Leading Bankruptcy Attorneys in Chesterfield, VA
Lawyers Offering Chapter 7 and Chapter 13 Bankruptcy Support
Take Control of Your Finances in Chesterfield, VA
Bankruptcy can offer you hope when overwhelming debt starts to control your life. The harassing phone calls from creditors, wages garnished from your bank account, repossessions and foreclosures can all be brought to a stop.
Did you know you can use bankruptcy to eliminate or reorganize your debts? This puts the cards back in your hands. You can make payments at a rate that allows you to recover and build a savings, instead of drowning in financial stress.
Don’t face your debt alone. Financial Freedom Legal is here to help you file for bankruptcy and get back on your feet. Our compassionate lawyers, Veronica and Steve, believe in offering a well-rounded approach to bankruptcy support.
Move towards a better future with legal support and financial advice. Find the resources and financial comeback you deserve with Financial Freedom Legal. Get started with a free bankruptcy consultation.
What Bankruptcy Chapter is Best for You?
Chapter 7 or Liquidation Bankruptcy
Chapter 7 bankruptcy can make it possible to eliminate debts without repayment. If you have debts such as credit card, medical bills, payday loans, cash advances, internet loans, personal loans or judgements then this might be an option for you.
By resolving those debts you can have the financial freedom to cover your living expenses and start saving for the future.
Filing bankruptcy brings immediate relief from creditors and garnishments. Once your paperwork is filed all creditor collection action will be stopped immediately, which includes garnishments, warrants in debt, collections calls, and more.
This chapter of bankruptcy is not the best option for everyone. There is a risk of liquidation of property, which means that some property could be in danger of being sold to repay your debts.There are laws called exemptions that can protect property that you own up to a certain amount. Our team of legal professionals at Financial Freedom Legal are happy to review your specific circumstances to see if your property can be protected and if chapter 7 is the right option for you.
Financial Freedom Legal takes the guesswork out of your bankruptcy journey. Our lawyers guide you down the best possible path to financial freedom, starting with a free bankruptcy consultation.
You will be informed of the risks, alternative options and what you have to gain from filing Chapter 7 bankruptcy. Learn more about how you can eliminate debts and get back on your feet in Chesterfield, VA.
Chapter 13 or Plan of Reorganization
Circumstances change and sometimes your debt repayments become unmanageable. Chapter 13 Bankruptcy offers you the chance you need to create an affordable payment plan that allows you to get back your peace of mind.
Unlike Chapter 7 bankruptcy, there is no risk of property loss in Chapter 13. You can keep your property and have a more affordable way to repay your debts.
Chapter 13 bankruptcy sets you up with one payment each month for 3 to 5 years to cover all of your debts. These payments often amount to less than the original minimum monthly payments you were required to make before filing bankruptcy.
This chapter of bankruptcy is flexible and can help you immensely with a wide variety of debts. You can file Chapter 13 if you are facing challenges such as home foreclosure, eviction, vehicle repossession, wage or bank account garnishments, tax levies, utilities disconnections, warrant in debt and debt collection.
Don’t deal with financial struggles alone. The lawyers at Financial Freedom Legal have the expertise and knowledge to help you find the best bankruptcy option for you. Let’s start your path to financial freedom and peace of mind today.
How Can Our Prince George Bankruptcy Attorneys Help You?
Foreclosure
You worked hard to purchase your home and rely on it for many of your needs. If the bank is threatening to foreclose on your home due to missed mortgage payments, bankruptcy can help. Financial Freedom Legal can help you file Chapter 13 bankruptcy to catch up on the missed payments and keep your house.
Garnishment
Have creditors started taking money from your paychecks or bank account? It can feel hopeless trying to protect your wages from creditors. Financial Freedom Legal will show you how to use bankruptcy as a tool for putting a stop to garnishments and working to get back the money taken from you.
Money Collections
When the collectors just won’t stop calling, sending letters, taking your wages or scheduling court dates, it can feel like nothing will ever stop them. Financial Freedom Legal can provide the expert legal advice you need to get the creditors off your back. Let us handle the collectors while you work on your financial comeback.
