When people start out in life, it is with the intent that they will be successful in their endeavors, establish a home, and have financial stability. However, it doesn’t always work out that way because things can happen that cause them to be overwhelmed financially. Then, they may have to file bankruptcy. A Chapter 7 Bankruptcy Attorney in Tacoma WA advises and represents those clients who have found no other source of debt relief. Here are some things clients may want to realize about filing Chapter 7 bankruptcy in Washington.
Understanding Chapter 7 Bankruptcy in Washington
When people are in the position of needing to file bankruptcy, it is usually either Chapter 7 or Chapter 13, which will be determined according to their financial status. Chapter 7 bankruptcy is designed to eliminate all the eligible debt a person has, giving the person a chance to start over financially. This type of bankruptcy can even help a driver get the driver’s license back if the license was suspended due to an uninsured motor vehicle claim. It is also possible that the client can actually keep the car.
More about Chapter 7 Bankruptcy in Washington
A Chapter 7 bankruptcy takes about three months to complete the whole process, during which a client will enjoy the benefits of being able to possibly save the home from foreclosure and stop creditors from making those annoying phone calls. Contrary to belief otherwise, the person can actually begin to rebuild credit after a Chapter 7 bankruptcy. All that is required is that the client passes a “means” test that will determine if a Chapter 7 bankruptcy can be filed.
A Bankruptcy Attorney in Tacoma, Washington
If a person feels their debt is overwhelming, calling a bankruptcy attorney will be one way to find quick relief and, possibly, start over. The Law Office of Kevin G. Byrd is an example of one law firm in Tacoma, Washington that can help clients with bankruptcy issues. If individuals are in need of a Chapter 7 Bankruptcy Attorney in Tacoma WA, the law office is available. To get more information, visit the website at http://www.kevingbyrd.com.