Chapter 13
Bankruptcy in Edmonds, WA, is a viable option that allows you to modify
payments to lenders in a structured, court-supervised debt consolidation
repayment plan. The total amount, length of time, and terms of the plan will be
determined by considering the amount and types of debt you are responsible for.
Other factors to consider will be determined by the types of property you own
and your historical record of income and living expenses. All of these factors
will be presented to the court by an appointed trustee who will, after court
approval, disburse your payment to your creditors in compliance with your court-approved
plan.
Restore Financial Health with Chapter 13 or 7 Bankruptcy in Edmonds, WA
Chapter 7 Bankruptcy is the most common type of debt relief
procedure. It is designed to give people the opportunity to start with a clean
slate by discharging the crushing debts they have accumulated. The types of
debts that can be forgiven include medical bills, credit cards, and personal
loans that the creditor may not have the means to repay. It does not, however,
allow for the discharge of debt associated with child support, alimony, student
loans, traffic or court fines, and past-due taxes. If you feel you need the
relief in Edmonds, WA, that
Chapter 13 or Chapter 7 Bankruptcy can provide, secure the services of a
reliable attorney like Kimberly J. Mcleod, P.C., to explain both plans and get
you back on the road to good financial health.
