In Washington, consumers can seek assistance through bankruptcy cases. These opportunities help them gain better control over their debts and provide protection. They also present a more affordable opportunity for consumers based on their choices. The following is information about how a bankruptcy Lawyer In Puyallup Wa can help consumers.
Stop the Foreclosure of the Home
Once the bankruptcy claim starts, the consumer gains an automatic stay. The stay can stop a foreclosure immediately. However, the home must be included in the bankruptcy claim. The automatic stay for chapter 13 is up to five years. The automatic stay for chapter 7 is up to six months. As long as the consumer doesn’t miss any payments or completes their bankruptcy properly, they can the full use of this automatic stay.
Reorganize the Consumer’s Debts
Chapter 13 provides a reorganization of the consumer’s debts. These plans include all debts which are divided among the duration of the claim. The consumer submits payments each month to pay off these debts. They must use all disposable income to pay any debts that weren’t included in the bankruptcy claim. The judge determines what debts are included in the claim.
Help Discharge Certain Debts
During a bankruptcy, some debts are discharged. This means that the judge will eliminate the debts completely. The consumer will never be responsible for these debts again. Their creditor cannot file any claims against them for any debts that the judge eliminated. In most cases, these debts are unsecured credit cards.
Stop Harassing Collection Calls
As soon as the bankruptcy claim has been filed and approved, collection agencies are prohibited from calling consumers. This law is in place to prevent these collection agencies from harassing consumers. If any collection agencies contact the consumer, the consumer has the right to take action against them.
In Washington, consumers gain assistance through their preferred bankruptcy chapter. These chapters help them to manage debts that are overwhelming and exceed their ability to pay. The consumer can start a bankruptcy claim after they qualify. Consumers who need to start the process now can contact a bankruptcy Lawyer In Puyallup Wa for more information.
