Chapter 13 Bankruptcy

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• Bankruptcy Office

  Olympia, WA

A Chapter 13 bankruptcy allows wage earners to reorganize and repay their debts through a Chapter 13 debt repayment plan over three to five years. Chapter 13 is intended for people with a steady source of income that is high enough to cover basic living expenses plus enough extra to pay into a bankruptcy court repayment plan.

Filing a Chapter 13 bankruptcy automatically stops home foreclosures, vehicle repossessions, wage garnishments, and other collection actions.

A Chapter 13 bankruptcy is commonly used to reorganize non-dischargeable debts that must be repaid such as home mortgages, equity lines of credit, child support, vehicle payments, taxes, student loans, and traffic tickets. It may help a person whose Washington State drivers license has been suspended or revoked get their licenses reinstated.

We will gladly help answer any questions you may have about filing a Chapter 13 Bankruptcy. Our offices are conveniently located in Olympia, WA and we have clients from Centralia, Shelton, Aberdeen, Yelm, and Dupont. Call for an appointment for a free consultation.

Common reasons for chapter 13 bankruptcy:

A Chapter 13 bankruptcy may be a better choice if one or more of the following is true:

1. You are behind in a mortgage loan or car loan and want to make up on the missed payments over time so you can keep your house or your car;
2. Your income gives you the financial ability to pay a portion of your debts over time;
3. You owe taxes, child support, or fines; You have a co-debtor or co-signer on a personal loan;
4. You have lots of property or other valuable assets that you want to keep;
5. Your drivers license has been suspended or revoked due to unpaid fines and you want to get your license reinstated;
6. You have already filed a Chapter 7 bankruptcy within the last eight years.