Is Filing for Bankruptcy in Your Best Interest?

Due the recent financial downturn, many job, investment and housing markets in Washington and across the country have taken a huge hit. This has caused many hardworking and responsible people to fall deep into debt.

At the Sheppard Law Office, PC, we will provide you with a detailed assessment of your financial situation and help you determine whether filing for bankruptcy is in your best interest. Our firm is dedicated to helping clients in the Spokane area obtain meaningful debt relief and stop creditor harassment. If you are experiencing any of the warning signs of bankruptcy, call 509-368-7620 or 866-440-6653 or Contact us by email to receive a free initial consultation with a knowledgeable lawyer.

Understanding Your Debt Relief Options

We can help you take a step back from your immediate situation and develop a plan that meets both your short-term and long-term financial needs. Some options we will discuss with you include:

• Chapter 7 bankruptcy: Chapter 7 bankruptcy, or "liquidation", allows you to discharge most or all of your debt.* We will help navigate all legal procedures and help you take advantage of state or federal exemptions that may allow you to retain your property.
• Chapter 13 bankruptcy: In Chapter 13 bankruptcy proceedings, your debts are reorganized into an affordable monthly payment plan. You are then required to make your monthly payment for a specified three to five year period. After that time has elapsed, your remaining dischargeable* debt will be discharged.
• Negotiating with creditors: It is important to understand that there are bankruptcy alternatives that may allow you to get out of debt in a more conventional manner. For instance, we may be able to negotiate a more affordable payment plan with your creditors. Many creditors are not willing to negotiate a settlement until their debtor has hired an attorney.

Contact us by email to learn more about your debt relief options in a free initial consultation at our office located in Spokane Valley right off of I-90.

*Not all debts are dischargeable. For an in-depth discussion on dischargeability, contact us for a free consultation.

Sheppard Law Office, PC
16114 E Indiana Ave
Spokane Valley, WA 99216
Phone: 509-368-7620
Toll Free: 866-440-6653
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