Considering Bankruptcy as a Solution
Chapter 7 bankruptcy will solve the following problems: credit card debt, home foreclosure, garnishment, lawsuits, creditor harassment. Chapter 7 bankruptcy will give you a fresh start. Tom Kruse has practiced bankruptcy for over 27 years, helping people deal with and eliminate all of these problems. He represents people throughout Snohomish County, including Everett, Lynnwood, Bothell, Mill Creek, Mountlake Terrace, Edmonds, Lake Stevens, Marysville, Stanwood, Arlington, Monroe, Snohomish, Sultan, and Island County including Oak Harbor, Langley, Coupeville and Clinton. We can handle most initial bankruptcy work through the mail/email. We can save clients substantial amounts of money with low cost, professional bankruptcies who live from Island County to Lynnwood.
Chapter 7 bankruptcy is the preferable solution. Almost all people who file a Chapter 7 are able to discharge all their debts, keep all of their property, end all collection action and, in many cases, rebuild their credit fairly quickly after getting out of a Chapter 7 bankruptcy. Chapter 13, on the other hand, is a five year pay back plan which will involve the Bankruptcy Court having your employer take a substantial amount of money out of your pay check each month and send it in to the Bankruptcy Court for the next five years. The filing of a Chapter 7 bankruptcy will immediately stop creditor harassment, creditor lawsuits and garnishments, foreclosures and the seizing of your automobiles and other property.
It is not necessarily true that if your median income is higher than the median income for a family of your size that you will not qualify for Chapter 7 discharge bankruptcy. As long as you have not filed a Chapter 7 bankruptcy within the last eight years, you may qualify for a Chapter 7 bankruptcy even though your income is higher than the median income. You should have an experienced attorney because you will need to show that your reasonable monthly living expenses exceed your net take home pay.
If you are only making minimum monthly payments on your debts, it could take over 30 years to pay your credit debt back. In the end you will pay more than three times the current balance of the debt.
Understanding Attorney Fees: At the current time Mr. Kruse's charges $975 as a flat rate price for most simple uncomplicated bankruptcies which are about 95% of what we do. In addition to that there will be the $300 filing fee that we pay to the bankruptcy court when your case is filed. Some bankruptcies are more complicated and will cost a little extra. We can get started on a chapter 7 bankruptcy for as little as $200 down and payments on the balance. I will meet any experienced bankruptcy attorney's fee as long as they are an attorney that has an office and secretary and at least 3 or 4 years experience.
Contact us: Our office is located at 3014 Hoyt Avenue in the Hoyt Avenue Legal Building in downtown Everett. We are open Monday through Thursday from 8:00 to 5:00 and on Fridays from 8:00 to 12:00. Please call at 425-258-6155 to ask questions or make an appointment. Contact us today for an initial free phone consultation. I am willing to meet with any perspective client for a free in-office consultation also.
