Many people simply need a break from the increasingly pressing bills and debt to have a chance to catch up and return to regular payments. A Chapter bankruptcy 13 can provide that opportunity.
At Richard J. Shurtz, Attorney at Law, I am prepared to guide you through the process of filing for Chapter 13 bankruptcy. This path can allow you to discharge or diminish certain debts, but create a manageable payment plan to pay off the remaining obligations. For debts that are not dischargeable (i.e. they can't be wiped out in a Chapter 7 bankruptcy), a Chapter 13 plan can allow you to pay on terms that you can afford, not on the terms the creditor demands.
Snohomish County Debt Consolidation Attorney
Some people who cannot file for Chapter 7 bankruptcy still can face their debt through a Chapter 13. This process will still stop foreclosures about to proceed, as well as repossessions and garnishments. Many individuals and families are able to keep their homes and vehicles in a bankruptcy, with the aid of skilled legal counsel.
While to many people, Chapter 7 bankruptcy seems to be the quickest and easiest solution to their financial woes, Chapter 13 offers many advantages. For example, a Chapter 13 can allow you to get caught up on delinquent house payments or car payments, and keep the car or house that might otherwise have to be surrendered at the whim of the secured creditor if you file a Chapter 7 case. Also, a Chapter 13 bankruptcy can also allow you to keep assets that are worth more than you would be allowed to keep in a Chapter 7 action. Some people earn too much to file a Chapter 7 case. Usually you can still file a Chapter 13 case to keep creditors at bay. A particular advantage that Chapter 13 has right now over Chapter 7 is that it can allow people to get rid of second mortgages to their homes which have deflated in value. You cannot do this in a Chapter 7 case. Debt for motor vehicles still owed after about 2 ½ years may also be reduced in a Chapter 13. If you filed a Chapter 7 case in the last 8 years, you may still be able to file a Chapter 13 case, particularly if 4 years have passed since the filing of the Chapter 7 case.
I will guide you through the process of deciding which form of bankruptcy best fits your needs and situation. I offer free initial consultations to each client to understand his or her unique circumstances and concerns, as well as goals and what he/she would like to accomplish financially following the bankruptcy. Each situation is different, and I am committed to understanding your needs to provide the best solution possible. Some people do not need to file bankruptcy, and sometimes it is not in a person's best interests to file bankruptcy, even if it is possible to file bankruptcy. I am forthright in explaining these things to each client, as well.
To arrange a meeting please call me today at 425-329-3601 or toll free at 1-888-705-3360.