While bankruptcy should never be entered into lightly, it is a helpful option for those who have found their debts are out of control. Getting help from the Bankruptcy Lawyer In Olympia WA is essential. There are legal options that can help people overcome the debts they owe so they can achieve a brighter financial future. Learning about the options for Chapter 7 is vital for helping individuals to make the best choice for their needs.
Schedule a Consultation First
To get started on filing for Chapter 7, it is important individuals schedule a consultation appointment with the Bankruptcy Lawyer In Olympia WA. Getting help from the lawyer ensures the individual’s rights are protected and they are able to get the help they need to successfully file for Chapter 7 and settle their debts as quickly as possible.
As a part of the consultation, the attorney will start the process of helping their client go through mean’s testing. Mean’s testing allows the individual to learn if they are a good candidate for Chapter 7. If the pass the testing, they can be approved and the process will start.
What Can Individuals Expect?
It is imperative individuals are fully prepared for what to expect from filing Chapter 7. During the process, the lawyer will fill out the paperwork that is necessary for filing for Chapter 7. Once the individual is approved, a third-party trustee is assigned to the case. This person will work with the individuals’ lawyer and ensure all their assets are accounted for so any non-essential assets of value can be sold to pay off the debts that are owed.
When no assets are available, the trustee working on the case has the power to absolve certain types of debts so they are forgiven. Getting started as soon as possible will help to release the stress debtors feel.
To learn more, it is important to schedule a consultation appointment to get started. With the help of an attorney, creditors will stop harassing you and you will be able to find peace of mind. Call today to get started on the process.