Bankruptcy Lawyer Vancouver WA

1. Bankruptcy Lawyer Vancouver WA Most people considering filing for bankruptcy will ask: What is bankruptcy? What is the difference between Chapter 7 bankruptcy and Chapter 13 bankruptcy? Which option is best for me? What is bankruptcy? Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. Chapter 7 bankruptcy is a popular choice since it is a shorter process designed to help people who are unable to pay their existing debts. The purpose of filing a Chapter 7 bankruptcy case is to get out of debt by getting rid of all dischargeable debts. Chapter 7 Bankruptcy Chapter 13 Bankruptcy is a debt repayment plan. In this type of bankruptcy, a “Chapter 13 Plan” is filed with the Court. Under the Chapter 13 Plan you will pay back some part of what you owe over the course of a three to five year period. Chapter 13 Bankruptcy Your Vancouver WA bankruptcy attorney will be able to advise you as to which bankruptcy chapter best suits your needs Contact Us 1312 Main St, Vancouver, WA 98660, USA (360)558-3447 thomas@nwdrlf.com nwdrlf.com