Chapter 13 Bankruptcy Lawyers Tacoma

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Chapter 13 Bankruptcy Lawyers Tacoma
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How Does Chapter 13 Bankruptcy Work?
Often through no fault of their own, many people
fall behind on secured debt payments, like a home
mortgage or a car payment. In most cases, the
bank will begin low-level adverse proceedings
after a month or two, such as constant phone
calls. After one or two month, the moneylender
usually commences high-level adverse proceedings.
You may have the means to catch up on these
payments but just need a little extra time. If
thats the case, Chapter 13 bankruptcy is a
federally-backed repayment plan that gives you up
to five years to bring these accounts current.
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Qualifying for Chapter 13 Bankruptcy
To take benefit of this program, debtors must
meet a few qualifications.

• Unsecured Debt Amount
• Secured Debt Amount
• Prior Discharge

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Benefits of a Chapter 13

• Stop interest from continuing on unsecured debts
  in most instances.
• Take up to three years to repay the claims, and
  under some circumstances, you may take up to five
  years.
• Keep property that would otherwise go to your
  creditors in a straight bankruptcy.
• Stop some or all collection activities against a
  person who co-signed a debt for you.

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Contact Us
1201 Pacific Ave 600 Tacoma, WA 98402,
USA 253-343-1944 info_at_tacoma-bankruptcyattorney.
net tacoma-bankruptcyattorney.net
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