Chapter 13 Bankruptcy Attorneys

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Olympia Bankruptcy Lawyers

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Olympia | Lacey | Tumwater | Shelton

Thurston County Bankruptcy Lawyers

Need to stop a home foreclosure?  Our Olympia Chapter 13 bankruptcy attorneys can help.  Call now for a free case evaluation.  (360) 350-4816.

Chapter 13 bankruptcy is nicknamed the wage earner bankruptcy. In a chapter 13 bankruptcy a debtor makes a monthly payment to a Bankruptcy Trustee over a period of 3 to 5 years paying a portion to all your debt off. There are many determining factors to how long you will be a chapter 13 bankruptcy.

If you are over the state median income for your household size most likely you will be a Chapter 13 plan of 5 years. If a debtor is under the state median income they can file a 3-year plan. Our Chapter 13 bankruptcy lawyers will help you determine if you can qualify for bankruptcy protection and relief.

Chapter 13 bankruptcy is the only bankruptcy to get caught up on your mortgage. In a chapter 13 bankruptcy you would be paying your ongoing monthly mortgage payment plus how far behind you are on your mortgage into the plan. Chapter 13 bankruptcy is also the bankruptcy to discharge tickets and dischargeable court fines not steaming from DUI or non-dischargeable exceptions. You can reinstate your license by making a monthly plan payment directly to the Trustee. We highly recommend consulting an attorney who is experienced in chapter 13 bankruptcy.

Qualifying

An individual or a business can file for a chapter 7 bankruptcy For an individual to be a debtor under chapter 7 bankruptcy their household income must be under the state median income for the state of Washington for their household size and not have filed a chapter 7 bankruptcy within the last 8 years or a chapter 13 within the last 6 years.

Only an individual can file a chapter 13 bankruptcy if they have not received a discharge in a previous chapter 7 less than 4 years ago or a chapter 13 less than 2 years ago. To file a chapter 13 bankruptcy unsecured debts must be less than $360,475 and secured debts less than $1,081,400. A corporation or any business may not file a chapter 13 bankruptcy.

An individual cannot file a chapter 13 bankruptcy or a chapter 7 bankruptcy if during the previous 180 days a prior bankruptcy petition was dismissed due to the debtor’s willful failure to appear before the court or comply with orders of the court or was voluntarily dismissed after creditors tried to get court permission to recover property which they had a lien to. A debtor must also take an approved credit-counseling course.

If you questions about whether or not you qualify for Washington State Chapter 13 bankruptcy relief, encourage you to call our offices for a free no-obligation consultation.  We can help you determine if a Chapter 13 bankruptcy can help you save your home and enable you to make monthly payments that you can afford.

Talk to an Olympia, WA Chapter 13 bankruptcy lawyer today!