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.
A 'meeting of creditors' occurs once a month, after you file. These hearings are normally attended by your trustee, your Chapter 13 Tacoma attorney, and you. You are usually required to agree with the trustee; however, on occasion, your attorney may represent you in court. He or she will also speak to your creditors, who do not attend the monthly meetings, about their concerns. Creditors may also file any objections in court.
Chapter 13 is a good legal solution if you want to stop a foreclosure, though you will need to pay back mortgage in arrears over a five year period. The lender must accept your bankruptcy, under the conditions that the payment plan is legal, you remain current with it, and that the mortgage will be up to date at the end of the five years.
If you need to file for bankruptcy, a free consultation with a Tacoma Chapter 13 bankruptcy lawyer is your best option. The team of professionals will be happy to answer any questions you may have, and will work with you to achieve the best outcome possible.
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.
A 'meeting of creditors' occurs once a month, after you file. These hearings are normally attended by your trustee, your Chapter 13 Tacoma attorney, and you. You are usually required to agree with the trustee; however, on occasion, your attorney may represent you in court. He or she will also speak to your creditors, who do not attend the monthly meetings, about their concerns. Creditors may also file any objections in court.
Chapter 13 is a good legal solution if you want to stop a foreclosure, though you will need to pay back mortgage in arrears over a five year period. The lender must accept your bankruptcy, under the conditions that the payment plan is legal, you remain current with it, and that the mortgage will be up to date at the end of the five years.
If you need to file for bankruptcy, a free consultation with a Tacoma Chapter 13 bankruptcy lawyer is your best option. The team of professionals will be happy to answer any questions you may have, and will work with you to achieve the best outcome possible.
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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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