Schedule your free visit with Clark & Washington, P.C.: 770.488.9302
Schedule your free visit with Clark & Washington, P.C.: 770.488.9302

FAQs

Bankruptcy is a complicated process. The legal jargon is confusing and materials provided by other firms are often dense and unreadable.

We want you to be as informed as possible. We’ve simplified the answers to our most frequently asked questions so that you can be totally informed of your options.

FAQs: ABOUT BANKRUPTCY

How does bankruptcy help me?

Bankruptcy helps the debtor (the person filing for bankruptcy) by getting them out of debt. This debt can be completely eliminated or paid back in one lump monthly sum. Filing for bankruptcy allows the debtor to regain control of their finances and have a fresh start.

Does everyone qualify?

No. Qualification is based on how much your debt is and the amount of income you bring into the household. Your attorney at Clark & Washington, P.C. will help you decide the best choice for you.

How long does it take to file bankruptcy?

The period can be as long as a few weeks or as short as the same day you visit. Emergency filings are available through the court’s electronic filing system.

Will this stop repossessions, foreclosures, or garnishments?

Yes. Filing for bankruptcy will place a “stay” on your assets and stop you from losing them. This stay informs creditors they may not take any action against you regarding your assets.

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FAQS: GETTING OUT OF DEBT

How exactly does my debt go away?

When you file for bankruptcy under either Chapter 7 or Chapter 13 an agreement is made between you and your creditors. Under Chapter 13 you will repay your debts over a period of three to five years. Under Chapter 7 you a relieved of your responsibility to pay the debts and creditors can no longer contact you. This process is called a discharge of debts.

How long does the discharge take?

With Chapter 7 the discharge usually occurs within 60 days. Under Chapter 13 the discharge is complete as soon as all payments are made in the three to five year period.

Will all my debts be discharged?

No.  Debts like child support or other debts incurred from a debtor’s inappropriate behavior (debts from a drunk driving charge, etc.) are not discharged.

What effect will this have on my credit score?

Filing for bankruptcy will affect your credit score. However, credit scores are not permanent and you can rebuild it to a high rating over time.

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FAQ’S: WHY CLARK & WASHINGTON

Does your firm inform its clients of meeting times and dates or do I have to find that information on my own?

Yes. At Georgia bankruptcy law firm Clark & Washington, P.C., we make sure you are informed every step of the way. You will always be notified of any upcoming events in your case. If you provide an e-mail address this information will also be sent to you.

What happens at my free consultation?

At your consultation, you can ask the attorney any questions you have. From there the attorney will help you decide your options regarding bankruptcy and give you all the appropriate paperwork and information.

Do I have to make a decision at the meeting?

No. This consultation is for your benefit. Many clients wish to take the information home and discuss it with a family member or spouse. You have as much time as you need to decide to file.

After my consultation, will I be able to contact the firm if I have more questions?

Yes! Unlike other firms where clients are left in the dark, Clark & Washington, P.C. wants you to be involved. If you have any questions regarding your case you may call the firm and speak to one of our trained professionals. 

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