Chapter 13 in Everett

If you're mired in debt to the point where getting caught up seems impossible, perhaps it's time to consider bankruptcy as way to start over financially. Chapter 13 bankruptcy was developed by the federal government to give hard-working people a way to put an end to the vicious cycle of debt, and restore their ability to become contributing participants in the United State's economy.

In Washington, Chapter 13 bankruptcy is reserved for those who earn higher than average income, but are still in dire need of debt relief. Your Everett bankruptcy attorney can help you file for Chapter 13 bankruptcy, which allows you to consolidate your debt into an affordable repayment plan that lasts from three to six years. If the court accepts the plan, you will only be required to pay the amount of money that you can afford. This often means that unsecured debt can be partially or entirely discharged, depending on your annual income.

Talk to one of our Everett Chapter 13 bankruptcy lawyers today and find out if you qualify for a fresh financial start. Filing for bankruptcy does not make you a deadbeat or failure, and it may be the best way for your to restore your credit, or even save your home from bank foreclosure.

• Filing for Chapter 13 in Snohomish County allows you to eliminate debt without losing property, retirement savings, or home equity
• Our Everett bankruptcy lawyers will conduct a "means test" to quickly ascertain whether filing Chapter 13 is possible
• When you file for Chapter 13 bankruptcy in Washington State, all creditors must immediately cease all contact with you and wage garnishment also stop
• Chapter 13 is also referred to as the "home saver plan," which means all mortgage arrears and penalties may be incorporated into your monthly payments, allowing you to keep your home

Many people are under the false impression that filing for bankruptcy will cause them to lose everything that they worked hard to acquire. This impression is entirely false because the vast majority of people who file for bankruptcy in Washington are able to eliminate their debt entirely, while losing nothing.

Chapter 13 bankruptcy is especially beneficial for those who earn too much money to file for Chapter 7, but still need immediate relief from crippling debt. For Washington homeowners facing home foreclosure, Chapter 13 bankruptcy may provide a way to save their home.

Debt collectors hate our experienced team of Everett Chapter 13 bankruptcy lawyers, and with good reason. Contact our law office in Snohomish County today and find out why.

Depending on your earnings and financial situation, Chapter 13 allows you to consolidate your debt into an affordable monthly payment plan. The length of this payment plan is typically 60 months, but it can be as short as three years. A means test will help determine the length and terms of the repayment plan.

After you've fully completed your payment plan, you are allowed to discharge any remaining unsecured debt. This includes credit card obligations, medical bills, and other forms of unsecured debt. This allows you to protect your home and assets while paying less than the total amount of your current debt.

The majority of hard-working Everett residents are entirely unaware of their legal rights when it comes to finances and bankruptcy. Debt collectors are partially to blame, and will use this against debtors by trying to make them feel like failures in life if they fall behind on bills.

Our bankruptcy attorneys in Everett urge you to take steps to eliminate your debt. You don't have to live in fear of your phone ringing, wondering if yet another unscrupulous debt collector is calling to harass you for money you don't have. Contact our law office for a free consultation, and one of our Snohomish County bankruptcy lawyers will help you take the first step toward financial freedom.