Gain Control of Your Debt with a Chapter 7 Bankruptcy Attorney in Tacoma WA

Most people make every attempt possible to pay their bills and credit debt on time. Unfortunately, job loss, injuries, illness, and other issues can make it impossible to keep up with many of these financial obligations. When payments are not made, phone calls and threats often come from those they owe money to. It does not take long before this debt spirals out of control. Fortunately, a Chapter 7 Bankruptcy Attorney in Tacoma WA provides services to help in these situations.

Debt and Bad Credit

Debt can have serious impacts on a person’s life. The inability to pay this debt can also impact a person’s credit rating. A bad credit score can make it impossible for a person to get new credit. It can also pose risks of increasing interest and costs of current debt. In addition, bad credit can impact other aspects of life that can make it difficult to ever get out of debt. Many companies run credit scores for people looking for a job or even attempting to rent a home.

Getting Control

When debt gets out of control, many people may feel they have no way out of the problem. This can be especially difficult for those with little or no income. Fortunately, there are options that can assist. A Chapter 7 Bankruptcy Attorney in Tacoma WA can provide assistance in understanding debt and how to take control of the situation. They can even guide people through the bankruptcy process and represent them in the hearing to ensure a fresh start.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is a legal process available to help people gain control of their debt. This filing is reserved for those with little or no income. During this process, an attorney will assist clients in gathering all of their debt, income, and property records to begin the process. If any property is owned outside of the exempted property, such as a home or vehicle, it will be sold to pay off the debt. Any remaining debt after this process will be dismissed.

Although bankruptcy often carries a stigma as being a poor choice for those with credit issues, it is often the best option for those drowning in debt. It provides them an option for having their debt removed and getting a chance to start fresh and gain control of their financial future.

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