When someone is burdened with debts they cannot afford to pay, it can be extremely stressful. Bill collectors can be quite harassing and will often call a person on their job or harass them through letters in the mail. When these issues are occurring, it is wise for the individual to seek legal help from the Bankruptcy Lawyer In Olympia WA. Getting help from a lawyer can make the process of overcoming debts much easier to handle.
How to Get Started
To get started on the process, the individual needs to first schedule a consultation appointment. This appointment allows the individual to bring in information on all of the debts they owe and their income and assets. The more information the individual can provide, the better equipped the Bankruptcy Lawyer In Olympia WA will be.
At the consultation meeting, the lawyer will inform the individual of their rights as a debtor and their legal options. Being informed of all of the options is crucial for being able to make sound decisions that will help a person progress towards financial freedom.
Hiring the Lawyer Is Important
Although an individual would be able to pursue bankruptcy without legal help, this is certainly not the best choice. Individuals who try to go through the process alone sometimes find themselves feeling overwhelmed because they do not know how to properly fill out the paperwork.
There are a couple of different options available for individuals who want to file bankruptcy. Chapter 13 is called the “earner’s bankruptcy” because a steady income is required. With this bankruptcy, individuals pay monthly payments to the court so their debt can slowly be paid off.
There is also the option of using Chapter 7. This bankruptcy is fairly easy to go through and most are settled in six months are less. In some cases, individuals may be required to submit some of the assets for liquidation.
No matter which bankruptcy you choose, hiring the right lawyer is essential. Contact the office today and they will be happy to schedule your appointment so you can get started on the process right away.
