Qualified Fredericksburg Bankruptcy Attorneys
Get back on your feet with help from our experienced and compassionate lawyers
Bankruptcy Services Designed to Start Your Financial Comeback
When you’re faced with overwhelming debts, it can be hard to think about anything but getting them paid off. Bankruptcy takes the power away from relentless creditors and gives it back to you. It can be the ultimate tool for settling your unpaid debts.
Depending on your financial needs, you can either resolve your debts through bankruptcy or restructure them into a payment plan that best serves you.
You can stop the countless calls and collections without having to pay off debts that you cannot afford.
Filing bankruptcy is a major financial decision and you should not have to go through the process without guidance. Financial Freedom Legal takes a holistic and compassionate approach to bankruptcy services in Fredericksburg.
Our lawyers are here to help you reach financial relief and set a path toward better overall fiscal wellness. Get everything started with a free consultation that walks you through the best bankruptcy options for getting relief and protecting your assets.
Find the Best Bankruptcy Chapter for Your Situation
Chapter 7 or Liquidation Bankruptcy
Do you wish all of your overwhelming debts could disappear? You may be able to utilize bankruptcy as a method of resolving your debts without any more payments to creditors.
If you’ve been struggling to make payments and don’t have a plan for what comes next, you can use bankruptcy to put a stop to collections attempts. As soon as you file you’re granted a reprieve from garnishments, warrants in debt, utility disconnections and collections.
Don’t stay stuck with unpayable debts. You can use Chapter 7 bankruptcy as a way to get a fresh start on debts such as:
- Credit cards
- Medical bills
- Payday loans
- Cash advances
- Internet loans
- Personal loans
- