David R. Clark,

Attorney at Law 

Law Office of David R. Clark
902 South Memorial Drive
Prattville, AL 36067

ph: 334-361-7750
fax: 334-361-7748

Bankruptcy Newsletter

Bankruptcy Overview:

Chapter 7: 

This is often referred to as a "straight bankruptcy" and is often what is thought of when people think of bankruptcy.  When a Chapter 7 bankruptcy is obtained, you are given a fresh start and generally all of your debts are wiped out.  The idea is your assets are liquidated in order to pay off your debts.  With an experienced bankruptcy attorney, your house and other important assets can be protected. 

Chapter 13:

Instead of liquidating your assets to pay off your debts, Chapter 13 provides an opportunity to reorganize your debts into one payment that is more manageable, which is paid over the course of 3 to 5 years. 

Call Me Today!

Please contact me anytime! I look forward to hearing from you.

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.

 

Copyright 2009 by Law Office of David R. Clark. All rights reserved.

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Law Office of David R. Clark
902 South Memorial Drive
Prattville, AL 36067

ph: 334-361-7750
fax: 334-361-7748