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When you initiate contact with the lawyers at
Clark & Washington, their job immediately begins. Our attorneys will begin by reviewing your case and going over your income, debts, secured loans, unsecured loans, and all of your assets to determine if filing for
Chapter 7 or
Chapter 13 bankruptcy is right for you. Once this has been established, they will offer you solutions to help you protect the assets that mean the most to you by informing you of the exemption laws in your state.
Chapter 13 – Stop Foreclosure
Chapter 13 can be a great financial tool to help you stop creditor actions that threaten your family and your way of life. The minute you file Chapter 13, a legal protection called the “Automatic Stay” comes into existence and, by law, all creditor action must stop.
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Chapter 7 – Stop Foreclosure
Chapter 7 allows you to walk away from a mortgage you cannot afford. Chapter 7 will also stop a foreclosure and give you time to find a new place to live. Chapter 7 is a liquidation type of bankruptcy rather than a reorganization.
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