Saturday, September 27, 2014

By Cody Rine


In today's economic uncertainty, financial security is no longer something that is guaranteed. Even after years of working hard and saving money, people still find themselves with unmanageable debt, and need to file bankruptcy. A Bankruptcy Attorney Tacoma Law Firm has helped many clients do just that, discharging millions of dollars of debt.

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.

A Chapter 13 often proves to be a better option for many, particularly when they can't get a Chapter 7. With this option, debts are repaid as part of a court-approved payment plan that can last up to 3 to 5 years. Debts such as mortgage payments, car loans and taxes are consolidated and settled by the end of the term. This option stops creditors from calling.

If you find yourself unable to keep up with your mortgage repayments, medical bills, student loan, or credit card payments, don't give up; there is an answer. There's no need to feel ashamed about your situation, as many others are going through the exact same thing.

The attorney will assess the financial situation of their client and explain to them the action they should take to relieve their burden. They do not need to pay the full attorney fees in advance before their case is filed, and are offered a payment plan that is most suitable for them.

A bankruptcy attorney in Tacoma can guide you through the process, and everything you need to know will be explained to you. The debt relief agency helps people like you find relief from the stress of unmanageable debt, and finally attain the financial success they deserve.




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