Welcome to the Kimberly J MacLeod, PC, Bankruptcy Lawyer Blog

Despite the daunting perception surrounding bankruptcy, it can be the answer to helping you regain control of your life. Suppose you’ve fallen behind on large payments for a long time and find yourself being harassed by bill collectors. In that case, getting the help of a bankruptcy lawyer in Edmond, WA, is an excellent way to navigate the legal and financial turmoil you want to avoid. Let them know what your unique case entails, and they’ll provide you with the best option.

Three Main Bankruptcy Options

Finding a professional is worthwhile because a bankruptcy lawyer will often offer options to pay them for their services that are respectful of your situation. Additionally, you’ll be able to get good advice on how you can recover financially. In most cases, there are three main types of bankruptcy you can file for:

Chapter 7: Your assets can be sold to cover some of the debt and pay creditors.

Chapter 13: You keep the assets but will need to repay your debts over the next three to five years.

Chapter 11: Used for businesses, this bankruptcy reorganizes business affairs, debts, and assets.

Law firms like ours have specialized help that will help you plan for the future. Please feel free to contact us today to learn more about our services.