Matthew Johnson, Seattle Bankruptcy Attorney
DEBT? A Bankruptcy Attorney can help solve the problem
Bankruptcy can be FAST
and EASY with a bankruptcy attorney
Can work for many debtors and can possibly get you a fresh start.
Johnson Legal Group can take you through the process carefully to protect your rights during the bankruptcy process. Whether it’s making sure you discharge every single penny you have, minimizing your Chapter 13 payments to the lowest possible amount, or possibly saving a home from foreclosure, we take the extra steps other law firms don’t.
DON’T WAIT. A consultation costs nothing but your time, and when you leave you’ll be informed and confident that you have a solution available, and a law firm to help you when the time is right.
WHAT’S BETTER, CREDIT CONSOLIDATION OR BANKRUPTCY?
It can depend on your situation. For those with relatively small amounts of debt to credit card companies, credit consolidation is usually the easiest and least expensive way to go.
We help clients file for bankruptcy under the Bankruptcy code, and we will guide you through the process to resolve your debt problems. For those with a substantial amount of debt, bankruptcy is likely the best solution for you. Bankruptcy is often less expensive overall then credit consolidation (at higher debt amounts). Bankruptcy is also usually faster by comparison with a more predictable outcome.
Unfortunately, credit consolidation comes with a few drawbacks. Negotiating or settling takes much longer, the final negotiated amount can’t be predicted, and you still might rack up interest if it turns out you can’t make the negotiated payments.
There are benefits to debt consolidation or independent payment plans. You get to save your bankruptcy for later if you need it. You’ll qualify for larger loans faster if you settle our debts and successfully pay the negotiated amount, and can potentially be less expensive than a bankruptcy if you owe less than $10,000 in unsecured debt. Typically at about $10,000 the cost/benefit ration favors bankruptcy.
Yes, we do both! We match your situation to your solution. No lies, no hard sales tactics.
BANKRUPTCY ISN’T SO BAD
Bankruptcy does have a negative social connotation. Nobody likes to talk about debt or being unable to pay off debt. The“B” word is nothing anybody ever wants to go through. The reality in the United States quite different. People in every walk of life sometimes need to file bankruptcy. People just don’t talk about it. Chances are a few people you know have filed, but just haven’t told you because they are embarrassed.
We see clients from every demographic, from rich to poor. Those who have gone through bankruptcy before understand how safe, predictable, and beneficial a bankruptcy can be. Astute investors can use bankruptcy to get rid of unwanted real estate. Business owners can safely close down their business without personal liability, and in a pinch, bankruptcy completely robs horrible and aggressive creditors of ALL their power.
Out of control debt may be embarrassing but its also extremely common. Everyone goes through hard times, and the government gives you a right to get yourself back on your feet with a fresh start.
Here is a list of a few of the biggest benefits of bankruptcy:
- Creditors must stop contacting you after you file while the automatic stay is in place
- Your debts are handled by law – and creditors must play by the rules set forth in the bankruptcy code.
- You can, in most cases, keep all of your property.
- You can rebuild your credit faster by eliminating debt rather then paying it off over years or decades.
- Fast and very inexpensive compared to the alternatives.
If you’re in debt, the problem probably won’t get better with age. Act fast to get the problem behind you and move on with your life. The stress you’re feeling will evaporate once you leave your consultation with me.