In a world filled with economic instability, financial security is becoming less of a sure thing these days. Even if you\’re a hard worker who knows how to save money, you could still find yourself unable to pay off debt. Your best option may be to file bankruptcy, with the help of a Bankruptcy Attorney Tacoma, who has already discharged debt for clients in the millions of dollars.
A Tacoma attorney can explain to you the two options available to you: Chapter 7 and Chapter 13. A Chapter 7 requires that you pass a Means Test of your income and assets, and can discharge unpaid personal loans, medical and utility bills, and credit cards.
A Chapter 13 often proves to be a better option for many, particularly when they can\’t get a Chapter 7. With this option, debts are repaid as part of a court-approved payment plan that can last up to 3 to 5 years. Debts such as mortgage payments, car loans and taxes are consolidated and settled by the end of the term. This option stops creditors from calling.
When you can\’t keep up with the mortgage, your medical expenses, credit card payments, or student loan, it can feel like there is no answer. So rather than feel ashamed, know that there are many others who are in precisely the same situation as you, and can be helped.
The attorney will assess the financial situation of their client and explain to them the action they should take to relieve their burden. They do not need to pay the full attorney fees in advance before their case is filed, and are offered a payment plan that is most suitable for them.
A Tacoma bankruptcy attorney is happy to answer all questions you have regarding your options as they guide you throughout the entire process. The debt relief agency can help you find solutions to your debt problems and help relieve your stress, so you can begin the process that will start you on your path to financial freedom.
To stop your creditors from calling you consider hiring a bankruptcy attorney Tacoma area. For an initial consultation with the credible lawyer, click here http://www.findbankruptcy.com.