Chapter 13 Bankruptcy in Washington
Restore your finances with an affordable repayment plan.
Our attorneys discharge loans and create a stable future by guiding you through counseling and the courts.
What is Chapter 13 Bankruptcy?
Chapter 13 is a long-term bankruptcy solution that gives you a fresh start and restores your creditworthiness quicker than other options. This is known as reorganization bankruptcy, where our experienced attorneys create a repayment plan that gets you back on track. After working with us, the courts will discharge your unsecured debts, and we’ll guide you through secured loans.
The courts will appoint a trustee to manage your finances and assets, so you don’t have to live under overwhelming debt anymore. Rather than sell your assets, they keep you accountable to an affordable repayment plan to keep what matters most. Trustees allocate funds to the right creditors on your behalf so you can be free.
Our attorneys explain how to file, fill out the paperwork, attend the confirmation hearing, and more during the bankruptcy journey. Experts on our team have taken care of thousands of individual filers and will restore your finances.
Retain Control by Saving Collateral
We save your house, vehicle, and other significant assets from repossession or foreclosure with Chapter 13. Most lenders require these as collateral for secured loans, but our team wins them on your behalf. Our team helps you get a responsible trustee that deals with creditors while we restore your finances.
It’s not fair for you to lose the family vehicle or a roof for your children when there are reliable debt relief solutions available. And we can reduce your monthly repayment amounts with loan cramdowns in special circumstances.
Work with Chapter 13 attorneys in Kennewick and Eastern Washington that navigate you through the bankruptcy process.
Get Back on the Right Track
Our law firm’s job is to get you out of debt for your future, not just right now. Setting you up with finance and budgeting classes, you can learn how to get a handle on student loans, child support, and more. We provide resources and agencies that build a solid foundation while discharging your debts at the same time.
The Chapter 13 Process
Attend Credit Counseling
Beginning the bankruptcy journey, we set you up with credit counseling over the phone or at a local agency. Their team will teach you about restoring credit so can apply it during the repayment plan and beyond.
Fill Out Bankruptcy Forms
The Chapter 13 bankruptcy petition can be challenging if you’re not familiar with the court system and legal speak. Trust our experienced attorneys to show you how to file in the United States and gather information about your property, creditors, and income.
Contact the Trustee
The courts will get in touch with a knowledgeable trustee that reviews your paperwork. Once the courts approve your tax returns, bank statements, and other financial information, the trustee will start managing your Chapter 13 bank account.
Go into the Confirmation Hearing
You’ll partner with our bankruptcy attorneys and the trustee to create an affordable repayment plan to erase secured debts. Then, we’ll attend a court hearing with you and testify the proposal and receive feedback from creditors.
Attend Budget Counseling
To further equip you as a wage earner, our team recommends a counseling agency to receive teachings on budgeting. Our team will help you use these principles as you tackle one debt at a time and restore your family’s finances.
Finish the Repayment Plan
A trustee will manage your monthly debt payments and allocate them strategically to each creditor. The 3-5 year process will be intense at times, but it will set in motion a future of financial freedom that keeps you far away from debt.
Get a Clean Slate
Finally, we celebrate with you on succeeding in Chapter 13 bankruptcy! All your secured debts are paid through the repayment plan, and we persuaded the courts to discharge the rest.
Return to Great Credit Quicker
Many families choose Chapter 7 to get debt-free faster, but that doesn’t mean the bankruptcy record will disappear at the same pace. In fact, it holds on to their credit scoring for up to 10 years, scarring their chances of receiving future loans.
We believe the longer repayment process is worth restoring your creditworthiness quicker than other debt-relief solutions. You can dispel any trace of Chapter 13 within 7 years of filing for bankruptcy. That means you can take advantage of healthy credit use and live as a responsible money manager.
Chapter 13 Stabilizes Your Future
If you have enough income and meet the legal requirements for a bankruptcy case, we highly recommend it. Our experienced Chapter 13 attorneys in Spokane and eastern Washington are excited to guide you through every step and get you out on the other side.