Everett Seattle Debt Relief Lawyer
Many Americans are struggling with unpaid medical bills or staggering credit card debt. Others are going through a divorce or have lost a well-paying job. You have the right to pursue debt elimination or reduction through bankruptcy. Because the process is fairly complicated, we recommend that you consult with an experienced bankruptcy attorney for counsel.
At the Law Office of Andrew Gebelt, we offer clients a free initial consultation by telephone to get their questions answered. If you decide that bankruptcy is right for you, attorney Gebelt will personally meet with you to help you with the paperwork. We do not ask you to fill in a long, exhaustive questionnaire. Instead, attorney Gebelt will do the paperwork for you. All you have to do is answer the questions and provide needed financial verification such as paycheck stubs, bank statements and income tax filings. We offer clients an affordable, streamlined process which may let you emerge from Chapter 7 bankruptcy in as little as three months.
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Chapter 7 Bankruptcy | |
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Chapter 7 bankruptcy is the short form. In most cases Chapter 7 bankruptcy eliminates your debts in 90-120 days. To prove you are eligible to file a Chapter 7 bankruptcy, we must show that
In most Chapter 7 bankruptcies, you will be granted a discharge, eliminating the majority of your debts from 90-120 days after we file. | |
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Chapter 13 Bankruptcy | |
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CHAPTER 13 Homesaver Bankruptcy: Chapter 13 bankruptcy gives you time to catch back up on your mortgage while protecting you from your other creditors. Chapter 13 bankruptcy is designed to give you a way to catch back up on mortgages that have fallen behind and to permanently write down the size of your unsecured debt. Chapter 13 radically reduces your unsecured debts (e.g., credit card debt, medical bills) by obtaining the court's permission to redirect your available income primarily to catching back up on mortgages that have fallen behind. Chapter 13 bankruptcy catches back up on your mortgage and radically reduces your other debts. You make your payments to the Chapter 13 Trustee, who then pays your individual creditors. Your plan will last from 36 to 60 months. If you have a mortgage and car loans, you will continue to pay for these items in your plan. You also pay a reduced percentage of your unsecured debt in the plan. |
Everett Seattle Chapter 7 and 13 Bankruptcy Attorney
The type of bankruptcy you choose depends on your goals, your income and your debt load. In order to file for Chapter 7 bankruptcy, you must pass a means test. If you qualify, all non-priority unsecured debts, including money owed to credit card companies, hospitals and payday loans are discharged or deleted. You must turn over non-exempt assets to the court trustee. You are free to make a fresh start.
Saving the Family Home
Generally, it is easier to qualify for debt reorganization under Chapter 13 than debt liquidation under Chapter 7. Clients who have more than $125,000 in equity in their homes may benefit from Chapter 13, which lets them restructure mortgage payments and keep assets such as extremely expensive cars, boats, or recreational vehicles. In a Chapter 13 filing, it is usually possible to petition the court to reduce unsecured debts significantly.
Contact a Skilled Washington State Bankruptcy Lawyer
The Constitution established for you the right to pursue debt relief through bankruptcy. We will make your fresh start easier by helping you gather the information needed for filing, and support you throughout the process. Our fees are affordable, and our process streamlined so you can be free to start over in a shorter time. Call 425-488-0392 or call
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
