Although bankruptcy is available to nearly everyone, most people don’t think about it until they are in serious financial trouble. Getting notification of a wage garnishment, foreclosure or pending repossession is enough to push anyone to search for options. Prior to this point, there are several ways to get out of this kind of trouble. Credit counseling, loan modification and even working out a private deal with a creditor can prevent the loss of cash or property. However, once the creditor has filed a lawsuit, they are no longer interested in accepting any more risk.
A Bankruptcy Lawyer In Tacoma Wa can determine whether a client is eligible for Chapter 7 bankruptcy or if Chapter 13 might be a better option in their unique situation. When meeting with a lawyer for the first time, it’s important to bring copies of paycheck stubs, tax returns and every bill with an outstanding balance. This will help the lawyer advise their client about the ideal option for solving their money problems. If money is owed jointly, it might benefit a married couple to file a joint bankruptcy.
People tend to wait until the last minute to file for bankruptcy protection because they assume they will be judged by their family and friends. However, if they are behind on their bills and facing repossession or even foreclosure, their family and friends are going to find out anyway. Bankruptcy is actually quite common and chances are, everyone knows someone who has used a Bankruptcy Lawyer In Tacoma Wa to solve their debt problems.
It is possible to file the necessary documents without an attorney. However, by hiring a lawyer, an individual or couple who is dealing with serious debt issues have access to the lawyers skills and experience. They can get answers to their questions and feel confident they are making the right decision for their future. Experienced bankruptcy lawyers may have been a part of a wide range of cases and be able to guide a client through the process. Instead of risking making mistakes that could result in the case being dismissed, those who hire a lawyer can be sure their case will proceed through the court.
