How do I know if I qualify for a Chapter 13 bankruptcy?

In order to qualify for a Chapter 13 bankruptcy in Washington, you must fulfill certain criteria. First, you must have a regular income or some other form of consistent income. This can include a part-time job, Social Security, or disability payments. Second, you must have enough money coming in to afford to make the payments that you would have to make under the Chapter 13 plan. Third, you must have a certain amount of debt that falls within the limits set by the state and federal governments. Finally, you must be able to show that you have tried to pay your debts in the past, but have been unable to do so. Once you have met all of these criteria, you will need to file a petition with the court in Washington to start the Chapter 13 bankruptcy process. You will also need to file a repayment plan with the court that outlines how you plan to use the money from your regular income to pay your debt. This repayment plan will be reviewed by the court and may be modified or adjusted by the judge depending on your financial situation. Once the plan is approved by the court, you will be required to make the payments outlined in the plan for the next three to five years. After this period, the remaining balances on your debts will be discharged, meaning that you no longer owe them.

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How do I know if I qualify for a Chapter 13 bankruptcy?

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