It’s not uncommon for people to find themselves in such a dire financial situation that the only way they could ever get out of those situations is to have their current debt partially or completely absolved. It would be very difficult, if not impossible, to speak with your existing creditors and have them forgo your debt, but this is precisely what can happen when you decide to file for Chapter 7 bankruptcy.
However, in order to do this, you’re going to need the help of an attorney; more pointedly, a bankruptcy attorney. If you’re looking for a bankruptcy lawyer Horak & Boyd PLLC are the attorneys you need to call if you reside in and around the Vancouver Washington area.
It’s not surprising that most people who speak with a bankruptcy lawyer are new to this type of proceeding. While this can create a great deal of embarrassment or self-consciousness, it’s important to remember that attorneys like Horak and Boyd have seen this sort of thing in the past, and it’s likely that your situation isn’t extremely unique.
This should provide you with some comfort when you discuss your case to get the attorney’s opinion on if you need to file for chapter 7 bankruptcy. They will be able to tell you if you qualify for bankruptcy. In addition, they will help you to understand the process as well as help you to initiate the process of filing a petition for bankruptcy with the courts.
In your consultation with the bankruptcy attorneys, they will explain to you what chapter 7 is, which is the liquidation of most if not all current debts so that you can start with a clean slate. They will also explain to you the cost of filing for bankruptcy, which is typically around $300, plus various administration fees.
They will also inform you as to how long the bankruptcy will take. This time frame will typically be between four and six months. This could take longer if the bankruptcy experiences some unforeseen obstacles.
Bankruptcy isn’t something to get excited about, but sometimes it is necessary. If you find yourself in this situation, when it comes to a bankruptcy lawyer Horak & Boyd are going to be your best options in the Washington Vancouver area.
