Bankruptcy is a legal way to clear unsecured debts. Individuals and married couples who are in financial distress sometimes choose bankruptcy to wipe away their debts or to set up a payment plan so they can afford to pay their bills. This seems to be a great decision for people who are unable to manage the amount of debt they have. The bankruptcy laws allow people who are employed and unemployed, as well as those who have assets and those who don’t, to file for debt relief. Unfortunately, because there are fees associated with filing, some people feel like they are stuck in a catch-22.
The first thing a person or couple in this dire situation should do is look for a Cheap Bankruptcy Lawyer In Tacoma Wa. By choosing an attorney that charges reduced fees for their services, it might be easier to afford to file necessary paperwork. Those who need this kind of debt relief typically don’t have thousands or even hundreds of dollars in the bank. Since finding an attorney to help with the bankruptcy for free might be challenging could take more time than a person really has to take care of their debt situation, they may need to think of some creative ways to raise the money to pay a lawyer.
The most obvious method of raising the money is to stop making minimum payments on credit card bills. These debts are generally discharged in bankruptcy. If that doesn’t result in enough money for the Cheap Bankruptcy Lawyer In Tacoma Wa to get started on the case, a person who is serious about filing for bankruptcy protection might take a part-time job or offer their services on a freelance basis to earn some extra money. Those who own electronics or jewelry might be able to sell them or pawn them to get some of the money they need. Taking out a 401(k) loan might also be an option in some circumstances. The discipline they develop as they’re working to get the funds necessary for the filing fee and attorney costs could help an individual or couple after their bankruptcy is discharged and they work to reestablish their credit.
