Knoxville Bankruptcy Attorneys at Clark & Washington Breakdown Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA)

    KNOXVILLE, TN, September 30, 2013 /24-7PressRelease/ -- Signed into law by then President George W. Bush and enacted on April 20, 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act, or BAPCPA, instituted significant changes to the Bankruptcy Code of the United States. Largely regarded as a triumph for the banking industry, the BAPCPA has several new provisions affecting bankruptcy filers.

Essentially, the New Bankruptcy Law (as the BAPCPA is sometimes referred to), makes it more difficult for some debtors to file for bankruptcy under Chapter 7. Most consumer debts are discharged by a successful Chapter 7 bankruptcy filing. Under the BPACPA, more debtors are constrained to file for bankruptcy under Chapter 13, which requires debtors to repay some portion of their debts before their financial obligation can be discharged.

Noted Knoxville bankruptcy law firm, Clark & Washington, offers their experience and expertise to residents who are thinking of filing for bankruptcy in Knoxville. The laws governing bankruptcy filings are highly technical and complicated, including, but not limited to, the New Bankruptcy Law. The bankruptcy attorneys of Clark & Washington are highly-trained and extremely knowledgeable legal professionals steeped in the practice and interpretation of current bankruptcy laws.

In the 30 years of their operation, Clark & Washington has successfully assisted thousands of Southeast residents in their bankruptcy filings. They are one of the most trusted Knoxville bankruptcy law firms today. Committed to helping their clients get their life back on track, they work hard to ensure a successful bankruptcy filing on behalf of all their clients. Under the New Bankruptcy Law, filing for bankruptcy has become even more convoluted. If you are thinking of filing for bankruptcy in Knoxville, Tenn., increase your chances of success by turning to the bankruptcy experts at Clark & Washington.

Visit http://www.knoxvillebankruptcyattorney.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.knoxvillebankruptcyattorney.com.

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