Filing for bankruptcy can be a very intimidating and scary process. You might not know what exactly you are getting involved in, and stigma involved in the process might even make you hesitant to seek help. What you need is an advocate and a professional that can guide you through the process and make sure the process is stress-free and resolved easily.
You need a professional Tacoma bankruptcy lawyer to help you through this process. It is quite understandable that you might be uncertain about hiring a bankruptcy lawyer since you already have a strained financial situation.
A professional bankruptcy lawyer can guide you through the entire process and help you achieve a positive solution.
Nevertheless, in this article, you'll find some vital reasons why you need to hire a Tacoma bankruptcy lawyer to walk you through your case. It is the best action you can take in a situation like this, and it will definitely yield a positive solution.
There are a lot of reasons why you need to consult a bankruptcy lawyer before you begin a bankruptcy process. You need the help of a bankruptcy lawyer to confirm your filing and determine the kind of chapter you should file. A professional bankruptcy lawyer can guide you through the entire process and help you achieve a positive solution. Here are some of the major reasons why you need a bankruptcy lawyer.
Know All of Your Options
A bankruptcy lawyer can help in determining whether or not you should file for bankruptcy. While it might be as if you don’t have any other option when seeking a debt solution, and the only option you have left is filing for bankruptcy, then there is a possibility that you can always find another option that will be a better fit for your situation.
If you are probably not aware of all the options you have, it is very important that you consult a bankruptcy lawyer before you make any decision. Sometimes, the bankruptcy lawyer can show you a better path that helps you to manage your debt more efficiently.
If your debt is no longer manageable and you don’t have any income to clear your debts, a bankruptcy lawyer will advise you and guide you through filing for bankruptcy.
Guidance Choosing the Right Chapter
A bankruptcy lawyer can help you in determining the best type of chapter to file for. Once you and the lawyer have made the decision of filing for bankruptcy, the next step determining the chapter of bankruptcy that will be more beneficial and suitable for your situation.
If you don’t have any income and can’t clear your debt, or if you do not have any viable property such as a car or a house, it is recommended you file for chapter 7 bankruptcy. This chapter of bankruptcy involves absolute liquidation of an asset.
For people with steady income and viable properties, the recommended chapter is Chapter 13 bankruptcy. Depending on your situation, your Tacoma bankruptcy lawyer will inform you of the best chapter you need to file for. They will also guide you through the filing process to help you achieve a positive result.
Schedule a Consultation
If you are struggling with debt and want to learn more about filing for bankruptcy, contact our office online or call (253) 922-2016 today.