Richard J. Shurtz, Attorney at Law

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When is Chapter 13 bankruptcy the right choice for you?

As Washington readers know, some financial struggles develop over time, while other spring up seemingly overnight. No matter the nature of your financial difficulties, when savings have been depleted and bills amount to more than you make in a month, you may feel that you are out of viable options. Fortunately, there are legal options available to you, including the option of Chapter 13 bankruptcy.

There are many ways to determine whether Chapter 13 bankruptcy is the right decision for you. If you have applied for debt relief via Chapter 7, but you have been denied, you might consider the other type of consumer bankruptcy. Filing for Chapter 13 may provide you with time to catch up on mortgage payments and other balances that have accumulated over time, all while under the protection of the automatic stay.

If you have concerns over losing your home or other valuable assets, Chapter 13 could be the appropriate choice for you. If you have a second mortgage on a home that has lost its value, you could be able to get rid of it, easing some of your financial burden. Before you file for bankruptcy or make any drastic decisions regarding your finances, it is important to know all the options available.

We help Washington individuals and families find legal solutions to overwhelming financial challenges. Chapter 13 bankruptcy may not be your first choice, but it could be the right choice for a stable and secure financial future. Schedule a case evaluation with a member of our experienced team and learn how you could discharge debt and rid yourself of creditor harassment.

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