Bellevue, Washington, Chapter 13 Bankruptcy Lawyer
If you would like to discharge your debt by paying back your creditors on a set payment schedule, Chapter 13 bankruptcy may be right for you. By filing for Chapter 13 bankruptcy, you will be able to retain your assets while you pay off as much of your debt as you can afford. At the Bellevue, Washington, law offices of the CBG Law Group PLLC we can help you get the debt relief you deserve.
Stop Garnishment, Stop Foreclosure, and Stop Harassing Phone Calls
Call 425-283-0432 for your free initial consultation.
Given the recent changes to the federal bankruptcy laws, it is now more difficult to qualify for Chapter 7 bankruptcy. If you do not qualify for Chapter 7 bankruptcy, you may still be able to discharge your personal debt by filing for Chapter 13 bankruptcy. By filing for Chapter 13, you will be able to save your house, keep your car, and retain all of your personal assets in most cases as you pay off as much of your debt as you can afford. We can help you determine if you are eligible for Chapter 13 bankruptcy.
Chapter 13 Repayment Plan
Chapter 13 bankruptcy payment plans generally last between three and five years. During that time, you will make payments to your creditors based on what you can afford to pay. When the previously determined length of the plan is completed, your remaining debt will be discharged.
The amount of the payments you make to your creditors will be determined by a federal means test. The means test determines your disposable income at the end of each month, which is the amount of money you have left over, after paying your bills and taking care of your daily expenses. This disposable income will often constitute your payments to creditors.
Why file for chapter 13 bankruptcy?
As soon as you file for Chapter 13 bankruptcy, you will stop wage garnishment and harassing phone calls from creditors. As previously mentioned, you can retain all your assets, including your house and your car, in most cases. By entering a plan to repay your creditors, you will begin to rebuild your credit as well. When the process is over, your debt will be completely discharged.
Credit Counseling
If you are going to pursue personal bankruptcy, you have to undergo credit counseling. This federally mandated requirement will help you understand what you can do to rebuild your credit, avoid future debt, and plan for the future. We can help you discharge your debt, and with the right counseling, you will be moving toward a debt-free future.
Contact Us
At the Bellevue, Washington law offices of the CBG Law Group PLLC we understand how stressful it can be to consider bankruptcy as an option for paying off your debt. That is why you will meet directly with your attorney throughout the bankruptcy process. Contact us today for a free initial consultation. Please call 425-283-0432 to speak with our experienced lawyer.
