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What You Need to Know About

Chapter 7

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What You Need to Know About

Chapter 13

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CHAPTER 7

Chapter 7 is a more short-term solution to overwhelming debts. Chapter 7 bankruptcies will liquidate your assets (i.e. home, car, etc.) and turn them into cash to pay off creditors. This option allows persons previously buried in debt to become debt-free and make a clean start.

Chapter 7 advantages:

•Eliminates all debts
•No repayment plans
•Provides immediate fresh start
•No debt limits

Chapter 7 disadvantages:

•Will sell many assets

Bankruptcy law firm Clark & Washington, P.C. can help you choose the best option for you. Call 770.488.9320 to schedule a free consultation.

Chapter 13

$75

To Start - Total filing fee is $310 and must be paid within 60 days.

Chapter 7

$335

Filing Fee to Start. Installment Plans Available

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