Atlanta has been a tough place to live for the past few years since the economic downturn. Despite its size and number of Fortune 500 companies, this city has been the victim of some serious economic problems. With a unemployment rate two percent higher than the national unemployment rate, a higher tax rate, and slower job growth, you may be beginning to wonder how you are going to protect your home from foreclosure and gain control of your debt. If you’re unable to find the money to stay financially afloat, or have had the ability and means to control your debt taken away from you, the best way to gain control of your debt will be to file for Chapter 13 bankruptcy.

Why Bankruptcy?

credit cardBeing advised to file for bankruptcy is terrifying to many people, but in essence, filing for Chapter 13 bankruptcy is simply going to the court and asking for permission to reformulate your debts into payments that will work for you.

Typically, the court will give you three to five years to pay off the debts, and after that time period of consistent payments, any remaining qualifying debt will be discharged. Filing Chapter 13 bankruptcy will allow you to keep your home and build a plan to eliminate the debt you can’t pay, develop a long-term strategy to clear the debt you can pay, and give you the peace of mind to feel secure and in control of your finances once again.

Chapter 13 bankruptcy can give you the fresh start you need. Overwhelming financial problems is the number one cause for family problems, stress, decline in health and general unhappiness. Let our lawyers help you turn your life around and gain control of you debt. We will safeguard your interests and help put together the best possible plan to help gain and keep control of your debt. Contact Clark & Washington for help today.

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