Chapter 7
Chapter 11
Chapter 13
Bankruptcy Attorney in Spokane Valley
Consider Bankruptcy and Get Your Life Back!
Those considering bankruptcy are often concerned about their reputation and credit as well as their feelings of self-worth. Many people struggle to make their minimum monthly payments on credit cards let alone other financial obligations. The stress of meeting these monthly obligations is often difficult on your health and well being—as well as your relationships.
Bankruptcy is available to give consumers who have become slaves to an unmanageable debt load as an option to have a fresh financial start in life.
We are a bankruptcy law firm located in Spokane, Washington. If you’re considering declaring bankruptcy contact us for a free consultation to find out if filing bankruptcy is the right option for you.
Real concern, real help, and the consultation is free
What’s the Difference Between Chapter 7, 11, and 13 Bankruptcy?
Chapter 13 allows for reorganization while Chapter 7 calls for outright liquidation—or straight bankruptcy and Chapter 11 is for large asset/debt individuals or businesses restructuring.
Chapter 7, also known as “fresh start” bankruptcy, is a form of debt relief intended to help individuals and families who are overwhelmed with unsecured debt, such as credit card debt, medical bills, and personal loans.
Advantages of filing chapter 7:
- Prevent creditors from filing lawsuits against you
- Stop collection efforts and wage garnishment
- Get a fresh start on your financial future
- Become debt free within 3 months of filing
- protect your personal property
Chapter 11, also known as the “business reorganization bankruptcy” is usually filed to keep a business open and operating and pay creditors back over time under new terms. They are also filed by individuals with large debts/assets.
Advantages of filing chapter 11:
- Prevent creditors from taking actions against you or your business
- Protection of your assets
- Keep control of your business assets
- Keep control over the operation of your business
- Repay your debts back under more advantageous terms.
- Negotiate better debt repayment terms
Chapter 13, also known as “reorganization bankruptcy” is a form of debt relief intended to help married couples or individuals who are overwhelmed with debt, but make too much money to qualify for chapter 7 bankruptcy, or who have substantial equity in real estate.
Advantages of filing chapter 13:
- Stop collection efforts, wage garnishment, or foreclosure
- Keep your house, car, and other valuable assets
- Reduce the amount of debt you owe
- Negotiate an interest-free repayment plan with creditors.
3 Easy Steps to a Fresh Start on Your Financial Future
Call our law office at (509)921-9500 or submit our form to schedule a free, no-obligation consultation with Robert C. Hahn
Get expert and experienced counsel on which chapter of bankruptcy will provide the best form of debt relief for you.
Allow our law firm to go to work for you, halting collection efforts, protecting your assets, and discharging your debts.
The bankruptcy process can be complicated. The bankruptcy code and laws that govern provide a number of hurdles.
There are forms that must be prepared properly. You must properly disclose all assets. Making a misstep in the process of filing for bankruptcy can have serious repercussions, including a denial of your case.
With over 23 years of experience, we can ease your way. If you’re considering filing for bankruptcy in Spokane or elsewhere in Washington state and are looking for a bankruptcy law firm, we can help—starting with a with a free consultation to assess your situation.
Can Bankruptcy Stop Foreclosure?
Yes, filing bankruptcy stops foreclosure. Depending on the type of bankruptcy you file, it may stop the foreclosure temporarily or it may give you the ability to repay the home arrearages through the bankruptcy and solve the foreclosure issue if that was the initial reason for the foreclosure.
Can You File Bankruptcy on Student Loans?
When you file bankruptcy, you must list all your creditors, so technically all creditors are filed on, but not all creditors are discharged or wiped out. Student loans are the type of creditor that is not automatically wiped out. The debtor, or person filing must filing an additional action called an adversary proceeding to seek the discharge of student loans. These types of actions are expensive and time consuming so if you think you qualify to have your student loans discharged you should discuss filing an adversary proceeding with your bankruptcy attorney. They can review the facts of your case and apply the law and explain your options and likelihood of success in an adversary proceeding.
Bankruptcy is an Available Option for Those Who Really Need a Fresh Start in Life
If you’re considering declaring bankruptcy, if you’ve experienced a loss of income, an accident, medical issues, went through a divorce, found yourself seduced by the never-ending offers of credit and cash advances or some set of circumstances beyond your control—we can help. Whatever the reason for your current financial circumstances, declaring bankruptcy is an option to consider.
How Bankruptcy Can Help You
- Become Debt Free with a bright financial future
- Fast Debt Relief (Most Clients Are Debt Free In 3 Months)
- Stop Collection Efforts, Wage Garnishments & Foreclosure
- Save Thousands Of Dollars In Restitution To Creditors
- Protect Your Valuable Assets From Your Creditors
Hard work and integrity—it’s what we're founded on.
Real concern, real help, and the consultation is free