Chattanooga Bankruptcy Attorneys Clark & Washington Explain the Process of Filing for Bankruptcy in Chattanooga

    CHATTANOOGA, TN, February 14, 2014 /24-7PressRelease/ -- Bankruptcy can be a scary thought for some people, especially if they do not understand how filing for bankruptcy in Chattanooga works. The bankruptcy process can be confusing. To understand it, it is best to make an appointment with an attorney who knows the law and the process.

During your initial consultation, your attorney will discuss with your the current condition of your finances and ask about any recent changes in your life that have affected your earnings such as a job loss, divorce or an illness. They will ask for mortgage documents, loan agreements, a list of creditors and any other documents that can help them gain insight into your current financial situation.

If you and your Chattanooga bankruptcy attorney decide that it is in your best interest to proceed, the nest step is to contact your creditors to see if it is possible to rework your debt obligations. Often your attorney will ask your mortgage company for a forbearance, which will allow you to make partial or possibly no payments until your bankruptcy is resolved.

Once your Chattanooga bankruptcy attorney has developed an understanding of your current financial status then your case will be filed in bankruptcy court, a decision will be made and your case's outcome will be decided.

Filing for bankruptcy should not be taken lightly, but an equitable outcome can put you in a better financial position with less debt and unrealistic financial obligations.

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.cw13.com.

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