Showing You the Positive Sides of Bankruptcy
When you are feeling the weight of heavy debt and the anxiety of a pending foreclosure, please know that Pacific Cascade Legal is here to help you. Bankruptcy might be a way for you to lessen significant debt, stop creditor harassment, and avoid upsetting the Internal Revenue Service (IRS) all at once – when it is filed and handled correctly. Our bankruptcy lawyers of the Pacific Northwest can show you all the positive sides of bankruptcy that the media rarely tell you about.
Benefits of Bankruptcy
Pacific Cascade Legal is devoted to making sure that every bankruptcy client feels comfortable and confident as their cases progress. We make sure to explain the bankruptcy process fully and answer any questions or concerns that you have along the way. In fact, we like to pair our clients with an attorney who will give one-on-one attention to each case, so you know that you are heard and respected. Ultimately, we want you to know that bankruptcy can be a beneficial process, whether you file for Chapter 7 or Chapter 13.
Benefits of bankruptcy include the following and more:
- Immediately stops credit harassment and contact attempts.
- Has the potential to save a home from foreclosure.
- Rearranges certain debts into more affordable repayment plans.
- Discharges certain unsecured debts entirely.
- Allows the protection or recovery of certain assets from repossession.
- Can let you rebuild your credit score relatively quickly if it is damaged.
Throughout your bankruptcy claim, you can trust our team to always be transparent and honest with you. If there are risks to filing for bankruptcy, then you will know them, just as you will be informed about all the benefits you can expect.
What Chapter of Bankruptcy is Right for You?
The bankruptcy code has multiple forms or chapters of bankruptcy. Each chapter is unique, so you can’t use just any and expect the most benefits. Our Pacific Northwest bankruptcy lawyers will take the time to figure out what chapter is right for your unique financial situation.
The three most common bankruptcy chapters are:
- Chapter 7: People with overwhelming debt can use Chapter 7 bankruptcy to try to discharge most or all of their unsecured debts at once.
- Chapter 13: People with heavy debt but reliable income can use Chapter 13 bankruptcy to reduce their debt through a carefully created repayment plan.
- Chapter 11: Business owners can use Chapter 11 bankruptcy to reduce or discharge debt without jeopardizing their business.
Call the Team with Years of Experience
Throughout our years of practice experience, our Pacific Northwest bankruptcy attorneys have proudly helped hundreds of people who were struggling with debt. We would be happy to see if we can help you the same way. The path to bankruptcy might be intimidating at first, but we know how to walk it without stress. Let us lead the way to a better financial future for you.
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