Seattle Bankruptcy Lawyer David M. Lux

Flexible Payment Plans
Low Flat Fees

Serving all of King County

Hire an Experienced Seattle Bankruptcy Attorney

Learn more about our bankruptcy services by clicking on the link immediately below.

Washington State Bankruptcy Services

Your Seattle lawyer for personal bankruptcy

Despite what the credit card companies and their nasty bill collectors want you to believe, filing for bankruptcy is not a failure.  On the contrary, it is your legal right.  No one sets out in life to get behind the financial eight ball and put themselves in a position where they are unable to meet their monthly obligations.

Filing for bankruptcy does not make you a bad person.  In fact, we have found just the opposite to be true.  The vast majority of our clients are good people who, for a variety of reasons, fell on tough times.  It can happen to anyone.  Often, their current financial crisis is not even their fault. 

Loss of job, divorce, astronomical credit card fees and interest rates, a disability or medical emergency, as well as a host of other unexpected and difficult circumstances can wreck havoc on a household's finances.  Often, a number of factors conspire together causing a downward spiral that is almost impossible to pull out of once it starts.

Our offices successfully prepare and file hundreds of personal bankruptcy petitions throughout Western Washington every year.  Although the recent revisions to the bankruptcy code have made the process more complicated, the vast majority of our clients still qualify under the new bankruptcy laws.

Our Seattle attorneys have the resources and the experience to assist you with your Washington State personal bankruptcy.  Whether you are contemplating a Chapter 7 or a Chapter 13, we are here to answer your questions and to help.

           

Low Flat Fees - Flexible Payment Plans

• Wipe out your qualifying debts
• Keep your personal property and other assets

If you are like most of our bankruptcy clients, you probably have a number of questions regarding your legal rights and options.  We're here to help you answer these questions.

• Can I qualify to file for bankruptcy? 
  
• How will filing for bankruptcy affect my credit and my ability to buy a house in the future?
  
• Will I be able to keep my home and my car?
• What happens to my other property and assets when I file for bankruptcy?
• What about my medical bills?  Can they be discharged in bankruptcy?
  

Your credit, your car, and your property.

In our experience, the vast majority of people in financial distress still qualify for bankruptcy, even after the recent revisions to the bankruptcy code in 2005.  In many cases, filing for bankruptcy will actually improve your credit score because a significant part of your score is based on your debt-to-income ratio. 

You will also have additional monthly cash flow to meet future financial obligations.  This will keep you from having late payments in the future.  Most of our clients report an improvement in their credit score six months after filing.  And, if you are financially responsible in the future, your creditor score can improve dramatically in the years following your filing. 

As for your property and assets, most of our clients keep 100% of their personal assets when they file.  This includes their car, their jewelry, their household items, and almost all other personal property.  The bankruptcy laws specifically allow for people to keep their personal property so long as their value falls within certain limits.  These are called bankruptcy exemptions and our clients' personal property rarely falls outside of them.

Will I be able to keep my house if I file for bankruptcy?

If you have no more than $125,000 equity in equity in your house, and you can continue to make your regular monthly payments, you should be able to keep your house after filing for bankruptcy.  Thankfully, Washington State has a pretty generous exemption for a filers personal residence.  This protection often allows our qualifying clients to keep their home.

If you are facing a foreclosure, however, it is important that you act quickly.  We may even be able to assist you in discharging your second mortgage.  If your second and any succeeding mortgages no longer have any secured value based upon the current fair market value of your home, you we may be able to discharge your second and any additional successive mortgages through a Chapter 13 bankruptcy.

If you qualify under these circumstances, one of our experienced Seattle bankruptcy attorneys will assist you through this complex process.  If you qualify, we will be able wipe out one or more mortgages on your house.  Your first mortgage cannot be discharged.

Otherwise, in order to save your house, must be able to make your regular mortgage payment to keep your house.  Except as detailed above, the current bankruptcy laws do not allow you to lower your mortgage payment by filing for bankruptcy.  With your non-secured debts wiped out, however, you may have the additional cash-flow necessary to try and keep your home.

What about my medical bills?  Can they be discharged?

The simple answer to this question is almost always yes.  Medical bills are simply another form of unsecured debt, and they are nearly always completely discharged by successfully filing for bankruptcy.

According to recent studies, medical bills are a contributing factor to over well over half of all personal bankruptcy filings.  Additionally, about 75% of bankruptcy filers who included medical bills in their bankruptcy had some form of medical insurance.  The simple truth is that the high cost of medical care has gotten completely out of control. 

Even with insurance, many families are just one medical emergency away from a financial crisis.  If you have a large amount of medical bills you cannot afford to pay, contact an experienced bankruptcy attorney to discuss the benefits of filing for bankruptcy to relieve yourself of your medical debt.

Stop all harassing phone calls today!

One of the other important and valuable services that our Seattle bankruptcy lawyers can offer is getting creditor those nasty creditor to stop making harassing phone calls at hours of the day and night.  Once you hire Seattle lawyer David M. Lux, he will ensure that creditors stop harassing you.  If they persist, he can even take legal action against them if they continue to harass you and violate the law.

Every case is unique.  In order for us to really be of assistance, we invite you to call our offices for a free consultation.  During this initial consultation, we can learn more about your specific circumstances and then explain your legal rights and options.  You can then an informed decision about how best to proceed.

To learn more about our specific Bankruptcy services and how we can assist you, please visit our Seattle bankruptcy attorney website, which can be accessed through the link below.

Washington State Bankruptcy Laws

Hire an Experienced Seattle Bankruptcy Attorney

(206) 624-9605
(425) 455-4646
(253) 852-8989