Tacoma
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Attorney Erin Lane Partner
Wipe Out Your Debts. Keep Your Property.

Possessions in Tacoma

Does filing for bankruptcy mean losing your possessions?

There are a number of people living in Tacoma who are reluctant to file for bankruptcy because they're afraid of losing their possessions, retirement savings, or the equity in their home. Debt collectors have no problem adding to this fear by attempting to humiliate or scare the debtor into making payments on debt that they simply cannot afford.

Don't get tricked by a debt collector, because bankruptcy was created by the federal government to help people with debt problems get back on their feet financially. The truth is that filing for bankruptcy in Tacoma allows you to maintain ownership of property that you need to maintain dignity and financial independence as you get a fresh financial start.

Contact one of our Tacoma bankruptcy lawyers today and find out how you can enjoy relief from crippling debt, stop harassment from creditors, and keep the assets you've worked hard to obtain. You have legal rights guaranteed under bankruptcy laws, and our attorneys in Pierce County will protect them.

Maintain ownership of your property and retirement with help from our bankruptcy lawyers in Tacoma
  • You may choose between state or federal exemptions on property, depending on your circumstances
  • Retirement accounts are 100% exempt from seizure when you file for bankruptcy, so don't let a debt collector trick into using your retirement to pay back unsecured debt
  • Keep any asset by maintaining the payments, but weight this option carefully
  • Chapter 13 bankruptcy is sometimes better for the protection of property, like a home or car

If you get to a point where you just can't pay your bills, creditors will often attempt to make you feel like you're a terrible person. The last thing debt collectors want is for you find out about your legal rights, which is why they hate our team of Tacoma bankruptcy attorneys.

Many people in Washington State mistakenly think that filing for bankruptcy will result in losing their possessions and retirement, and debt collectors benefit by promoting this myth. Take the necessary time to familiarize yourself with bankruptcy law. Our Washington State debt relief lawyers are ready to help prevent you from making financial blunders that could cost you a fortune down the road.

Bankruptcy law allows you to protect your assets

High pressure tactics utilized by debt collectors can result in poor financial decisions with devastating consequences. Sometimes creditors will convince debtors to cash in their retirement savings in order to pay down unsecured debt from medical bills or credit cards. This is a shame because retirement accounts are 100% protected when a person files for bankruptcy.

Bankruptcy laws exist to help people recover from financial hardship and get a fresh start. Most people fall behind on bills through no fault of their own, but still feel guilty about it. This is why so many people make the mistake of trying to pay back insurmountable debt, when filing for bankruptcy would offer a better solution. Often, fear of losing their retirement, equity, or belongings is a motivating factor behind this choice.

Contact one of our Tacoma bankruptcy lawyers and find out how you can protect your property and assets if you choose to file. It's possible that you can pursue exemptions for property that include:

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

If you're worried about filing for bankruptcy because you could lose your property or assets, contact one of our bankruptcy attorneys in Pierce County for a free evaluation of your situation. Most people that contact our law office are surprised when we explain their legal rights regarding bankruptcy in detail.

If bankruptcy is right for you, your lawyer will protect you from debt collectors, stop the harassing phone calls, and help you enjoy the many benefits of debt relief.