How do I know if I qualify for a repayment plan?
To determine if you qualify for a repayment plan in Washington State, you need to consider several factors. First, you must be up-to-date on your tax obligations. This means that your taxes must not be delinquent, and you must have filed any delinquent returns. Additionally, you must have sufficient income to repay your debts within a reasonable time frame, meaning that you are capable of meeting the monthly payments required. Second, you must be able to demonstrate that your debts were not incurred for luxury items or services, such as vacations or expensive medical care. If a significant portion of your debt was incurred for these items, then you may not be eligible for a repayment plan. Third, you should make sure that your debts are unsecured. Secured debts, such as those held by a mortgage lender or auto lender, may not be eligible for a repayment plan. Finally, you should also make sure that you have consulted with a bankruptcy attorney in Washington State to discuss your situation in detail. Your attorney can advise you on whether or not you qualify for a repayment plan and what steps you need to take to take advantage of it.
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