Debt can quickly accumulate and cause a person to feel helpless and like there is no way out from under the stress and anxiety associated with extreme amounts of credit card debt. If an individual does not have the ability to pay extra towards the debt, it can cause the problem to seem worse and make it feel like it will take years to get the relief they deserve. Fortunately, a Bankruptcy Lawyer In Tacoma Wa can help provide a person with comfort and allow them to have their debt forgiven so they can restore normalcy to their life.
An attorney will first examine a person’s debt situation, so it is important that a client bring all of their current financial obligations to them so they can fully determine the extent of the individual’s debt issue and determine if bankruptcy is a viable option. A Bankruptcy Lawyer In Tacoma Wa may also conduct a credit check so that all debts a person may owe can be incorporated during the bankruptcy proceedings.
Once it is determined that bankruptcy is a viable option, the next step is to file the necessary paperwork with the local court system. As soon as the bankruptcy filings are submitted a person no longer has to pay the bills, and any calls from collection agencies will stop immediately. The person will still have to appear in court before a judge to determine if their bankruptcy will be granted, but the person is afforded several protections until that time.
After the paperwork is submitted, the next step is to appear in court and state the case for the bankruptcy. A judge will examine a person’s current financial situation and ensure that they are not hiding any assets that could be used to satisfy the debts. They will also ensure that they are not expected to inherit any money before making a judgment in favor of the person filing for bankruptcy.
While debt can be overwhelming, bankruptcy can provide a person with a clean start. If the amount of debt has grown to an unprecedented level and has caused a person to feel helpless, be sure to contact the offices of Rafal Gorski. One call can be the first step in gaining financial freedom.