Knoxville Bankruptcy Attorneys Clark & Washington Discuss Ways To Get a Bankruptcy Exemption

    KNOXVILLE, TN, May 06, 2015 /24-7PressRelease/ -- While you can file for bankruptcy without the services of a lawyer, it is usually not advisable to do so. No matter how simple you think your case may be, a seasoned bankruptcy lawyer can still be of great assistance. For instance, they can help you determine whether you qualify for certain exemptions when filing for Chapter 7 or Chapter 13 bankruptcy.

The law firm of Clark & Washington is an expert in all aspects of Knoxville bankruptcy rules and regulations. For Chapter 13 bankruptcy filing for instance, they know that the amount their clients have to pay their creditors each month is based in part on the property they can exempt. Having more exemptions means that their clients end up paying less to their unsecured creditors.

In a Chapter 7 filing, the bankruptcy trustee sells the property of the debtor and uses the proceeds from the sale to pay off as much of the debt as possible. An exemption allows the debtor to retain a portion of their property and not have it included in the sale of their assets, thus facilitating their journey back to fiscal health.

It takes an experienced bankruptcy attorney to help debtors determine the exemptions to which they are entitled under the law. The Knoxville bankruptcy lawyers of Clark & Washington are just the advocates you need in a Chapter 7 or 13 bankruptcy case. With their knowledge and years of expertise in the field of bankruptcy law, your bankruptcy filing stands a better chance of succeeding.

To learn more, please go to http://knoxville-bankruptcy.com/.

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://knoxville-bankruptcy.com/.

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