Dealing with too much debt can be overwhelming. When someone can no longer pay the debts they owe, it is crucial they know about their legal rights for filing for bankruptcy. To start the process, individuals need to first schedule a consultation appointment with a Cheap Bankruptcy Lawyer In Olympia WA. The lawyer prepares all the paperwork and starts the process of helping their client go through mean’s testing. The goal of this process is to get their client approved for bankruptcy as soon as possible so the stress and pressure can be relieved.
What to Expect From the Consultation Appointment
It is important individuals fully understand what they can expect from the consultation appointment with the Cheap Bankruptcy Lawyer In Olympia WA. Being aware of what to expect will help individuals to be prepared for the process so they are not so nervous.
At the consultation, the individual needs to bring in their financial records. These will be used by the lawyer and courts to determine if the individual will be approved for Chapter 7 bankruptcy.
What Is Chapter 7 Bankruptcy?
Chapter 7 is a type of bankruptcy that is offered to both individuals and couples. If approved, the individual will need to submit some of their assets for liquidation. The liquidation process only involves assets that are non-essential. Individuals will be able to keep their residential homes, car, clothing, and most types of furniture. If assets are liquidated, they will be used to pay off the debts that are owed.
Once the lawyer is hired, they will take over all the steps involved in the process of filing. In most cases, Chapter 7 is able to be resolved within six months, but the time period will depend on the debts that are owed and the type.
Those who are facing overwhelming debt need to be aware of their options for getting legal help. Getting help from a lawyer will ensure the individual’s rights are protected and will help them properly file their paperwork. If you are ready to get started, call the office right away and schedule an appointment.
