Chapter 13 Bankruptcy Attorney Seattle

Chapter 13 Eligability

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Law Offices of Mark McClure
1200 Westlake Ave N #1006, Seattle, WA 98109
 
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Chapter 13 Eligability

All individuals are qualified to apply for chapter 13 granted that the individual's secured liabilities are lower than $1,149,525 and unsecured liabilities total less than $383,175.). Self employed individuals and those operating unincorporated businesses are also eligible under the condition that their liabilities are lower than the previously mentioned figures. These figures are periodically adjusted to mirror fluctuations in the consumer price index. Partnerships and corporations cannot be a chapter 13 debtor.

In the case a previous bankruptcy request was dismissed because the individual fails to comply with the orders of the court, failure to appear in court, or was willingly dismissed after creditors sought after relief from bankruptcy courts to recover holding liens property. No individual can be a bankruptcy chapter code unless that individual has received credit counseling from a permitted credit counseling agency in the form of an individual or group briefing. This portion includes individual cases where the U.S. trustee or bankruptcy administrator has decided that no approved agencies are present to provide the mandatory counseling or emergency situations. Debt management arrangements constructed during mandatory credit counseling must be filed with the court.

Chapter 13 Background Chapter 13 Background
A Chapter 13 bankruptcy enables individuals to develop a plan to repay all or part of their debts
Advantages of Chapter 13 Advantages of a Chapter 13 Bankruptcy
A Chapter 13 bankruptcy can help you save your homes. Stop foreclosure proceedings and keep your home.
How Chapter 13 Works How a Chapter 13 Bankruptcy Works
We start with making a list of all your assets and liabilities. Your income and expenses
The Plan & Confirmation Hearing The Plan & Confirmation Hearing
A plan is submitted for court approval and provides for payments of fixed amounts on a regular basis
Making the Plan Work Making the Plan Work
Simply make regular payments, adjust your lifestyle to live with a lowered income.
Chapter 13 Discharge Chapter 13 Discharge
When you complet of all payments of plan and completed an approved course in financial management...
Chapter 13 Hardship Discharge Chapter 13 Hardship Discharge
If circumstances arise that prevent you from completing the plan. You may ask the court to grant a "hardship discharge."


© 2014 Law Office of Mark McClure ★ info@chapter13seattle.comChapter 13 Seattle
1200 Westlake Ave N #1006, Seattle, WA 98109 ★ Phone: (206) 789-8751