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

Possessions in Federal Way

Does filing for bankruptcy Washington State mean losing your belongings?

A number of Federal Way residents are reluctant to consider bankruptcy because they're afraid of losing their belongings, retirement, or the equity in their home. Debt collectors often fuel these fears by scaring debtors into making payments on debt they simply cannot afford by claiming that filing for bankruptcy means losing everything.

This is entirely untrue. Bankruptcy was developed by the government to help people overcome debt problems by giving them a fresh financial start. In fact, filing for bankruptcy in Federal Way allows you to keep most of your property so that you can achieve financial independence.

Contact one of our Federal Way bankruptcy lawyers to get more information about relief from crippling debt. We can help you put a stop to harassment from creditors, and keep the possessions and assets you've worked hard to acquire. Bankruptcy law guarantees you certain legal rights, and our attorneys in King County will protect them.

Maintain ownership of your belongings and assets with help from our bankruptcy lawyers in Federal Way
  • You can select either state or federal exemptions for property, which may allow you to keep it
  • Your retirement is 100% exempt from seizure when you file for bankruptcy, and most or all of your unsecured debt will likely be discharged
  • Retain ownership of any asset by maintaining payments, but be sure this is in your best interests
  • Chapter 13 bankruptcy is sometimes better for the protecting high value assets, like a home or car

If your money problems spiral out of control and you simply can't afford to pay your bills, lenders will sometimes try to make you feel guilty, even though it's entirely out of your control. Debt collectors don't want you to find out that debtors have legal rights, which is why they hate our experienced Federal Way bankruptcy attorneys.

There are numerous people living in Washington who mistakenly believe that filing for bankruptcy will cause them to lose everything. Debt collectors and lenders benefit from promoting this myth, because fear prevents debtors from considering bankruptcy as an option. Take a few moments to familiarize yourself with bankruptcy law with help from one of our Washington State debt relief attorneys. Even a brief conversation could help prevent you from making financial blunders that are entirely avoidable.

Protect you assets by filing for bankruptcy

If you fall victim to the high pressure tactics often used by debt collectors, it could cause you to make poor financial decisions with potentially devastating consequences. Creditors sometimes convince debtors to pay down unsecured debt with all or part of their retirement. Because retirement accounts are 100% protected during bankruptcies, making this choice could lead to a great deal of regret.

Bankruptcy is a tool created by the government meant to help people recover from financial hardship. When people fall behind on bills, it's usually because something unexpected happened. Most people feel guilty about the situation and want to make good on their debt, but there is a point where it simply becomes impossible. Still, fear of losing one's retirement, equity, or belongings is powerful, but that is not what happens when you file for bankruptcy.

Our Federal Way bankruptcy lawyers will explain how you can pursue exemptions for property that includes:

  • Homestead (home equity)
  • Automobiles
  • Household Items
  • Jewelry
  • Personal Injury Awards
  • Back Government Benefits
  • Back Child Support
Make better financial decisions by contacting a Washington State bankruptcy lawyer today

Contact one of our bankruptcy attorneys in King County for a free evaluation of your situation and find out how you can get a fresh financial start. Almost everyone who contacts our Washington law office is surprised when they find out about their legal rights regarding bankruptcy.

Keep your possessions, wipe out debt, stop wage garnishments, and stop the harassing phone calls from creditors for good.