Seeking a bankruptcy attorney does not have to be overly expensive. There are now attorneys who specialize in saving their clients money. They can even set up low-cost payment plans to assist individuals in being able to apply for Chapter 7 bankruptcy. With this information, individuals will learn how an attorney can help them.
What Can Individuals Expect?
A bankruptcy does not have to cost an arm and a leg. The Cheap Bankruptcy Attorney In Bremerton WA will be able to complete the process for a low price that saves individuals tons of money. Once the individual’s debts are taken care of by the bankruptcy, they will have a much greater level of peace of mind.
The process takes about six months or less, depending on how quickly the mean’s testing and liquidation goes. The individual will need to submit information to prove their income and determine if Chapter 7 is a good fit. If they pass mean’s testing, they will be allowed to go ahead with the process.
In some cases, an individual may be required to submit their non-essential assets for liquidation. The liquidation process involves the sale of any non-essential assets. An individual is allowed to keep all of their essential assets, such as their home, car, furniture, and clothing.
In most cases, a person does not have enough valuable assets to be liquidated. When this happens, the third-party trust who is placed over the case has the power to forgive the debts. When the debts are absolved, the creditors can no longer pursue the debtor.
To start the process, a consultation meeting needs to be scheduled right away. Consultation appointments are informative and can give individuals the information they need for making wise decisions. If the process is started, financial freedom will be just over the horizon.
If you are dealing with more debt than you can handle, contact the attorney right away. They will be happy to meet with you and go over your financial needs. Allow them to assist you in legally overcoming your debt. Call today to schedule an appointment to get started right away.
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