If you are seeking business or personal bankruptcy solutions in Western Washington,
then a visit to Bankruptcy Court will be in your future. A qualified bankruptcy attorney will help you understand the procedures and your rights. Getting Informed about the process, and understanding what to expect in Court will help you feel more at ease with the bankruptcy process and help keep the anxiety levels down.
The first thing to keep in mind is that due to the economic environment we have been facing across the globe many small business’s and individuals have been forced to file for bankruptcy protection. You are not alone.
The filing statistics for chapter 7 alone for the Seattle Tacoma area in 2010 so far (thru September 2010) is 15,820. This number is taken from the statistics published on the Western District of Washington U.S. Bankruptcy Court. This number is up almost 20% from the previous year. Chapter 11 business bankruptcy filings are up 58% from 2009. The YTD totals for all bankruptcy filings including, chapter 7 chapter 13 chapter 11 chapter 9 chapter, chapter 12, chapter 15 as of September 2010 in Seattle & Tacoma only is 20,388.
The sharp increase in chapter 11 business bankruptcy filings is perhaps the most noteworthy of statistics. As you can clearly see from the recent filing statistics you are certain not alone when it comes to filing for bankruptcy protection in Washington. Knowing when its the right time to file can be a tough decision to make. Generally it is wise to wait as long as possible because a debtor is only allowed to file every 6 years. Some good indicators it might be the right time are if you are currently having problems paying debts, you are being threatened with wage garnishment, you are facing foreclosure or repossession.
Tacoma Address:
Union Station
1717 Pacific Avenue
Suite 2100
Tacoma, WA 98402-3233
Seattle Address:
United States Courthouse
700 Stewart Street
Room 6301
Seattle, WA 98101