Everett Bankruptcy Attorneys

Everett Bankruptcy Attorneys

(425) 249-7156
Everett Bankruptcy Attorney

Everett Bankruptcy Lawyer

Erin M. Lane
Experienced, aggressive, affordable.
Flexible payment options. Flat low fees.
Everett, WA Bankruptcy Lawyers

Bankruptcy Lawyers in Everett, WA

Experienced Chapter 7 & 13 bankruptcy help in Snohomish County.

Ask our attorneys your bankruptcy questions.

FREE consultation: (425) 249-7156

Everett, WA Bankruptcy Attorneys

Our Everett bankruptcy attorneys can help you get back on track.

Before even considering hiring attorneys to file for bankruptcy, most people have struggled for years with debt. It is easy to plod along for too long hoping for a change in circumstances that will allow you to finally pay your debt. Getting in over your head can take place over years as more debt accumulates while you continue to believe that some day your income will take care of it. It can also happen overnight with a sudden medical emergency. When you finally are ready to explore bankruptcy, the Everett bankruptcy attorneys from our firm can show you how it can be a surprisingly easy and painless way to get back on track.

The sudden relief you can have with bankruptcy.

As soon as a bankruptcy is filed in Snohomish County, all debt collection stops immediately. As soon as a bankruptcy is filed with the help from our attorneys in Snohomish County, all debt collection stops immediately. You obtain sudden relief from phone calls, lawsuits, garnishments, foreclosures, repossessions, suspended drivers licenses and utility cut offs. Almost all debt collection is covered by the bankruptcy filing. The idea is to give you a chance to reorganize without creditors hounding you. Our bankruptcy lawyers in Everett, WA, you can help you easily enjoy this peace-of-mind too.

In the process, creditors may receive some payment but they have to share equally and they are limited to what you are legally obligated to pay. The purpose of bankruptcy is to give you a fresh financial start while leaving you with enough property to go forward in a dignified and stable manner. Most people who file bankruptcy with the guidance our attorneys provide find they are able to keep all their property. The bankruptcy lawyers in Everett, WA from our team can also help you retain your possessions through the process.

From qualification to filing, our Everett bankruptcy attorneys will assist you the whole way.

From qualification to filing, our Everett bankruptcy lawyers will assist you throughout the entire process.After our Everett bankruptcy attorneys assess that you qualify, the process starts by filing a petition and related documents with the federal bankruptcy court. A trustee is appointed to administer your case. Most people only deal with the trustee but a bankruptcy judge can decide some issues. Mostly likely you will only have to attend one short hearing, called a meeting of creditors, with your Everett bankruptcy attorneys about a month after you file. Creditors usually do not have any questions about bankruptcy petitions and do not attend these hearings, though it is possible. For the most part, if a creditor has a problem with a bankruptcy, it will be resolved by filing a motion with the bankruptcy court.

What is Chapter 7 bankruptcy?

In Chapter 7 bankruptcies, the trustee is mostly concerned with finding assets to liquidate for creditors. In most Chapter 7s there are no assets available for creditors because the law exempts them from being taken by the trustee. The exemptions are fairly generous, allowing most people to stay in their home, keep their car, retirement plan, household goods, work tools and some cash.

The US Trustee’s office reviews petitions for abuse of the bankruptcy system. If your household income is over the median income for your state, you could be accused of abusing the bankruptcy system in a Chapter 7. Households with higher income must go through a means test to show that their expenses are so high they do not have enough income to pay at least a portion of their debt in a Chapter 13. The means test is fairly strict and most people would have to tighten their belts to actually live on what it defines as a reasonable expense. However, there are ways to show you have special circumstances to overcome the presumption of abuse in your means test if its strict definitions show you should be in a Chapter 13.

What is Chapter 13 bankruptcy?

A Chapter 13 is a debt repayment plan that lasts three to five years. The trustee in a Chapter 13 receives monthly payments and splits them up among creditors. A Chapter 13 plan includes all creditors. Some creditors must be paid in full, such as non-dischargeable taxes and back child support.

Stop a foreclosure and keep the house for good in a Chapter 13 bankruptcy.You can stop a foreclosure and keep the house for good in a Chapter 13 but you must be able to pay back the arrears within five years, along with keeping up with your monthly payments. Cars loans can be reworked to lower payments. For cars purchased over two and a half years ago, the entire amount of the loan can be reduced to the value of the car. General unsecured debt, such as credit card debt, medical bills and pay day loans, are paid at a percentage according to what you can afford.

At the Chapter 13 Meeting of Creditors, the trustee will examine the petition and the repayment plan. The trustee can object to the plan, as can any creditor. Objections are usually resolved out of court but the ones that are not settled are argued before a bankruptcy judge. After the objections, if there are any, are resolved, the plan is confirmed by a bankruptcy judge. At that point you just keep making your monthly payments for three to five years. You can modify your plan to pay less if your income goes down or expenses go up. Some Chapter 13s are converted to Chapter 7 because of a change in circumstances.

At the end of a bankruptcy, the court issues a discharge. The discharge prohibits creditors from collecting on the debt forever. Some debt cannot be discharged, such as student loans, some back taxes, back child support and spousal maintenance and fines. Student loans and fines must be included in Chapter 13s but if they are not paid in full, the unpaid portion remains in most cases.

Everett bankruptcy attorneys: (425) 249-7156

A Chapter 7 bankruptcy stays on your credit report for 10 years. A Chapter 13 stays for 7. It will be harder to obtain new credit in Everett after a bankruptcy but not impossible. There are ways to rebuild your credit while the bankruptcy is still on your credit report. You can pay off a car loan, get a secured credit card or even a normal credit card and keep up with the payments. If you file bankruptcy in Everett, it should be because you were unable to pay the debt you had and were unable to take out new loans anyway. For many people, it offers a new beginning and does not result in the financial ruin they imagine - learn more from our Everett bankruptcy attorneys.

FREE consultation with our Everett bankruptcy lawyers - call today!

If you would like a new beginning, please contact the Everett bankruptcy attorneys from our firm today. Our attorneys have helped hundreds of clients re-establish their financial stability and find hope in a brighter future. With the low flat affordable fees provided, our bankruptcy attorneys make it as easy as possible to get the legal guidance you require during these tough times.

Everett Bankruptcy Lawyers

Snohomish County Chapter 7 & 13 bankruptcy help. Bankruptcy lawyers in Everett, WA helping you get back on your feet. Contact our attorneys for your FREE consultation:

Everett, WA: (425) 249-7156