Washington Bankruptcy Lawyers
Living under the burden of massive debt doesn't have to become a way of life. In fact, many people turn to debt relief options like bankruptcy because of a temporary, unexpected setback. Perhaps you lost a job or are facing expensive medical bills from a recent illness or injury.
The U.S. Bankruptcy code addresses many types of debt, including credit card debt, medical bills, mortgage, utilities bills and even payday loan debt. Filing bankruptcy in Washington may eliminate some or all of this debt while simultaneously protecting all or most of your property.
To truly know the debt relief options available, speak with Washington bankruptcy lawyers near you. A bankruptcy lawyer can speak with you about the state's laws and which options are available to you. A lawyer can answer questions about your situation specifically, including how filing bankruptcy might impact you in the long-term.
To speak with a Washington state bankruptcy lawyer near you, call 877-349-1309 or fill out the free case review form on this page.
Do you qualify for Chapter 13 bankruptcy?
Chapter 13 bankruptcy organizes your debt - and may discharge some of your debt - and creates a court-scheduled repayment play. During this repayment period, which typically lasts three-five years, you are protected from creditor harassment, foreclosure and repossession. To qualify for Chapter 13 bankruptcy, you must satisfy three requirements:
- You must have a source of income that is considered to be "stable and regular." This assures the court that you would be able to meet the terms of your repayment plan.
- You must have enough disposable income to allow you to make your monthly payments in a timely fashion.
- Your debts must not be too high. If your secured debts exceed $1,010,650, you are not eligible for a Chapter 13.
If you do not meet the requirements for Chapter 13, then Chapter 7 bankruptcy may be a good option. Chapter 7 bankruptcy involves a liquidation of some of your assets to pay your creditors, but each state, including Washington, outlines specific exemptions. These exemptions protect certain amounts of your property and often include your house, car and other personal items, like wedding rings.
To learn more about Chapter 7 or Chapter 13, to see which options you qualify for and to see what and how much of your property is protected, speak with a bankruptcy lawyer near you.
If you have any questions, speak with a local bankruptcy lawyer
If you want to speak with a Washington bankruptcy lawyer about your debt relief options, how the state's laws might affect you, and other relevant bankruptcy information, call us toll free, at 877-349-1309 and we'll connect you with a local attorney. Or, you may fill out our secure, free case evaluation form.
Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.
