NORCROSS, GA, November 01, 2012 (Press-News.org) Attorneys Clark & Washington understand that nobody wants to lose their home. With the downturn in the real estate market and the economy, bankruptcy in Atlanta may be one way that the 7,652 foreclosures on Sept. 4th could have been avoided.
With a Chapter 7 bankruptcy, some home owners may be able to reduce the amount owed on their homes, especially if their second mortgage makes the debt on the house more than the house is now worth. Atlanta bankruptcy attorneys Clark & Washington are fighting for clients who face an upside down mortgage due to the change in property values.
In an Atlanta bankruptcy, clients may be able to reaffirm their debt to the bank and make reduced payments, but keep the house. At their free initial consultation, home owners can discuss what it would take to file bankruptcy in Atlanta and still keep their home and some other personal property. Many people mistakenly assume, before consulting an Atlanta bankruptcy attorney, that filing for bankruptcy means they will lose their home and vehicles anyway.
Others are concerned that filing for bankruptcy protection will affect their credit rating even more negatively than the foreclosure will. Bankruptcy law firms in Atlanta can answer these questions and more while helping people see if it is possible to save their homes. In many bankruptcy plans, bankruptcy lawyers can help homeowners negotiate a plan to add delinquent payments to the principal of the loan and get caught up on their payments.
To see if they can help you stop a foreclosure, visit Clark & Washington at http://www.cw13.com.
About Clark & Washington
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 7 and chapter 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.
For more information visit: http://www.cw13.com.
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Lead Content Developer
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Atlanta Expects to See 7,652 Foreclosures on September 4th, Notes Atlanta Bankruptcy Firm Clark & Washington
Atlanta bankruptcy law firm Clark & Washington expected to see 7,652 foreclosures on September 4. With the next foreclosure deadline looming, people might still be able to prevent losing their homes.
2012-11-01
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[Press-News.org] Atlanta Expects to See 7,652 Foreclosures on September 4th, Notes Atlanta Bankruptcy Firm Clark & WashingtonAtlanta bankruptcy law firm Clark & Washington expected to see 7,652 foreclosures on September 4. With the next foreclosure deadline looming, people might still be able to prevent losing their homes.