When the bills have become too much to handle, it is easy to feel trapped while trying to figure out how to stop continuous calls from creditors demanding payment for their money. It can be a much easier road to travel with the help of a Bankruptcy Lawyer In Tacoma Wa. A bankruptcy attorney understands the rights of the debtor and the laws which prohibit creditors from harassing the debtor when legal assistance has been secured for protection.
There are often alternatives to bankruptcy which should be explored, and when a debtor consults an attorney, the picture can become much clearer on how to handle the debt. An experienced bankruptcy lawyer will know exactly what the debtor needs to do in order to relieve the pressure. First and foremost, retaining a lawyer will stop the creditors from calling. Secondly, the debtor and the lawyer can work together to determine the best path to take to get out of debt.
There are two types of individual bankruptcy options. A Chapter 13 bankruptcy involves the court and basically sets up easy-to-manage payment plans from the debtor to the creditor for a specified amount of time. A Chapter 13 is a basic restructuring of debt and creating a plan that the debtor can afford and make the creditors happy to be getting some payments for what is owed. A Chapter 7 bankruptcy is when the debtor gets to start over with a clean slate. All credit card, unsecured debt and medical bills can be wiped away in as little as a few months. There are protections in place for certain assets of a filer of Chapter 7 as well. It can only be filed once every seven years.
People who find themselves in so much debt due to circumstances beyond their control or within their ability to pay should definitely examine the idea of filing bankruptcy. They should contact a Bankruptcy Lawyer In Tacoma Wa. and weigh the details of their situation to determine if a Chapter 13 or a Chapter 7 would be the best choice. A huge wave of relief seems to encompass a debtor when action has been taken to contact a reputable lawyer for help.
Bankruptcy is a serious decision with implications that remain on a person’s credit record for seven years. Seek out legal counsel when you aren’t sure what to do. Most initial meetings are free and well worth the time.
