Many people think that only those with little or no income can file for bankruptcy, but this is not the case. People with a high income level are also susceptible to financial stress and need bankruptcy relief. Serious debt problems occur when monthly income is insufficient to cover monthly expenses and debts, so this can happen even to those with high levels of income. Chapter 13 bankruptcy is often a viable option for people with substantial income and debt.
It is important to work with an experienced lawyer to help you through the process. At Kevin R. Vibbert, Attorney at Law, we have been representing Washington clients in Chapter 13 bankruptcy and other debt relief options in Kelso, Longview, Cowlitz County and the surrounding area since 1997. Longview Chapter 13 bankruptcy attorney Kevin Vibbert and our entire team share a strong commitment to providing personalized, individually tailored legal solutions backed by experience and compassion.
Foreclosure ReliefOne of the primary reasons for filing Chapter 13 bankruptcy is to stop foreclosure and other issues. If your first mortgage is worth more than your home, your second and subsequent mortgages are unsecured, so we can have those mortgages stripped and any liens removed through Chapter 13, significantly lowering your house debt. Similarly, if your automobile debt is higher than the value of your car, we can work with your lender to potentially convince them to renegotiate the lowering of your principal down to the true value of the automobile. Chapter 13 bankruptcy can also be used to pay off income taxes to help you avoid the IRS garnishing your wages. If your driver's license was revoked due to nonpayment of debts, we can work to have that reinstated through Chapter 13, as well.
Through Chapter 13 bankruptcy, we can help you stop a foreclosure and make it easier for you to get caught up on past debts by spreading them out over a three- or five-year repayment plan.
Contact Kevin R. Vibbert, Attorney At LawDo not wait. Talk with an experienced lawyer about Chapter 13 bankruptcy right away. Call 360-423-0242 or contact us online to schedule a consultation. We look forward to hearing from you.