People who could benefit from bankruptcy protection often face a dilemma. They have more debt than they can pay, are facing foreclosure or wage garnishment, or have had their car repossessed and can’t get to work. At the same time, they don’t have the money to hire a lawyer to help them file for relief from their debt. Once a debt problem gets so bad the family is losing things they’ve worked for, things typically get worse before they get better.
Instead of sitting back and waiting for the bank to take the house and car, the courts to allow creditors to attach garnishments to their wages, and to have trouble simply putting food on the table, an individual or family in serious debt could look for a Bankruptcy Attorney In Tacoma Wa that charges reasonable fees. Although some fees, such as the filing fee for the bankruptcy case to get on the docket, are mandatory, some lawyers offer flexible payment arrangements to help people who have already been sued be able to afford protection from their creditors.
Bankruptcy is a process, and the first step is determining while chapter to use. For many people, Chapter 7 bankruptcy makes sense. For others, Chapter 13 is a better option. A Bankruptcy Attorney In Tacoma Wa could help a person figure out which option will benefit them the most and help them file the necessary documents to get their case heard in court. As soon as the bankruptcy case is on the court docket, the protections begin for the filer. Creditors are notified of the filing and must stop collection actions.
If the family’s home is in foreclosure, it will not be sold until the court allows it. People who have recently had their car repossessed may be able to get it back. Wage garnishments are stopped, and anyone who is losing part of their paycheck to a creditor will get all of their money on the next payday. Depending on the chapter of bankruptcy a person chooses, these protections may be long term or temporary. For example, if a person opts for Chapter 7 bankruptcy, they may not be able to keep their house or car. On the other hand, people who choose Chapter 13 bankruptcy and can afford to make the payments may be able to keep their property.
