This Seattle, Washington Chapter thirteen bankruptcy questions and solutions is offered for informational purposes and should not be taken as actual legal advice. Helping customers build brighter financial futures is all we do. Our holistic approach consists of an assessment of your personal monetary state of affairs, shopper monetary safety litigation when warranted, training to place you on the path to a 720 credit rating and monitoring of your bankruptcy discharge to protect you from unscrupulous creditors.
A Chapter 13 debtor must file with the bankruptcy court docket a certificate of proof establishing that an approved credit score counseling agency offered debt counseling at the least one hundred eighty days previous to submitting for Chapter 13. If the credit score counseling company created a debt administration plan, a replica have to be provided to the courtroom.
In truth, there are a lot of the explanation why submitting Chapter 13 is preferable to Chapter 7. The ability to repay non-dischargeable debts like taxes, little one support obligations and scholar loans; strip off mortgages and discharge property settlement money owed; cram down” debt and rates of interest on some vehicles; repay pension loans and exclude youngster help income all make Chapter thirteen a beautiful choice.
Helping consumers construct brighter financial futures is all we do. Our holistic approach includes an assessment of your private monetary situation, consumer financial protection litigation when warranted, education to put you on the path to a 720 credit score rating and monitoring of your bankruptcy discharge to guard you from unscrupulous creditors.
As a form of client reorganization, a Chapter thirteen petition is available only to individuals with less than $336,900.00 of noncontingent, liquidated, unsecured debts, and less than $1,010,650.00 of noncontingent, liquidated, secured money owed, pursuant to eleven USC §109(e), as adjusted every three (3) years in line with the Consumer Price Index.