Seattle Bankruptcy Lawyer

Filing bankruptcy in Seattle can be a major undertaking.  At Carrington Law, P.C., many clients come to us facing mounting debts and unpaid bills.  We represent individuals throughout Washington State with bankruptcy, foreclosure defense, and mortgage modification matters.  Our goal is to help you keep your home whenever possible, and help you get on the path to repairing your credit.

Seattle bankruptcy law

In general, bankruptcy should be seen as a last resort.  Bankruptcy has a long-term impact on your credit report and can impede your ability to obtain credit and loans for up to ten years.  However, for many individuals, bankruptcy is the best option.  Two types of bankruptcy are generally available to individuals:

Chapter 7

Chapter 7 bankruptcies are the most common among individual debtors and are appropriate for those facing extreme debts, especially unsecured debt such as credit cards and medical bills.  Under Chapter 7 bankruptcy law, a person must sell his or her nonexempt assets and use the proceeds to repay the debts.

Chapter 13

Seattle Chapter 13 bankruptcies can prevent foreclosure and are more appropriate for those who have a steady income but still need assistance repaying their debts.  Under Chapter 13 bankruptcies, the debtor adopts a plan to repay each loan over a three to five year period, and creditors must accept repayment under the plan.

Federal law governs bankruptcy laws. In Seattle, it is imperative that you seek counsel from someone who will know the law today, tomorrow, and far into the future.  At Carrington Law, P.C., we keep up to date on the latest changes in the law in order to work a case in your favor.

Other Seattle bankruptcy advice services

In addition to providing advice on how to file for the bankruptcies above, we also assist small businesses with Chapter 11 business reorganization bankruptcies.

Foreclosure and mortgage modification

If you have received a foreclosure notice, it is critical that you consult with an experienced attorney as soon as possible.  We can assist you in fighting the foreclosure laws or negotiating with the lender to modify the loan.  For example, a lender might be willing to accept a lower payment over a longer period of time, or allow you to stop paying for a while and then make a lump sum payment on a specific date.

In some cases, it may be possible to avoid foreclosure by negotiating with the creditor and adjusting the terms of the mortgage of the loan.  A mortgage modification can be a temporary or permanent change to the loan.

Seek experienced bankruptcy lawyers in Seattle

You want only the best bankruptcy lawyer in Seattle, and that is exactly what you will find at Carrington Law, P.C.  No one knows Seattle bankruptcy law like a firm that has been practicing it for a combination of over 40 years.  If you are facing financial difficulties, our experienced Seattle bankruptcy lawyer can examine your case and develop the best plan for you and your financial situation.  Bankruptcy can be difficult, but a lawyer at our firm can help put those difficulties behind you and provide a fresh start.  To schedule a consultation to discuss how bankruptcy law affects you, contact Carrington Law, P.C. today.