Being in extreme debt can be overwhelming, sometimes to the point of the individual falling into deep depression, and without hope. However, there are debt relief options available for those who find themselves in such a bad way, namely, the filing of Chapter 7 or Chapter 13 bankruptcy. An attorney who helps clients with Chapter 7 in Tacoma Wa understands the stress that clients are under, and does everything to help relieve the stress. Here are some facts that clients need to understand about Chapter 7 bankruptcy in Washington.
Understanding Chapter 7 Bankruptcy
Chapter 7 bankruptcy is a popular debt relief option because it allows the client to wipe away all unsecured debts and give the client a chance to start fresh financially. Whatever debts are secured can be put under a reaffirmation agreement, which will give the debtor a chance to pay the secured debt in a manner that does not put too much financial stress on the debtor. After the filing of a Chapter 7, all collection efforts from creditors will cease, as well as the danger of wage garnishment.
More about Chapter 7 Bankruptcy
When a person is going through a Chapter 7 bankruptcy, the entire process takes no more than six months usually, and whatever wages or property are earned or acquired afterward belongs to that person. There is no minimum debt that the debtor has to have before filing bankruptcy; however, there can be the case where the debtor makes too much money and is forced to file Chapter 13. When the debtor is ready to file the bankruptcy, it is much better if an attorney experienced in bankruptcy law is used.
Who to Call for Bankruptcy Aid in Tacoma, Washington
There are several attorneys in the Tacoma, Washington area who will help clients with bankruptcy issues, including the filing of the bankruptcy. Rafal Gorski, Attorney at Law is an attorney in Tacoma, Washington who provides aid to clients in search of filing a Chapter 7 or Chapter 13 bankruptcy.
