Compassionate Bankruptcy Attorneys Serving Prince George County, VA
Dedicated Bankruptcy Attorneys focused on your debt relief
Get the Bankruptcy Help You Need in Prince George, VA
Debt can feel isolating and intimidating. Without the right tools and support, creditors and lenders take the upper hand against borrowers trying to get by.
Thankfully, debt is not the end for your financial well-being. Filing for bankruptcy helps millions of people get back on their feet each year.
Financial Freedom Legal’s experienced bankruptcy attorneys in Prince George,VA Veronica and Steve make it easy to determine if bankruptcy is the right journey for you. Our free consultations allow you to better understand your options and make the best choice for your financial future.
From there, our bankruptcy attorneys fight to either reorganize or resolve your debts. With your bankruptcy case in good hands, you can focus on your day-to-day finances and essentials. Fill out our form to see how our bankruptcy attorneys can help you in Prince George.
Your Bankruptcy Filing Options in Prince George, VA
Chapter 7 or Liquidation Bankruptcy
Chapter 7 Bankruptcy Lawyers
Also known as Liquidation Bankruptcy, Chapter 7 can be used to resolve debts that you’re unable to pay. When you wipe away those debts, your life is no longer on hold while creditors bombard you with calls and collections.
This bankruptcy chapter is applicable for debts such as credit cards, medical bills, payday loans, cash advances, internet loans, personal loans, and judgments.
In select cases, you can opt to liquidate your property in exchange for the resolution of your mortgage or a vehicle loan. In many situations, Financial Freedom Legal’s team of bankruptcy attorneys will help you hold onto your property when filing for Chapter 7. It’s our goal to help you find the best possible solutions.
Each bankruptcy filing is followed by the immediate relief of an automatic stay. During that period, your creditors have to stop any attempts at garnishments, warrants in debt, utility disconnection and collections. Contact us today to see if Chapter 7 bankruptcy is the next step on your journey to financial freedom.
Chapter 13 or Plan of Reorganization
Chapter 13 Bankruptcy Lawyers
Also known as Plan of Reorganization bankruptcy, Chapter 13 is an effective way to put your debt payments on your own terms. When you reorganize your debts through bankruptcy you’re able to spread out your payments over three to five years. After that period of monthly payments, your remaining debts are typically discharged in full.
While it’s a longer process, Chapter 13 is more versatile and offers you the opportunity to address a wider range of debts. It also does not involve any risk to your property, even if you’re using it as a means to help with mortgage payments or back-due rent.
In most cases, you can use Chapter 13 bankruptcy to stop creditors from garnishing your wages or completing collections attempts.
Unsure how to handle overwhelming debts? Contact Financial Freedom Legal for a free bankruptcy consultation to find out what option is best for you.
How Can Our Prince George Bankruptcy Attorneys Help You?
Foreclosure
There are several reasons a mortgage lender may attempt to foreclose on your home. The most common is that you have fallen behind on your payments.
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Financial Freedom Legal can help save your home from foreclosure. A bankruptcy filing will stop the foreclosure process immediately and allow you to catch up on your missed mortgage payments over a period of three to five years.
When you receive a foreclosure notice, it’s important that you act quickly because a bankruptcy must be filed prior to the foreclosure sale date in order to save your home.
If you are behind on your mortgage payments or if you have received a foreclosure notice, let us help with protecting your home!
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Garnishment
If a creditor receives a state court judgment against you for a debt that you owe to them, they will usually attempt to collect through a garnishment. A garnishment is a court order that requires money be withheld from your paycheck or bank accounts. The withheld funds will later be sent to the creditor to pay the judgement debt.
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You can protect your hard-earned money from garnishment by filing bankruptcy. This can stop creditors and get back previous payments.
If you are faced with garnishment, it’s important to act fast because there is a limited amount of time to demand the return of garnished funds. Our team can help protect your paycheck and bank accounts.
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Collections
You can stop your creditors from bothering you about debts by filing for bankruptcy.
Once a case is filed, your creditors will be forced to stop all collection actions. This means no more calls, letters, court dates, garnished wages or bank accounts, and no more dealing with those pesky collectors.
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If you are tired of creditors harassing you, give us a call and let our team deal with the collectors for you.
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Student Loan Debt
Although filing bankruptcy does not make most student loan debt go away, there are some limited circumstances in which some or all of your student debt might be eligible to be discharged.
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Additionally, filing bankruptcy can protect you from your student loan creditors by forcing them to stop sending you collection letters, making collection calls, threatening court action and garnishing your wages or bank accounts.
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Utility Disconnection
If you have fallen behind on your household utility bills, you can prevent electric, water, gas or other utility disconnection by filing bankruptcy.
