Get the best legal advice for a Chapter 13 bankruptcy at the law offices with a free consultation, and find out what you can do about your debt. A bankruptcy attorney Tacoma WA area has low fees and a payment plan for clients who need a legal solution to their financial problems.
A Chapter 13 allows all your debt to be consolidated into a single payment plan of up to five years duration. All kinds of debt can be included with this plan, such as overdue mortgage repayments, taxes, car loans, and unpaid child support. All your creditors will receive prior notice, so there cannot be any dispute upon discharge later on.
The first step is to file some documents, including a petition, and a statement of your debts, budget, income and property. You will then come up with a plan that shows your creditors how you are going to repay your debt. A trustee will be appointed to handle your case; he or she is assigned the task of collecting payments and repaying your creditors. If your trustee or creditors can't agree with any aspect of your plan, there may need to be a court hearing, where the judge's decision is final.
After you have filed, you are required to attend a 'meeting of creditors' once a month. You, your trustee, and your Chapter 13 attorney in Tacoma usually attend these hearings. You will often need to agree with your trustee, though sometimes your attorney will defend you in court. Creditors usually speak to your attorney directly, or they may object in court, but they do not need to attend these meetings.
A Chapter 13 can save you from a foreclosure. The plan requires that you pay back the overdue mortgage within five years. If you keep up to date with payments and the plan is compliant with the law, then your lender must accept the terms of your plan.
A free consultation session with a Tacoma bankruptcy attorney about a Chapter 13 may be the best solution for your situation. Get the right advice from a team of legal professionals that are here to help you.
A Chapter 13 allows all your debt to be consolidated into a single payment plan of up to five years duration. All kinds of debt can be included with this plan, such as overdue mortgage repayments, taxes, car loans, and unpaid child support. All your creditors will receive prior notice, so there cannot be any dispute upon discharge later on.
The first step is to file some documents, including a petition, and a statement of your debts, budget, income and property. You will then come up with a plan that shows your creditors how you are going to repay your debt. A trustee will be appointed to handle your case; he or she is assigned the task of collecting payments and repaying your creditors. If your trustee or creditors can't agree with any aspect of your plan, there may need to be a court hearing, where the judge's decision is final.
After you have filed, you are required to attend a 'meeting of creditors' once a month. You, your trustee, and your Chapter 13 attorney in Tacoma usually attend these hearings. You will often need to agree with your trustee, though sometimes your attorney will defend you in court. Creditors usually speak to your attorney directly, or they may object in court, but they do not need to attend these meetings.
A Chapter 13 can save you from a foreclosure. The plan requires that you pay back the overdue mortgage within five years. If you keep up to date with payments and the plan is compliant with the law, then your lender must accept the terms of your plan.
A free consultation session with a Tacoma bankruptcy attorney about a Chapter 13 may be the best solution for your situation. Get the right advice from a team of legal professionals that are here to help you.
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Get a summary of the benefits of working with a bankruptcy attorney Tacoma area and more information about an experienced lawyer at http://www.findbankruptcy.com now.
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