Warrant in Debt
If a creditor has filed a warrant in debt against you they can take you to court and attempt to recover debts that you owe. Financial Freedom Legal can help keep you out of the courtroom and figure out a plan for resolving your debt.
Student Loan Debt
Student loan debts can bring decades of financial pressure and struggle. Taking on loans in college can lead to significant stress and difficulties making payments. Financial Freedom Legal can help you handle your student loan creditors and come up with a better plan.
Repossession
You rely on your vehicle to get to work, school, the store and more. It can be stressful when you miss payments and receive threats of repossession from your lender. Financial Freedom Legal will help you take action and protect your vehicle.
Tax Debt
For many, tax season holds a feeling of dread. If you’re falling behind on your taxes, you may need to reorganize your payments. Find the right bankruptcy option for paying off or discharging your tax debts with Financial Freedom Legal.
Evictions
Rent is a massive monthly expense and sometimes it becomes impossible to make your payments on time. There is still hope, even when a landlord is threatening to take away your housing. Financial Freedom Legal can help you use bankruptcy to protect your housing and catch up missed payments.
Utility Disconnection
Is your utility company threatening to stop your services due to unpaid bills? Bankruptcy can help stop disconnections and settle your payments. Financial Freedom Legal will help you gain financial freedom.
Overwhelming Debt
No matter what kind of debts you have, at a certain point they can seem impossible to pay off. Filing for bankruptcy can get you the relief you need. Financial Freedom Legal can assist you explore your options and get peace of mind.
Serving All of Chesterfield
Our bankruptcy attorneys will help residents throughout Chesterfield including near, but not limited to:
Bellwood, Bensley, Bon Air, Brandermill, Centralia, Charter Colony, Chesdin Landing, Chester, Enon, Ettrick, Hallsboro, Harpers Mill, Manchester, Matoaca, Meadowbrook, Midlothian, Moseley, Rockwood, Skinquarter, Tarrington, The Highlands, Wilkinson Terrace, Winterpock, Woodlake, Woodvale and more.
What Makes Financial Freedom Legal the Best Bankruptcy Attorneys in Chesterfield, VA?
Financial Freedom Legal is dedicated to providing top-notch legal representation and peace of mind. Veronica and Steve have decades of combined bankruptcy law experience. Our team is committed to offering you a 100% judgment-free zone.
You receive compassionate and flexible support, not a one-size-fits-all approach. By using the law in a holistic way, our lawyers are able to make a real difference in your life.
Financial Freedom Legal stands out in Chesterfield, VA by offering:
- Expertise: Veronica and Steve are nationally recognized bankruptcy experts with over 20 years of experience.
- Holistic Approach: Financial Freedom Legal aims to create a positive impact on your life by helping provide long-term solutions, not just fixing immediate problems.
- Comprehensive Services: Get assistance with a range of issues including foreclosures, repossessions, garnishments and more.
- Long-term Support: Benefit from guidance and resources designed to help you achieve long-term financial recovery.
- Chesterfield Community Partnerships: We can connect you with local professionals to help reach goals such as home ownership, saving for retirement and buying a vehicle.
- Client-centered Approach: Feel comfortable in a supportive and judgment-free environment.
Chesterfield Bankruptcy Attorneys Supporting You with On-Going Partnerships
Financial Freedom Legal has an unwavering commitment to assisting Chesterfield residents with getting a fresh start. Many bankruptcy attorneys are only focused on your case and not your overall financial needs. Bankruptcy is part of the process of recovering from financial debts but not the last step in your journey.
Once you’ve put a stop to garnishments and collections and found the right path for resolving or reorganizing your debt, it’s time to consider next steps such as:
- Financial planning
- Getting approval for new loans
- Home buying
- Vehicle purchases
- Rebuilding your credit score
Our experienced bankruptcy attorneys in Chesterfield, VA will listen to your concerns, answer your questions and create a customized strategy tailored to your unique needs. Start our holistic bankruptcy process today with a free consultation.
Answering Your Bankruptcy Questions in Chesterfield, VA
Will I lose my house if I file bankruptcy?
