Filing for bankruptcy can be an intimidating process. When someone owes more debt than they can handle, they have the right to seek legal help. When someone is filing for bankruptcy, it is imperative they meet with the Bankruptcy Lawyer In Tacoma Wa so they can go over their needs and learn about the process of filing for bankruptcy.
How to Get Started
To get started on the process, a consultation meeting will need to be scheduled with the Bankruptcy Lawyer In Tacoma Wa. To this meeting, a person will need to bring all of their financial records, tax statements from two years, and information on any assets they own.
The lawyer will help the client understand which bankruptcy options will be most beneficial. There are two main options for individuals to file, depending on the types of debt they owe and their income each month.
Chapter 13 is a type of bankruptcy that is primarily available to help homeowners who are in danger of losing their home to foreclosure. This type of bankruptcy can help to prevent the loss of a home and can give a person three to five years to pay off the debts they owe.
There is also another type of bankruptcy available to help individuals. Chapter 7 is a type of bankruptcy that is sometimes referred to as the liquidation bankruptcy. Those who file for this type can have their bankruptcy settled in as few as six months. Those who own non-exempt property will have their assets liquidated so their debts can be paid off.
Schedule an Appointment
Those who are having a difficult time making ends meet are urged to learn about their bankruptcy options by meeting with the lawyer. A lawyer helps individuals overcome the debts they owe so they can be free of their income-related stress.
If you would like to schedule an appointment, call the office right away so they can help you. Call the office with any questions you might have so you can get the answers you need. With legal help, the process of filing for bankruptcy is much easier.
