our experienced Seattle bankruptcy attorneys can guide you through this process and ensure that you do not jump head first into this without exploring all options.
Bankruptcy in Seattle, Washington
Bankruptcy provides relief for individuals and families who find themselves swimming amidst mountains of debt and unpaid bills. It is difficult to survive under so much stress and it is no way to go through life. There are two types of Bankruptcy that you can consider in filing for bankruptcy: Chapter 7 and Chapter 13. A Seattle bankruptcy attorney can assist you in going through both types of bankruptcy to determine which one is better for your unique situation. Chapter 7 Bankruptcy is often used if you have debt stemming from unpaid credit cards, medical bills, utility bills, and personal loans. However, your eligibility for Chapter 7 bankruptcy is largely determined by your income and assets. Not everyone who wants to file for Chapter 7 Bankruptcy is able to do so. A Means test will help discover which option is right for you. Chapter 13 Bankruptcy, on the other hand, provides a welcome shelter for you to get your finances back in order by imposing an automatic stay against all collections. Debts are then reorganized and may be reduced as a bankruptcy court calculates a 3-5 year repayment plan. Chapter 13 is often misunderstood as a plan for repaying all your debt. In reality most Chapter 13 filers end up paying dimes on the dollar to their unsecured creditors and recognize enormous savings when it comes to dealing with mortgages, auto loans and tax debts. Many of our Clients were surprised at the realization that filing for Chapter 13 can often deliver greater savings to them than filing for Chapter 7.
Northwest Debt Relief and Seattle Bankruptcy Attorney Law Firm
Bankruptcy has become more common as people all over the country find themselves struggling to pay their mortgage, credit card payments, utilities, and student loans. Bankruptcy can provide much needed relief and can allow you the time you need to get your finances back in order without too much upheaval to your family. Contact our Seattle Bankruptcy Attorney Law Office and we will help you to determine which bankruptcy option is best for you. After we work together to find out which option will work best, we will work out an arrangement with you with respect to your attorney fees so that you can get your case filed quickly without having to be worried about coming up with a ton of money before you get any results. We are a federally designed debt relief agency, we help people find solutions to their debt problems, including, where appropriate, filing petition for relief under the Bankruptcy Code.