Chattanooga Bankruptcy Experts, Clark & Washington, Address 456 Bankruptcies in April

    NORCROSS, GA, August 05, 2013 /24-7PressRelease/ -- The Chattanooga bankruptcy lawyers, Clark & Washington, would like to take a moment to discuss the number of Chapter 7 and 13 filings the city had in April of this year. The bankruptcy attorneys in Chattanooga note recent statistics show 456 filings last month. While this number may be lower than it has been, it is important to note that it also represents roughly 3.26 percent of the total population if kept consistent for a year. It is worth noting that bankruptcy is still a serious problem that is affecting thousands of people throughout the country, as this sample representation illustrates quite well. Financial burden can come from any direction, note the Chattanooga bankruptcy attorneys, which is why being prepared for the worst is essential.

Tennessee is the Leader in Debt Repayment
Clark & Washington note that one thing Chattanooga residents are having success with is debt repayment. According to a recent study, it was found that the state of Tennessee led the nation with respect to the proportion of Chapter 13 filings. They mention that many people often go this route in an attempt to keep their possessions; unlike Chapter 7, 13 in essence establishes a structured repayment plan that is made effective by the court. Each Chattanooga bankruptcy lawyer at Clark & Washington recognizes that residents throughout the state of Tennessee have continued to file equally between the two types of bankruptcy, unlike other states (only one-fifth of California residents file for Chapter13 on average).

Clark & Washington have been practicing Chattanooga bankruptcy for more than 30 years. To learn more about the services they offer and to contact an attorney today, please visit http://www.chattanooga-bankruptcy-attorney.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 7 and chapter 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.

For more information, visit http://www.chattanooga-bankruptcy-attorney.com.

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