In a world filled with economic instability, financial security is becoming less of a sure thing these days. Even if you\'re a hard worker who knows how to save money, you could still find yourself unable to pay off debt. Your best option may be to file bankruptcy, with the help of a Bankruptcy Attorney Tacoma, who has already discharged debt for clients in the millions of dollars.
By visiting a Tacoma law firm, clients can get a better understanding of the two options available to them; a Chapter 7 and a Chapter 13. A Chapter 7 evaluates their assets and income through a Means Test. If successful, they can have debts like overdue credit card payments, personal loans, and unpaid utility and medical bills discharged.
If you aren\'t eligible for a Chapter 7, a Chapter 13 may be better for you. It allows you to make repayments over the course of 3 to 5 years, according to a plan that is set by the court. Your creditors can\'t call you during this time. Once it\'s over, all debts such as car loans, mortgage repayments and taxes are settled.
When you can\'t keep up with the mortgage, your medical expenses, credit card payments, or student loan, it can feel like there is no answer. So rather than feel ashamed, know that there are many others who are in precisely the same situation as you, and can be helped.
A bankruptcy attorney can assess your financial situation and give you the best advice on what you can do next. They will help you decide the most appropriate course of action for you, and then arrange the best payment plan for you to be able to pay the attorney fees. There\'s no need to pay the full fees up front, as your case can be filed first.
A Tacoma attorney will guide clients through every step and fully explain their options. A debt relief agency can help anyone who is struggling to pay off debt, enabling them to find relief from stress so they can finally begin to work towards achieving financial freedom.
