Frequently Asked Questions
1. What is Chapter 13?
Chapter 13 is a type of bankruptcy that stops foreclosures and other creditor actions immediately and gives you up to five years to pay back your bills.
2. What is Chapter 7?
Chapter 7 is a type of bankruptcy that stops all creditor actions, including foreclosures, and allows you to wipe out credit card debt and walk away from house and car loans you can no longer afford.
3. How much will it cost me to get started with Clark & Washington?
When you choose Clark & Washington, Georgia’s largest consumer bankruptcy law firm, you can get started with either Chapter 13 or Chapter 7 bankruptcy protection for less than $300.
4. How does a Chapter 13 or Chapter 7 stop an imminent foreclosure?
When you file a Chapter 7 or 13, an “automatic stay” is created that freezes all creditor actions, including foreclosures. The stay is backed by the authority of the federal bankruptcy court.
5. How does Chapter 13 or Chapter 7 affect my property and my credit?
The bankruptcy laws allow you to shelter most of your personal property such as household goods, clothes and car. Depending on the type of bankruptcy you choose, you can decide whether to keep or give up property you can no longer afford to keep.