Chapter 13 Lawyer Serving Greater Puget Sound with offices in Federal Way, Seattle and Southcenter
We Offer Free Consultations At Our Office. If You Are Unable To Meet In Person, We Are Happy To Offer Free Skype Consultations As Well.
Chapter 13 can be a powerful tool to reorganize your financial affairs. Not only can it immediately stop a foreclosure, garnishment or lawsuit, but it can also be used to remove second mortgages, get back a driver’s license or pay the principal amount only of tax debt (instead of penalties, too). A Chapter 13 plan usually results in almost no payment to unsecured creditors like credit cards and medical bills, but instead focus on paying on debts you have to pay anyway like the mortgage, car payment or taxes. It is a common misconceptions that Chapter 13 requires full payment of creditors—it almost never does.
The attorney, Travis Gagnier, will sit down with you during the free consultation and go over your available options. In some situations where your income exceeds certain levels and in some other circumstances, we will help you set up a Chapter 13 payment plan that you can afford. Usually the plan lasts five years and will greatly reduce your monthly outgo for debt. The Chapter 13 bankruptcy plan will concentrate your money where it matter most to you—on house payments, car payments and other secured debt, or on taxes you have to pay anyway. Often we can eliminate or reduce interest and penalties on much of the debt, and discharge unsecured debts like credit cards, collections and medical bills, so that your plan payments are affordable.
Your monthly payment plan will be determined after evaluating the following factors:
- Nature and amount of your debts
- Average monthly expenses
- Average monthly income
Now that you have a basic understanding of the processes involved with Chapter 13 bankruptcy, you may be wondering whether this solution is right for your situation. Our Seattle bankruptcy lawyer may recommend filing for Chapter 13 bankruptcy if any of the following circumstances apply to you:
- You have achieved 100% payment of secured debts, but fail to meet payments for unsecured debts.
- You require the restructuring of your auto loans as a means of saving a vehicle.
- You need to repay the mortgage arrears (or back payments) that have accumulated for your home.
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You get what you pay for...
Travis & his staff took me through my Chapter 13 - which took just over 4 years to complete, and recently he took my girlfriend through the Chapter 7 process. I also retained him to handled my Will and Durable Power of Attorney. In one particular case, Travis was able to negotiate a settlement that was around 30% of the amount I owed. Travis is always on time to all court & hearing dates. Options were always clearly explained, and his advice always made sense. Travis was able to explain the law in a way that makes sense, and give real world examples.