Washington Debt Relief Lawyer
With the current economic downturn, many people find themselves struggling with debt. Perhaps you are buried under credit card debt, or you may be having trouble paying the mortgage. The good news is that help is available. Bankruptcy may be a way to make a fresh start.
I am attorney Terry Simon. I have been representing people in the Snohomish County area for 25 years. If you need assistance filing for bankruptcy, I can help. We will discuss your financial situation and I can help you decide which option may be right for you. Call today so we can get started soon. To make an appointment, please call my office at 360-799-3098.
Chapter 7 and Chapter 13 Bankruptcy
If you file Chapter 7 bankruptcy, many of your debts will be discharged, which means you will not have to repay them. Examples of dischargeable debt include credit card debt, unsecured loans and medical bills. To qualify for Chapter 7, your income must be below the median for a household of your size in Washington.
Unlike Chapter 7 bankruptcy, Chapter 13 restructures your debt into a repayment plan of either three or five years. The monthly payments on your loans will be lowered, so you will be able to continue making payments. If you are hoping to keep some of your assets, such as your house, Chapter 13 bankruptcy is a good option.
Certain debts and obligations, including spousal and child support, student loans, taxes and wrongful death or injury judgments, are not dischargeable under any type of bankruptcy. One of the benefits of bankruptcy is that you receive an automatic stay from all collection activities during the bankruptcy process. The automatic stay will stop creditor phone calls and prevent creditors from garnishing your wages, filing and foreclosing on liens, and seizing collateral or property.
For a reduced-fee consultation with a Monroe bankruptcy attorney, please call 360-799-3098 or contact me online.
