For those living paycheck to paycheck, every dollar counts. It may be an illness or injury, or even a job loss, that starts the downward financial spiral, but once it’s started, it’s hard to climb back out. Late charges, high interest rates, and missed payments can make it almost impossible to catch up even when trying diligently. Soon the past due notices start arriving in the mail and the collection phone calls come day and night with threats of lawsuit and repossession. Fortunately, when facing a situation like this, a Bankruptcy Lawyer In Puyallup Wa can help. They can immediately stop the harassing phone calls and collection letters by filing for bankruptcy protection. Many times they are successful in getting the debts discharged by only paying pennies on the dollar or, sometimes, by paying no money at all depending on the debtor’s financial situation.
Anyone past due on a payment understands just how intimidating a collection phone call can be, but many don’t realize that as soon as papers are filed for bankruptcy protection the phone calls must stop, by law. Any collection activity must cease. That advantage alone is priceless to the debtor who, through no fault of their own, is facing financial hardship. The constant ringing of the phone by threatening collectors can cause additional anxiety to the already stressed debtor. By hiring a Bankruptcy Lawyer In Puyallup Wa, all communication and correspondence must go through the attorney, giving the debtor back some peace. Depending on the type bankruptcy required, the debtor either will have their debts discharged immediately or after completing a payment plan. Either way, even if the debtor must make payments over three to five years, no creditors can contact them during this time for additional payment. When the plan is completed, the remainder of the debts are wiped clean and the debtor is debt free.
Many people waste time tying to handle the bankruptcy process themselves, throwing away money needed for food and household bills only to find themselves no further ahead month after month. Talk to a lawyer today and learn the options available to stop the harassment and become debt free.
