Bankruptcy Can Offer A Much-Needed Fresh Start

Financial catastrophe can happen to anyone. A sudden job loss or an unexpected medical bill can send even the most responsible individual into anxiety-inducing monetary uncertainty. If your debt continues to accumulate with no end in sight, it can be easy to feel hopeless and unsure of how to extricate yourself from the situation.

Our firm can help you achieve a financial fresh start. At James A. Jones, Attorney at Law, our bankruptcy lawyer works with Tacoma clients of all backgrounds as they seek the debt relief they need to move forward with their lives.

We Can Help You Start Restoring Your Financial Health

To find out if bankruptcy is the right debt relief solution for you, schedule a consultation with our lawyer today. You can arrange for a free evaluation by calling us at (253) 383-7058, or click this button.

Understanding The Different Types Of Bankruptcy

Declaring bankruptcy is not a uniform maneuver for everyone. Once you have made the decision that bankruptcy is right for you, an attorney can help guide you toward either Chapter 7 or Chapter 13 as a means of debt relief. The unique characteristics of each chapter include:

  • Chapter 7 bankruptcy: Individuals with incomes below the state of Washington’s median are eligible for Chapter 7, as are those who pass a means test. This type of bankruptcy will free you from most forms of unsecured debt and usually takes about four months to complete.
  • Chapter 13 bankruptcy: This type of bankruptcy does not have an income requirement, though there are limits for secured and unsecured debt. Under Chapter 13, you will pay back your creditors in installments, but you can keep your property. These payment plans can last up to five years.

Filing for bankruptcy may seem unpleasant, but it can also be the right path for you to get back on track financially. We understand that even considering such an action means that you are in stressful circumstances, and our attorney takes a caring approach to help you as you aim to reestablish yourself.