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Chapter 7 Bankruptcy
Benefits of Filing Chapter 7 Bankruptcy
Will filing for bankruptcy get rid of all my debt?
What debts are discharged in Chapter 7 bankruptcy?
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a form of debt forgiveness intended to help individuals who are behind on payments, such as their car or mortgage payments. Unlike chapter 7 bankruptcy (which discharges debt) Chapter 13 bankruptcy restructures a person’s debt with a repayment plan, allowing them to repay a portion of their debt over a period of 3 to 7 years, and can also discharge or reduce unsecured debts. Once the plan payments are completed, the debtor will receive a discharge of almost all liabilities and will be able to keep his or her property.
What are the Benefits of Filing Chapter 13 Bankruptcy
- Stop foreclosure proceedings immediately
- Stop repossessions
- Keep all of your assets
- Prevent interest from increasing on tax debt
- Eliminate second and third mortgages
- Stop collections against your co-signers
- Get out of Tax debt
- No student loan payments are required while in chapter 13 bankruptcy
How does a Chapter 13 Bankruptcy plan work?
RANDALL & WALDNER, PLLC - BANKRUPTCY LAWYERS IN VANCOUVER WASHINGTON
Putting your faith in a law firm should not be something that you do carelessly. At Randall & Waldner, PLLC, we have the credentials that assures that you are in the best hands possible. Should we agree to take your bankruptcy case, you can be confident that it will be given the highest priority from start to finish to reach the optimum result.
The Bankruptcy Law Firm of Randall & Waldner have more than 40 years of combined experience to place at your disposal in the expectation that you will join the hundreds of happy clients that they have served over the years. If you are serious about having your legal needs serviced by one of the best firms in the United States, you need only look as far as Vancouver’s bankruptcy lawyer Randall & Waldner, PLLC.