No, it is entirely possible to file bankruptcy and keep your Chesterfield home. For many people, protecting your home is the number one priority, and our bankruptcy lawyers have your back.
In many cases, filing bankruptcy may actually help to protect your home by helping you to catch up missed mortgage payments or pay other debts that may be affecting your home, such as delinquent real estate taxes, homeowner’s insurance or homeowner’s association dues.
Will filing for bankruptcy ruin my credit forever?
No, filing for bankruptcy will not ruin your credit forever. It will almost certainly impact your credit upon filing, but in the long run, it may actually put you in a better position to be able to rebuild your credit.
If you are faced with overwhelming debt or you are having trouble keeping up with your monthly bills, filing bankruptcy can help you get rid of your debts or set up a plan to repay them in a way that is affordable for you.
Once those debts are eliminated or under control, you will be in a better situation to be able to really start working to rebuild your credit. Rebuilding your credit after filing bankruptcy is important, and our attorneys are here to provide advice and help get you on the pathway to credit re-establishment and financial freedom in Chesterfield, VA.
Can I buy a house after I file bankruptcy?
Yes, you are able to buy a home after you file bankruptcy. You may need to wait a certain period of time—usually a year or two after filing a bankruptcy case—before lenders will be willing to approve you for a mortgage loan, but you may be able to get approved for a mortgage loan even while you are still going through the bankruptcy process, subject to approval by the bankruptcy court.
The Federal Housing Administration (FHA) has also established specific guidelines that set forth the rules and criteria for buying a house after filing a bankruptcy. We are happy to help you learn more about the process, provide guidance along the way and connect you with our Chesterfield partners that can assist you in your home-buying journey.
Should I put my house, car or other property in someone else’s name before filing bankruptcy?
No. Please, do not transfer the deed to your house, title to your car or ownership of any other property to someone else before filing bankruptcy.
Any changes in ownership made prior to filing bankruptcy could be very problematic, may cause you to lose that property and potentially prevent you from being able to get the help you need.
Please talk with us about your options at a free bankruptcy consultation before you make any major changes.
Can I get rid of tax debt in bankruptcy?
Sometimes, some tax debt will be eliminated without repayment in bankruptcy. Other tax debt, typically more recent tax debt, will need to be repaid.
You will be set up with a bankruptcy plan to help resolve tax debts and get your life back on track. Our Chesterfield lawyers have extensive experience helping people recover from unpaid taxes.
Will I lose my car if I file bankruptcy?
No, it is entirely possible to file bankruptcy and keep your car. Having transportation is extremely important and Financial Freedom Legal will work with you to find options that will protect your personal property in Chesterfield.
If your car loan payments are behind, filing bankruptcy can actually help you prevent repossession and keep your car. It is also possible in some cases to keep your car and adjust your loan payment terms so that you end up paying less on the car loan than would be due under the original loan terms.
Does my spouse have to file bankruptcy if I file bankruptcy?
No, your spouse does not have to file just because you file bankruptcy. However, the bankruptcy court may require that you provide some financial information about your spouse when you file your individual case.
If you are married and file bankruptcy individually, your spouse’s debts will not be impacted by your bankruptcy case. Debts that are joint between you and your spouse will be addressed in your bankruptcy, but your bankruptcy will only affect your liability on those debts.
Therefore, if you are discharged from a debt that is joint with your spouse, your spouse will be responsible for paying any portion of the joint debt that remains after your bankruptcy case is over.
Can I finance a vehicle after filing bankruptcy?
Yes, filing bankruptcy does not prevent you from financing a vehicle in the future. Vehicles don’t run forever, so it is actually quite common for people to finance the purchase of vehicles after filing bankruptcy, whether it is a chapter 7 or chapter 13 bankruptcy.
In some cases, you may need to get permission from the bankruptcy court. Financial Freedom Legal will walk you through that process and take the steps necessary to get the court’s approval.
Will my student loans go away if I file bankruptcy?
Probably not. There are some rare circumstances in which some student loan debts can be fully or partially discharged, but in most cases, bankruptcy will not eliminate any portion of your student loan debt.
