King & Snohomish County Washington Bankruptcy Attorney
Nobody ever wants to file for bankruptcy, but there are situations in life in which debt can be overwhelming, and bankruptcy ultimately proves to be the best option. Anybody who is dealing with considerable debt in Washington will want to contact an experienced Lynnwood bankruptcy lawyer.
Filing for bankruptcy can be an extremely complicated process, so you will want to have legal guidance concerning all the appropriate steps to take. An attorney will not only help you with your initial filing but also guide you through what must be done after you file.
Types of Bankruptcy Cases
In general, the most common kinds of bankruptcy that people will file are either Chapter 7 bankruptcy or Chapter 13 bankruptcy. The difference is that Chapter 7 operates much like people imagine – in which all debts are discharged – but Chapter 13 will involve a payback plan.
The bankruptcy means test must be completed before filing for Chapter 7, and a person who does not pass that test may still file for Chapter 13. Chapter 11 bankruptcy is designed more for businesses that are struggling to pay their bills.
Many people hesitate to file for bankruptcy because they have concerns about having to give up property that is valuable to them, such as motor vehicles or homes. The good news is that many individuals who file for bankruptcy do not have to forfeit these possessions, which is why you should work with an attorney who can make sure you retain the items that are most important to you.
Call Us Today to Schedule a Free Consultation with a King or Snohomish County Bankruptcy Attorney
Are you having difficulty paying your bills in Washington? You will want to speak to Bountiful Law about what bankruptcy options you might have.
Our firm was founded by a pair of dedicated bankruptcy attorneys who understand all of the intricacies of bankruptcy law and can guide you to a seamless bankruptcy process. You can call 425.775.9700 or contact us online to take advantage of a free consultation that will allow us to really take a deeper look at your financial situation and offer advice about how to best proceed.
