Bankruptcy:
A Fresh Start is Still Possible
Bankruptcy is our society’s way of helping good people to recover from debt that they can no longer handle on their own.
As you have probably heard, bankruptcy laws were significantly changed on October 17, 2005. Although these new laws are not as simple or friendly to those seeking protection, bankruptcy is still available for most people whose debts are overwhelming them.
At Sno-Isle Bankruptcy we help families and individuals throughout the north Puget Sound region of Washington State to obtain valuable debt relief and regain control of their lives through the bankruptcy process. There are two basic forms of bankruptcy for people:
Chapter 7: A Fresh Start
- Chapter 7 offers a simple form of debt relief for most people.
Fresh Start Bankruptcy can allow eligible people to wipe away their unsecured debts with a straightforward application to a federal judge. While the new law changed the procedures and some of the eligibility requirements, most people who file under the new law will achieve the same result as those who filed under the old law. The best estimates available suggest the results to be the same for 85-90% of applicants.
Chapter 13: Re-organize For a Brighter Future
- Chapter 13 Bankruptcy Protection allows eligible people to restructure their debts, sometimes paying them off completely and sometimes paying some and wiping away others. This can be useful in dealing with debts not covered by Chapter 7 bankruptcy, such as taxes or court fines. This also can allow you to catch up on a mortgage or car payment over time.
Chapter 13 is for consumers and is the most common form of reorganization but Chapter 12 (for farmers), and Chapter 11 (for businesses) are also options that remain available.
What Happens To My Assets?
Usually, a person or couple can file for bankruptcy while keeping assets such as retirement accounts, home equity, cars, household possessions, and businesses. There are limits and rules for this, but those limits do not affect most families.
If you are overwhelmed by debt, experienced Washington bankruptcy lawyers can help.
If you are considering filing a Washington bankruptcy, any lawyer is allowed to help people file for bankruptcy. However, for a decision this important, you need an attorney you can trust. At Sno-Isle Bankruptcy, we practice exclusively in bankruptcy and can provide you with the experience and in-depth knowledge you need to made a sound decision and achieve your rightful fresh start.
When you are ready to take the next step, contact Sno-Isle Bankruptcy today and let us help you get started.
Call Toll Free at 1-877-570-5588
Free Attorney Consultation
Weekend Appointments Available
Stephen Garvey
Sno-Isle Bankruptcy
7100 Evergreen Way, Suite E
Everett, WA 98203
Fax: 425-265-9401
Phone:
Snohomish County, Everett and South County: 425-265-9400
North and East Snohomish County: Toll Free 1-877-570-5588
King County: Toll Free 1-877-570-5588
Island, Skagit and Whatcom Counties: Toll Free 1-877-570-5588