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Additionally, if any of your utilities have already been disconnected, you can get your utilities reconnected immediately.
If you are facing electric, gas, water or other utility disconnection, let us help you keep your lights on.
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Repossession
Unpaid car loan payments can cause your lender to repossess your vehicle. You can stop the lenders from taking your vehicle by filing bankruptcy.
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If your vehicle has recently been repossessed, we may be able to help you get your vehicle back.
Financial Freedom Legal can help you take the next steps needed to protect your car.
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Evictions
In many cases, you can stop an eviction by filing for bankruptcy. You may also be able to catch up on missed rent payments through a chapter 13 bankruptcy and stay in your home. Or, if you wish to relocate, we can help you get out of your lease, deal with any missed rent payments and just move on.
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If you are behind on your rent payments, let’s chat about your options!
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Warrant in Debt
A warrant in debt is what creditors will file in Virginia state court to recover debts that they claim are owed to them. At the hearing on a warrant in debt, creditors will ask the court for a judgment against you for the amounts owed.
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This could allow creditors to garnish the funds from your wages or bank accounts.
After a bankruptcy case is filed, the creditor will be required to stop pursuing the warrant in debt, and you may not even need to go to the scheduled state court hearing. If the state court has already entered a judgment against you based on a warrant in debt, we can help prevent the creditor from collecting on it.
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Tax Debt
A bankruptcy filing can prevent taxing entities from placing a tax lien on your home or property, from garnishing your paycheck, and from taking money from your bank account.
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Some tax debt can be discharged in bankruptcy, while other tax debt, usually more recent debt, will need to be repaid. Our lawyers can help you set up a plan to pay back that debt over a period of three to five years.
If you are faced with tax debt, schedule a free consultation today so we can discuss your specific situation and set up a bankruptcy plan that addresses it.
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Overwhelming Debt
You can get rid of the stress of overwhelming debt and reclaim your peace of mind by filing bankruptcy.
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Bankruptcy can provide a great sense of relief because you will finally have a plan in place for dealing with all of your debt. It is a solution to a problem that can consume your thoughts and cause you to lose sleep at night.
If you are over the stress of debts and ready to get a fresh start, Financial Freedom Legal is here to help.
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Serving All of Prince George
Our bankruptcy attorneys will help residents throughout Prince George including near, but not limited to:
Fort Gregg-Adams, Garysville, Willow Hill, Brandon, Burrowsville, Newville, Disputana, Templeton, Kingwood, Youngblood Acres, South Prince George, Wildwood Farms, New Bohemia and more.
Answering Bankruptcy Lawyer in Prince George’s Frequently Asked Questions
Will I lose my house if I file bankruptcy?
No, it’s entirely possible to file bankruptcy and keep your home. For many people, protecting your home is the number one priority, and our team has 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 team is here to provide advice and help get you on the pathway to credit re-establishment and financial freedom.
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 community 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 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.
Will I lose my car if I file bankruptcy?
No, it’s 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 property.
If your car loan payments are behind, filing bankruptcy can actually help you prevent repossession and keep your car. It’s 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’s actually quite common for people to finance the purchase of vehicles after filing bankruptcy, whether it’s 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 team 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.
Prince George Bankruptcy Attorneys Building On-Going Partnerships
Financial Freedom Legal has an unwavering commitment to helping Prince George residents get a fresh start. Many lawyers are solely 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 will take the time to listen to your concerns, answer your questions and develop a customized strategy tailored to your unique needs. Start our holistic bankruptcy process today with a free consultation.
Local Prince George Bankruptcy Attorneys in the News
Financial Freedom Legal’s team of nationally recognized bankruptcy attorneys has been highlighted in local news for their ongoing commitment to serving the community.
With a focus on compassion and extensive expertise in bankruptcy law, the firm is dedicated to helping individuals in the Prince George area navigate challenging financial situations and achieve true financial freedom. Their work provides a vital service, offering a path towards a fresh start for those facing overwhelming debt.
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Your Partner for a Better Financial Future
The stress of collections attempts, overwhelming debts and financial certainty does not need to be something you navigate alone. You deserve an expert partner who is passionate about helping you find stability again.
Financial Freedom Legal handles your bankruptcy case and helps you find the best option for your unique situation. Once your case is underway, we take an extra step to help connect you with financial experts for the next leg of your journey to financial freedom.
Contact us today to see how bankruptcy can successfully address your debts in Prince George, Virginia.
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Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, Foreclosure, Repossession, Garnishment, Evictions, Collections, Warrant in Debt, Student Loan Debt, Tax Debt, Utility Disconnection, Overwhelming Debt,
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