Client-Centered Bankruptcy Lawyers Serving Essex, VA
Trustworthy Attorneys ready to help you improve your personal finances through bankruptcy
Take Control of Your Debt and Stop Creditor Calls
Overwhelmed by debt? Are creditor calls relentless? Without the proper support and tools, escaping debt can feel impossible. Creditors swoop in during times of struggle and try to take everything they can.
Fortunately, millions have used bankruptcy as a lifeline to navigate debt and creditor harassment. It’s a proven tool for conquering unmanageable debt and giving you the breathing room needed to move towards financial stability.
With a seasoned legal team on your side, you’ll receive the guidance needed to improve your personal finances through bankruptcy.
Financial Freedom Legal’s trusted bankruptcy attorneys, Steve and Veronica, are renowned for their work in Essex and offer free consultations. Our team will assess if bankruptcy is a good fit and which chapter aligns with your unique situation.
You deserve honest feedback and empathetic advice to support your financial journey with either Chapter 7 or Chapter 13 bankruptcy, helping you resolve or reorganize your debt.
Get the help needed to focus on other important aspects of your life. Fill out our form for a free consultation to see how our bankruptcy attorneys can help you in Essex, VA.
Your Bankruptcy Filing Options in Essex, VA
Chapter 7 Bankruptcy Attorneys
Chapter 7 bankruptcy, also known as Liquidation Bankruptcy, helps people get a fresh start by resolving unpaid debts.
Debts such as credit cards, medical bills, missed rent, payday loans, cash advances, personal loans or judgments may all be eligible for financial relief under Chapter 7 bankruptcy. With your debt being resolved, you can now focus on other life needs that were put on hold.
Once you file bankruptcy, an automatic stay is put in place, stopping any collection efforts right away. Creditors are required to stop all attempts at collections, garnishments, warrants in debt or utility disconnections.
In certain cases, you can choose to liquidate your property in exchange for the resolution of a mortgage or vehicle loan. Some filers may be required to take this step as part of their debt repayments. Financial Freedom Legal helps you carefully navigate Chapter 7 and works to protect your property.
Our ultimate goal is to assist you with the best possible solution for long-term financial results. Schedule a free consultation to see if Chapter 7 bankruptcy is the right solution for you.
Chapter 13 Bankruptcy Lawyers
Chapter 13 bankruptcy, also known as Reorganization Bankruptcy, helps you repay debts on your terms.
Filing for Chapter 13 bankruptcy also halts collection attempts as you develop a repayment plan based on your income and debts, considering what you can realistically afford.
It can take longer compared to Chapter 7. You’ll have three to five years to repay your debts, and in most cases, your remaining debts can be discharged in full.
Many people choose this type of bankruptcy as a way to reorganize a wider variety of debts and protect their valuable assets. When you file Chapter 13, you can use the reorganization period to catch up on other bills such as rent and/or to eliminate liens on your personal property.
Take control of your debt. Contact Financial Freedom Legal for a free bankruptcy consultation to determine if Chapter 13 is suitable for you.
How Can Bankruptcy Help You in Essex, VA?
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.
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.
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.
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.
Money Collection
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.
Eviction
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.
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.
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.
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.
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.
Comprehensive Support for a Brighter Financial Future
Financial Freedom Legal understands that financial recovery extends beyond filing for bankruptcy. We collaborate with financial experts to provide comprehensive support to help you manage other aspects of your finances, such as:
- Financial planning
- Getting approved for new loans
- Home buying
- Vehicle purchases
- Rebuilding your credit score
Steve and Veronica of Financial Freedom Legal utilize a holistic approach to enhance your financial well-being. Employing a variety of financial tools is the optimal way to ensure you overcome your debt and continue to thrive afterward.
Helping Essex, VA Through Bankruptcy
After contemplating using the service of Financial Freedom Legal, and consulting with Veronica I decided that my circumstances didn’t necessarily require going this particular route, but if I ever find myself going in that direction Veronica and Financial Freedom Legal will be the company that I will do business with.
Bankruptcy Questions
Will I lose my house if I file bankruptcy?
No, it is 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 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 property.
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 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.
Considerate and Understanding Bankruptcy Attorneys Serving Essex, VA Residents
Regain control of your debts and prevent spiraling debt with legal assistance from Essex’s trusted bankruptcy attorneys. Our lawyers provide the support needed to feel empowered in your financial freedom.
Our comprehensive approach gives you access to the tools and resources needed to help you emerge from debt and avoid future financial struggles.
Steve and Veronica will collaborate with you to find the optimal solution for your unique circumstances.
Contact us today to see how bankruptcy can be the financial tool you need to better manage overwhelming debt.
Areas We Serve
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
Get a Fresh Start with Bankruptcy in Essex, VA
Are you overwhelmed by debt and struggling to keep up with creditor calls? Bankruptcy can provide a much-needed lifeline, offering a fresh start and the opportunity to regain control of your finances.
At Financial Freedom Legal, our experienced bankruptcy attorneys, Steve and Veronica, are dedicated to helping you navigate the complexities of bankruptcy and find the best solution for your specific situation. We offer free consultations to assess your eligibility and discuss the potential benefits of Chapter 7 or Chapter 13 bankruptcy.
Contact us today to stop creditor harassment, protect your assets and address your debts.
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,
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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
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