Knoxville Bankruptcy Attorneys Clark & Washington Explain How To File for Bankruptcy in Tennessee

    KNOXVILLE, TN, February 27, 2015 /24-7PressRelease/ -- The Knoxville bankruptcy attorneys at Clark & Washington wish to discuss how to file for bankruptcy in the state of Tennessee. Many potential filers are unaware of the steps necessary to successfully file for bankruptcy, so they make fatal mistakes during the filing process. These mistakes can be easily avoided by retaining a Knoxville bankruptcy lawyer.

Filing for bankruptcy is a systematic process. By simply following these steps, you can avoid many of the unnecessary stresses involved with the bankruptcy filing process.

1. Complete pre-bankruptcy credit counseling with one of the pre-approved Tennessee counseling agencies. You must provide proof that you have completed the counseling before you can proceed.
2. Determine your bankruptcy exemptions so you know what property you will get to keep in your bankruptcy, even if you file for Chapter 7.
3. Fill out your bankruptcy petition and the accompanying documents and schedules containing detailed financial information about your income and the amount of money you owe and to who.
4. Determine if you qualify for Chapter 7 or Chapter 13 bankruptcy. Your qualification depends upon your household income compared to the average household income for the state.
5. File your bankruptcy paperwork with the correct judicial district, which can vary depending on where you reside or are domiciled.
6. Complete a debtor education course with a pre-approved Tennessee debtor education agency and provide proof of completion. You must do this before your bankruptcy can be discharged.

Getting the assistance of a Knoxville bankruptcy attorney is a key part of the process and will make filing for bankruptcy much easier. To learn more about filing for bankruptcy or to schedule a free bankruptcy consultation, visit http://knoxvillebankruptcyattorney.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.knoxvillebankruptcyattorney.com.

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