Consider some of the biggest signs that you need to start looking for a bankruptcy lawyer. A lot of people have money problems at some point, but not everyone is in danger of going bankrupt. Of course, it can be difficult to determine which category you fall into at times. |
If you have had to buy an answering machine to start screening your calls, or change your phone number because bill collectors call so often, you should consider filing for bankruptcy. Having to dodge creditors several times a day can be extremely stressful, and inconvenient, as well, especially if you have changed your number a few times because of this issue. Talking to the creditors often does not help, and can only add to the stress level in most cases. If you are sick of this situation, you should think about finding an attorney to represent you in order to get rid of your debt. Once you file, creditors and collection agencies have to stop calling you, at least temporarily.
The main reasons for going this route are usually excessive medical bills, sometimes costing hundreds of thousands of dollars, and job loss. Neither of these situations can be easy to get out of. It is difficult to catch up on bills when you are without a job for months or even years, as everyday that goes by adds bills to your life without any income to pay for them. Most people also cannot get together enough cash to ever pay off their medical bills, and payments will likely go on for life if they can even be worked out. Therefore, you might consider hiring a bankruptcy lawyer to help you figure out your options in order to become debt-free.
If you do not have many assets to be seized, and do not plan to buy any in the near future, this may be a good route for you. This is because your assets may be sold to help pay off your creditors, so you would have to be prepared to lose them during bankruptcy. Additionally, your credit will be damaged enough that you cannot buy a house for several years unless you want to pay lots of money in interest. Thus, if you plan to rent for years and do not have many assets, you may want to seek out an attorney.
This route is not for everyone, but it if it turns out to be the best one for you, it is wise to get a bankruptcy lawyer to represent you. This will take most of the stress off you during the process. In fact, you will likely feel a sense of relief afterward, as well, as you will no longer have creditors contacting you constantly.
If you're seeking financial relief in Tacoma, a bankruptcy lawyer can help you sort out this complex and sometimes mystifying process and resolve it peacefully. Learn more here: http://www.bennettadvocates.com/.
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