Chapter 13 can be a powerful tool to reorganize your financial affairs. Not only can it immediately stop a foreclosure, garnishment or lawsuit, but it can also be used to remove second mortgages, get back a driver’s license or pay the principal amount only of tax debt (instead of penalties, too). A Chapter 13 plan usually results in almost no payment to unsecured creditors like credit cards and medical bills, but instead focus on paying on debts you have to pay anyway like the mortgage, car payment or taxes. It is a common misconceptions that Chapter 13 requires full payment of creditors—it almost never does.
The attorney, Travis Gagnier, will sit down with you during the free consultation and go over your available options. In some situations where your income exceeds certain levels and in some other circumstances, we will help you set up a Chapter 13 payment plan that you can afford. Usually the plan lasts five years and will greatly reduce your monthly outgo for debt. The Chapter 13 bankruptcy plan will concentrate your money where it matter most to you—on house payments, car payments and other secured debt, or on taxes you have to pay anyway. Often we can eliminate or reduce interest and penalties on much of the debt, and discharge unsecured debts like credit cards, collections and medical bills, so that your plan payments are affordable.
Your monthly payment plan will be determined after evaluating the following factors:
Nature and amount of your debts
Average monthly expenses
Average monthly income
Now that you have a basic understanding of the processes involved with Chapter 13 bankruptcy, you may be wondering whether this solution is right for your situation. Our Seattle bankruptcy lawyer may recommend filing for Chapter 13 bankruptcy if any of the following circumstances apply to you:
You have achieved 100%% payment of secured debts, but fail to meet payments for unsecured debts.
You require the restructuring of your auto loans as a means of saving a vehicle.
You need to repay the mortgage arrears (or back payments) that have accumulated for your home.
Travis and his entire team have been amazing and very helpful. They made the process very comfortable for me.
- Nathan Berliner. 5/24/2020
When good people go through tough finical times and there is no other option than Bankruptcy, it’s imperative to have the right attorney represent you. Travis Gagnier and his dedicated team of experts at Best BK will guide you through the complex and often intimidating legal system to ensure you get the financial relief you need. Travis is a trusted and well-respected attorney who is lighting fast in getting results with creditors, the courts and the Trustee, which will bring you peace of mind and comfort for you and your family.
For our situation, Chapter 13 was the best course of action to take. Travis was a calming presence during our financial melt-down, which was rather emotional for my wife and I. He helped us get the protection we needed with a clear path to pay our creditors, which eliminated the financial strain on our family.
Do not be embarrassed or ashamed. You have legal rights to protect you and your family, so use them! Don’t go it alone, call Best BK for legal consultation to determine if Bankruptcy is right for you.
- Jon Stomberg. 5/4/2020
They really care about helping you!!
- Jacki Strader. 0/23/2020
- Fart Face. 7/23/2019
Great place, great staff. They stopped a garnish right away for me, got my license back right away. They knew what they were doing and got all my creditors from the credit reports. Very helpful with questions. Attorney Travis was very understanding, good in court and the paralegals were super nice, too. I highly recommend and send my coworker there for help.
- Sherry Brown. 9/30/2018
Does great job on bankruptcy
- Derek Hasson. 0/29/2018
They attorney and his people are very nice and helpful. I would definitely recommend them
- Brandi Bush. 9/4/2017
They've been nothing but helpful in this process. Have answered any question with the level of professionalism you'd expect. Filling for a chapter 13 with them couldn't be going any smoother.
- jay C. 0/14/2017
I have known Travis Gagnier for many years, and his expertise with and compassion towards Chapter 13 debtors is of the highest caliber.
David L. Evans, Attorney at Law
Evans Law PLLC