The Five Reasons That You Need a Bankruptcy Lawyer in Tacoma WA

If you do not think that it is possible for you to get out of debt on your own, then bankruptcy may be your best option. However, bankruptcy is not something that you want to go through on your own. You need to hire a bankruptcy lawyer in Tacoma, WA. There are several reasons you should hire an attorney.

Assess Your Financial Situation

Your attorney will be able to do a thorough assessment of your finances. This will help you decide whether bankruptcy really is the best option. In many cases, people can avoid bankruptcy by managing their finances better.

Decide Between Chapter 7 And Chapter 13 Bankruptcy

You have the option of filing for chapter 7 or chapter 13 bankruptcy. Chapter 7 bankruptcy allows you to get rid of all of your debt with the exception of taxes, child support, alimony and federal student loans. If you do not have any major assets, then you may be advised to file for chapter 7 bankruptcy.

Chapter 13 bankruptcy allows you to pay off your debts over time. You will make small payments each month until you pay off all of your debts. If you have valuable assets to lose, then you may be advised to file for chapter 13 bankruptcy.

Protection From Creditors

Creditor harassment is one of many problems associated with being in a lot of debt. If you hire a bankruptcy lawyer in Tacoma, WA, then you won’t have to worry about creditors harassing you. The creditors will have to direct all communication to your attorney.