When people get to the point where they may have to hire a Bankruptcy Attorney In Puyallup Wa, they need to know what they are getting into. There are two major types of bankruptcies, which are Chapter 7 and Chapter 13. Chapter 7 may be the most popular option because it is quick and can help to wipe out unsecured debt such as credit card and medical debts. There is a caveat with this, though: Chapter 7 bankruptcy can only be used once every seven years. Chapter 13 generally takes longer and is for people who are behind on secured debt payments such as mortgages.
Put an End to The Collection Phone Calls
When people can’t keep up with their bills, they want to find a debt relief agency that will provide clients with expert legal advice. An experienced Bankruptcy Attorney In Puyallup Wa should guide them through the debt relief process and help them to get back onto the path of financial recovery. Clients want to hire a cheap bankruptcy attorney they can rely on to stop the foreclosures, collection calls, and other negative ramifications stemming from their financial woes.
Reorganize Finances and Debt
By hiring an experienced attorney, clients can get a handle on creditor harassment, lawsuits, and wage garnishments. If clients are having problems with foreclosures, evictions, or repossessions, they will learn that it is invaluable to have an aggressive bankruptcy attorney on their side. By using a professional, clients can rest assured that any court filings will be handled properly.
Have an Experienced Attorney Navigate the Path
When one realizes that bankruptcy is the only option, they are many facets of the process they’ll need help with. They will need to be educated on mandatory pre-filing credit counseling as well as mandatory debt management education. Clients will need to be educated on what is called the “means test.” This is a mathematical formula that establishes an initial determination of the form of bankruptcy the client will qualify for, which will be either Chapter 7 or Chapter 13. This will take into account a client’s monthly income, the sum and types of their debts, and any other pertinent aspects of their fiscal situation.
