Explore Your Debt Relief Options
Business and Personal Bankruptcy in Washington State
If a series of misfortunes has led you to consider bankruptcy, the law firm of Lana Kurilova Rich can help you determine if you qualify and whether it is the right solution for your situation.
We have helped clients throughout the Seattle and Puget Sound area file for debt relief through Chapter 7, Chapter 11 or Chapter 13 bankruptcy, or get a handle on their debts through alternative methods. Every situation is unique. Call us at 425-214-4351 or toll-free at 866-418-3175 for a free initial phone consultation.
Is Bankruptcy the Answer?
In the present economy, an increasing number of people have reached a point where they cannot pay creditors because of job loss, a business downturn, a medical crisis or other hardship. Bellevue, Washington bankruptcy lawyer Lana Rich helps you understand the options:
- Chapter 7 bankruptcy completely wipes out unsecured debts such as credit card balances, but it will affect your future ability to borrow money and can jeopardize professional licenses. If your income exceeds the state median, you may not qualify, and it does not make financial sense if you have substantial equity in your home.
- Chapter 13 may be the best option if you are behind on your house payments and want to avoid foreclosure. It allows you to repay mortgage arrearage and other debts over time. Will you be able to keep up on a payment plan for 36 to 60 months, or are you postponing the inevitable?
- Chapter 11 allows a business to stay afloat by keeping creditors at bay while you restructure and form a plan. Will the business bounce back, or are you better off liquidating it and walking away now?
- If you have some ability to pay, we can negotiate directly with creditors to reduce debts and avoid the stigma and repercussions of bankruptcy.
Bankruptcy may indeed be your best option. We have the experience to help you make an informed choice. If you do file for bankruptcy, all collection actions are halted and creditors must stop their harassing phone calls immediately. It can lift a tremendous burden and allow you to start fresh, and you can rebuild your credit after bankruptcy, but you need to know all the facts.
Contact us today to make an appointment to discuss your situation. We do not charge attorney fees for an initial conversation to determine whether you should proceed.
We are a debt relief agency. We help people file for relief under the Bankruptcy Code.
