Seattle Bankruptcy Attorney
Talking to a Seattle bankruptcy attorney does not mean that you have to file for bankruptcy. A qualified Seattle bankruptcy attorney should examine your financial situation and recommend options to protect your assets and get on with your life.
You need to understand all of your debt relief options before you proceed. For many people, bankruptcy is the first step towards a new financial life. Bankruptcy may be able to help get your debts, and your life, back under control.
For more details and information on how bankruptcy can impact your life, speak with a Seattle bankruptcy attorney. A local attorney can answer questions about your situation and what options are available, including Chapter 7 and Chapter 13 bankruptcy.
Filing under Chapter 7 or Chapter 13 bankruptcy
The most important advantage to filing under Chapter 7 or 13 is that you might be able to obtain a fresh financial start. Consumers who file for Chapter 7 may be able to discharge their unsecured debts, such as credit card bills and payday loan debt. When you file bankruptcy, you may be able to keep many of your assets, including your home, car and other personal items.
Chapter 13 bankruptcy involves a court ordering of your debts and the creation of a repayment schedule. The repayment period is usually three-five years, and during this time you and your property are protected.
As soon as your petition is filed, an automatic stay might be issued, which would prohibit most collection activity. If a creditor continues to try to collect the debt, the creditor may be cited for contempt of court or ordered to pay damages.
To learn more about what and how much of your property might be protected under Washington state law, speak with a Seattle bankruptcy attorney. To talk to a lawyer near you, call 877-349-1309 or complete our free case evaluation to get started.
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.