Our bankruptcy lawyers will gladly evaluate and discuss your specific student loans with you. Even if filing a bankruptcy will not eliminate your student loan debt, it can still help if you have fallen behind on your student loan payments.
As long as you are in an active bankruptcy case, you will not be required to make student loan payments, and creditors will not be allowed to bother you with collection calls or other collection actions.
Should I just pull funds out of my retirement account to pay off my debts?
No, please do not give away your retirement funds to creditors. Retirement funds are fully protected in bankruptcy under state and federal laws.
Veronica and Steve are experienced bankruptcy attorneys who can help protect your retirement funds and find a better option for your debt resolution or repayment. Start with a free bankruptcy consultation before losing your hard-earned savings.
Local Chesterfield Bankruptcy Attorneys in the News
Financial Freedom Legal’s team of nationally recognized bankruptcy attorneys has been highlighted in local news for our ongoing commitment to serving the community.
With a focus on compassion and extensive expertise in bankruptcy law, the firm is committed to helping individuals in the Chesterfield area navigate challenging financial situations and achieve true financial freedom. Our work provides an important service, offering a path towards a fresh start for those facing overwhelming debt.
Can You File Bankruptcy and Keep Your Tax Refund?
Can You File Bankruptcy and Keep Your Tax Refund? It is absolutely possible to file bankruptcy and protect your tax refund! There are laws called exemptions that protect certain property that you own up to a certain amount. There are actually exemptions specifically...
Does Bankruptcy Clear Tax Debt?
Understanding Tax Debt and Bankruptcy Options Key Challenges and Concerns with Tax Debt Taxes are difficult to navigate, and each year tax season brings stress to countless households across the United States. When you owe money on your taxes, it can feel like an...
Can You File Bankruptcy on Student Loans?
The United States Supreme Court ruled against President Joe Biden’s attempts to instate federal student loan forgiveness on June 30, 2023. Many college graduates spent months hoping for relief from their debt. However, following the Supreme Court ruling there...
How Will Debt Consolidation Programs Impact Your Credit Score?
What happens when you enter into a debt consolidation program? Debt consolidation companies often promise to consolidate your debts and negotiate settlements with your creditors. These companies frequently advise people to stop paying their debts and to make monthly...
Debt Consolidation Programs: Do they actually stop creditors from coming after you?
What is a debt consolidation program? There are many companies who promise to consolidate a person’s debts and negotiate settlements with creditors through a debt consolidation program. Often, the agreement with the debt consolidation company involves an individual...
Warrant in Debt: Understanding the Meaning and How to Resolve It
What is a Warrant in Debt? Under Virginia law, a creditor can take you to court to collect money that is owed. Generally, the document a creditor will file with the court is a warrant in debt. Creditors do this to collect unpaid debts. This lawsuit is a civil case...
Start Working Towards Financial Freedom
Ready to get the creditors off your back, eliminate damaging debts and reorganize your payments? Bankruptcy is an often underappreciated tool that helps thousands of people in Chesterfield County each year.
Financial Freedom Legal is all about creating a more compassionate and holistic approach to bankruptcy. Call us at 804-FREEDOM to set up a free consultation and figure out if bankruptcy is a good option for you. Our team stands by you as you conquer your debts and find financial freedom.
Richmond Bankruptcy Help
Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, Foreclosure, Repossession, Garnishment, Evictions, Collections, Warrant in Debt, Student Loan Debt, Tax Debt, Utility Disconnection, Overwhelming Debt,
Contact Our Richmond Bankruptcy Lawyers
Follow Us
Where We Help With Bankruptcy in Richmond
Amelia, Brunswick, Caroline, Charles City, Chesterfield, Colonial Heights, Dinwiddie, Emporia, Essex, Fredericksburg, Goochland, Greensville, Hanover, Henrico, Hopewell, King and Queen, King George, King William, Lancaster, Lunenburg, Mecklenburg, Middlesex, New Kent, Northumberland, Nottoway, Petersburg, Powhatan, Prince Edward, Prince George, Richmond(city), Richmond (county), Spotsylvania, Surry, Sussex, Westmoreland
© 2023 | All Rights Reserved | Financial Freedom Legal™