At one point or another, just about everyone has money problems. For some, the problem is minor, and they can get out of debt easily. For others, the debt is too much, and bankruptcy may be the only option. If a person is considering filing for bankruptcy, they should hire a Bankruptcy Lawyer in Tacoma WA. There are a few reasons why it is essential to hire a professional.
Chapter 7 or Chapter 13
There are two types of bankruptcy for individuals. Chapter 7 is a liquidation bankruptcy where the individual’s outstanding debt would be dissolved. Chapter 13 requires the individual to repay their debt, but they would be given time to do it. A bankruptcy lawyer would be able to tell the individual which type of bankruptcy they qualify for and which would be best for them.
Bankruptcy Laws Are Complicated
Bankruptcy law is complicated. If a person hires a bankruptcy lawyer, they will have someone working for them who has knowledge regarding bankruptcy laws, the bankruptcy filing process, filing timeframes, and courtroom procedures.
Stop Harassing Phone Calls
When a person is in debt, it is not uncommon for them to be harassed by creditors. Between the daily phone calls and the warning notices, it can make being in debt very stressful. If the individual hires a bankruptcy lawyer, the calls and the letters will stop. When a person hires a bankruptcy lawyer, the attorney will inform the creditors they are representing the individual in a bankruptcy case. At that point, it is against bankruptcy rules for the creditors to continue the harassment.
One Mistake Could Ruin Everything
Filing for bankruptcy is a complicated process. If the person files incorrectly, it can result in the trustee throwing out the case. A bankruptcy lawyer won’t make any mistakes, and the case will continue as planned.
If a person finds themselves in so much debt they cannot get themselves out, they should discuss their situation with a Bankruptcy Lawyer in Tacoma WA. The lawyer will review the person’s case and help them figure out how to proceed. Working with a professional is the best way to get out of debt without encountering more problems along the way.
