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Atlanta Bankruptcy Attorneys, Clark & Washington, Explain the Difference between Chapter 7 and 13

Atlanta bankruptcy experts, Clark & Washington, address the differences between Chapter 7 and Chapter 13 bankruptcy. Being aware of these key points can help determine what type to file if you have found yourself in difficult financial straits.
  • <strong>Atlanta bankruptcy attorneys</strong>
    NORCROSS, GA, April 09, 2013 /24-7PressRelease/ -- The Atlanta bankruptcy attorneys, Clark & Washington, want to remind residents that there are several types of bankruptcy. Chapter 7 and Chapter 13 are the chapters that will apply to most individuals and businesses, and they differ in many respects. It's these differences that people need to be aware of. Chapter 11 typically only applies to businesses that meet specific requirements, or abnormally complex consumer cases. Therefore, the Atlanta bankruptcy attorneys, Clark & Washington, recommend Chapter 7 or 13 for most of their clients. In any event, filing for bankruptcy should only be performed as a last resort. The bankruptcy lawyers, Clark & Washington, in Atlanta will advise clients to consider alternatives for resolving their debt problems, due to the impact bankruptcy can have on one's credit. Here are some quick tips for understanding the differences between Chapter 7 and Chapter 13.

Filing for Bankruptcy in Atlanta? Know the Difference
- Chapter 7 is used as a form of asset liquidation. It is recommended for people that own a minimal amount of property who cannot afford to pay for basic necessities after monthly bills.
- Chapter 13 is a court-ordered repayment plan. You get to keep your assets, but must repay certain debts via structured payments. It is recommended for people that need help paying their debts.
- Chapter 7 is generally a very quick process. After filing, it only takes about a few months for debts to be discharged. A Chapter 13 bankruptcy can last up to 5 years, depending on the details of the case.
- In both cases, your creditors are not allowed to contact you. With Chapter 7, there will be no need as all unsecured debts will be wiped clean. Since your payments will be going to the court-appointed Trustee in Chapter 13, creditors are prevented from directly contacting you during the interim payment period.
- In order to qualify for Chapter 7, filers must pass a "means test" to prove their eligibility. There are financial requirements for Chapter 13 filers. Be sure to consult with an Atlanta bankruptcy lawyer at Clark & Washington to find out which option will be best for you.
Clark & Washington has practiced Atlanta bankruptcy law for three decades. To learn more about the services they offer, please visit

Clark & Washington has practiced Atlanta bankruptcy law for three decades. To learn more about the services they offer, please visit

About Clark & Washington:
Established in 1983, Clark & Washington is one of the leading bankruptcy filers in the Southeast. They have locations in Georgia, Florida and Tennessee. Clark & Washington specializes in chapter 7 and 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.

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