Seattle Chapter 13 Attorney | Washington Personal Bankruptcy Lawyer | Stop Home Foreclosure Debt Relief King County WA

Seattle, Washington Chapter 13 Bankruptcy Attorney Ruth Nelson

Could Bankruptcy Help You Prevent Home Foreclosure?

A record number of American homeowners have defaulted on adjustable rate mortgages (ARMs) because their payments increased to unaffordable levels.

If you are worried about losing your home, I can evaluate your situation and help you decide if bankruptcy can help you save your house. The sooner you seek help after missing a mortgage payment, the easier it will be to manage.

Contact me today for a free phone consultation.

If you experienced a temporary setback (such as job loss or illness), but could afford your mortgage if you weren't behind, bankruptcy may be a good option for you.

If you can't afford your mortgage because of other debt, bankruptcy could get rid of that debt so you pay your mortgage. However, if you built up that debt because you really can't afford your mortgage, bankruptcy may only put off the real problem.

Chapter 13 bankruptcy, often called a "wage earner" bankruptcy, can help you prevent home foreclosure and rebuild your financial well-being. In this type of bankruptcy, a three to five-year repayment plan is developed by the bankruptcy court, based on what you can afford to pay. At the end of the plan, your debts are paid off.

As a bankruptcy lawyer, I have been helping people qualify for and file personal bankruptcy since 1988, and I am here to help you.

Call me today at (206) 633-2517 for your free phone consultation. I answer my own phone on weekdays between 9:00 a.m. and 9:00 p.m. Or, contact me by e-mail and I will get in touch with you promptly.

How does Chapter 13 bankruptcy work?

If you do not qualify for Chapter 7 bankruptcy, Chapter 13 bankruptcy can still help you get debt relief.

In a Chapter 13 bankruptcy, the court sets up a three to five-year repayment plan for you based on what you can afford to pay. The standards for how much you can pay do allow you to live a decent life. Your creditors cannot reject the plan as not good enough. They can't charge you interest or harass you in any way.

Other benefits of Chapter 13 bankruptcy include:

Chapter 13 stops creditor harassment immediately.
In some situations, you will not have to repay all of your debt—only what you can afford to pay off during the five-year repayment period. At the end of the plan, any qualifying debt you could not afford to pay off is discharged.
Since new interest and penalties on your debt are stopped, your debt doesn't continue to grow while you're trying to pay it down.

When your Chapter 13 repayment plan is complete, the debt is legally paid off. None of your creditors can claim that you still owe them money from before the bankruptcy.

For your free phone consultation and to learn more about Chapter 13 bankruptcy, call me at (206) 633-2517. Or, contact me by e-mail today. I take appointments 7 days a week and evenings until 7:00 p.m., and my services are entirely confidential.

Cash, Checks and Money Orders Accepted

Law Office of Ruth Nelson

Helping people get debt relief since 1982

7742 14th Avenue NW
Seattle, WA 98117-4221
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Phone: (206) 633-2517

Seattle, Washington bankruptcy lawyer Ruth Nelson helps consumers obtain debt relief through Chapter 7 bankruptcy and Chapter 13 bankruptcy. She represents clients throughout the greater Seattle area in cities such as Seattle, Bellevue, Everett, Kent, Auburn, Lynnwood, Edmonds, Ballard, Mukilteo, Mill Creek, Snohomish, Marysville, Arlington, Monroe, Bothell, Redmond, Kirkland, Renton, Burien, Tukwila, Federal Way and Oak Harbor.