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NORCROSS, GA, January 02, 2013 /24-7PressRelease/ -- When staring down the barrel of foreclosure, many financially burdened homeowners feel that they are completely out of options. One step, however, that is often overlooked can be the one that actually saves your home and possibly even allow you to improve your credit over time - filing for Chapter seven or 13 personal bankruptcy.
The Orlando bankruptcy attorneys of Clark & Washington understand bankruptcy can actually provide a beam of hope at the end of a dark financial tunnel. While choosing to file for personal bankruptcy should never be a first choice, it is an option that can automatically halt the foreclosure process. This buys struggling homeowners time to catch up with mortgage payments.
Homeowners should seek the expert guidance of Orlando bankruptcy lawyers to properly advise how to file based on their particular financial situation. Chapter seven can allow debt forgiveness, but ultimately results in liquidation of assets. Filing Chapter 13 enables you and the court to develop a payment plan for repaying your debt. Once you file, the bank cannot move forward with foreclosure on your home.
If you find yourself dealing with a possible foreclosure, remember you're not the only one. According to CoreLogic's National Foreclosure report for October 2012, Florida was ranked second in the nation for completed foreclosures with a rate of 95,000 in a 12-month period.
Contacting a qualified bankruptcy attorneys in Orlando can help you decide if filing is the best option for you. Clark & Washington is dedicated to helping people overcome financial hardship and expertly navigating bankruptcy laws. They also offer free debt consultation.
For more information on the Orlando bankruptcy services offered by Clark & Washington, visit their website at http://www.orlando-bankruptcy-help.com.
About Clark & Washington:
Established in 1983, Clark & Washington is now one of the leading bankruptcy filers in the Southeast. They have locations in Georgia, Florida and Tennessee. Clark & Washington specializes in personal chapter seven and 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.
For more information, visit http://www.orlando-bankruptcy-help.com.
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