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September 2022

Chapter 7 Bankruptcy Benefits in Alabama

By | Bankruptcy Law, Chapter 7 Bankruptcy | No Comments

Chapter 7 Bankruptcy is a beneficial option in the bankruptcy code for any Auburn and Opelika resident looking for financial freedom

Many Opelika & Auburn residents are often hesitant to declare bankruptcy because of the incredible amount of myths that our culture places on bankruptcy. 

Bankruptcy, however, is a perfectly legitimate form of debt restructuring that has helped countless Americans not only find relief from their numerous debts–but also have a second chance.

Here are some of the benefits Chapter 7 Bankruptcy provides from David S, Clark, an experienced bankruptcy attorney serving any Auburn or Opelika resident seeking financial peace. 

DISCLAIMER: The following blog post is just advice, and you will be better served to call David S. Clark with your bankruptcy questions. This blog contains helpful tips and advice, but is not professional legal advice, and shouldn’t treated as such.

Need Bankruptcy Help? Call David S. Clark

Facing Creditors Alone? Chapter 7 Bankruptcy Can Help

In every Chapter 7 Bankruptcy case, the court assigns an impartial case trustee that faces your debtors for you. Ultimately, these appointed trustees aren’t working to make money for the creditors or to make your debts magically disappear. They seek the best route forward for both parties.

Though this case trustee is a helpful and necessary player in Chapter 7 Bankruptcy cases, he or she does not compare to the incredible help a bankruptcy attorney can provide. 

Chapter 7 Bankruptcy attorneys have a fiduciary duty, a duty to put your interests above your debtors or any others. Ultimately, an Auburn or Opelika bankruptcy attorney is an important asset because they will advocate explicitly for you.

David S. Clark is an Opelika bankruptcy attorney that not only advocates on your behalf but understands how to navigate the confusing nature bankruptcy presents.

Discharge Debt With Chapter 7 Bankruptcy

A discharge in Chapter 7 bankruptcy cases is one of the most significant protections offered to a debtor filing for bankruptcy. 

When a person files for bankruptcy, he or she gives immense power to the courts, the court-appointed trustee, and creditors. This is a frightening step for many debtors, and rightfully so. Yet, since a Chapter 7 discharge frees debtors from the personal liability for many of their debts and immediately prevents creditors from taking collection action against them, there is no reason to fear. 

Given the nature of Chapter 7 bankruptcy as a means by which debts can be paid, not all debts are immediately discharged. This is when it is necessary to hire an experienced Auburn and Opelika bankruptcy attorney who understands the ins and outs of dischargeable vs. nondischargeable debt in Chapter 7 bankruptcy. 

The Difference With David S. Clark

Chapter 7 bankruptcy can seem complex because it is. This unfortunately makes a lot of the benefits that come with Chapter 7 out of reach for those that lack the extensive knowledge that really only comes with a law degree. 

That is why hiring a reputable Auburn and Opelika bankruptcy attorney like David S. Clark can be an important factor in successfully filing for Chapter 7 bankruptcy.

If you are looking to file Chapter 7 Bankruptcy in Auburn or Opelika, AL contact David S. Clark today to get your life back on the path toward financial freedom!

DISCLAIMER: The above blog post is just advice, and you will be better served to call David S. Clark with your bankruptcy questions. This blog contains helpful tips and advice, but is not professional legal advice, and shouldn’t treated as such.