Federal Way
Photo of Attorney Erin Lane
Attorney Erin Lane Partner
Wipe Out Your Debts. Keep Your Property.

Chapter 13 in Federal Way

Get the facts from our Federal Way Chapter 13 bankruptcy lawyers

Bankruptcy offers a lasting solution to the problem of debt that spirals out of control. Chapter 13 bankruptcy has a number of advantages for people hoping to solve their debt problem, even though their income may be too high to file for Chapter 7. Filing for Chapter 13 bankruptcy immediately stops creditor harassment while allowing debt to be consolidated into a monthly payment plan. It's also likely that most unsecured debt will be fully or partially discharged.

Your Federal Way bankruptcy attorney can petition federal court to consolidate your debt and create an affordable payment plan that lasts from three to five years. You are only required to pay what you can afford because the idea is to create payments that get you back on track financially. Remaining unsecured debt like medical bills and credit card liability can be partially or entirely discharged when your payment plan is satisfied.

Speak with one of our Federal Way Chapter 13 bankruptcy lawyers today via a free consultation, find out if you qualify to file, and if bankruptcy is right for you. Filing for bankruptcy is not an admission of failure nor is it a last resort. It's an opportunity created by the federal government that helps you get back on your feet financially, restore your credit, and perhaps save your home from foreclosure.

Get maximum financial relief with help from our Federal Way bankruptcy lawyers
  • Filing for Chapter 13 bankruptcy allows you to eliminate debt and still keep most or all of your assets
  • Our Federal Way bankruptcy attorneys may need to conduct a means test to ascertain whether you can file Chapter 7 or Chapter 13
  • When you file Chapter 13 bankruptcy in Washington, creditors can no longer contact you and all debt collection stops
  • Chapter 13 is also called the "home saver plan" because mortgage arrears can be consolidated into the payment plan to stop home foreclosure in its tracks

Numerous people living in Federal Way mistakenly think that filing for bankruptcy will cause them to lose everything. Not only is this impression false but the vast majority of people who file for bankruptcy in Washington State are able to eliminate or consolidate their debt while losing none of their belongings.

Chapter 13 bankruptcy is especially helpful in situations where a person falls behind on bills and can't get caught up with debt before it grows out of control. Federal Way homeowners especially appreciate Chapter 13 bankruptcy, because it offers a way to save their home and resolve the debt issue that caused them to fall behind on their mortgage in the first place.

Talk to a Federal Way Chapter 13 bankruptcy lawyer from our Washington law office today and start find out whether you qualify.

Chapter 13 bankruptcy is a real solution to unmanageable debt

Chapter 13 bankruptcy allows for debt to be consolidated and reorganized it into an affordable monthly payment plan with a term of three to five years. Sometimes a means test is used to help determine whether the filer qualifies for Chapter 7 bankruptcy. If a person makes more than the Washington State median income for an equally sized family, Chapter 13 is likely their only option.

Once the payment plan has been satisfied, any remaining unsecured debt can be discharged. This includes credit card obligations, pay day loans, and medical bills, to name a few. Chapter 13 is especially appealing to some people because it allows them to protect their home and other assets.

Our Chapter 13 debt relief attorneys in King County will explain the details

Most Federal Way residents have little knowledge of their legal rights in regards to bankruptcy and debt.

You should realize that bankruptcy laws were written to protect you and your family from the overwhelming burden of crushing debt, by offering a means of escape where a fresh start is possible.

You don't have to worry about a debt collector calling every time the phone rings, or spend another day living in fear of losing your home. Contact our law office in Washington for a free consultation with one of our King County bankruptcy lawyers, get the facts, and then take the first step towards a worry-free financial future.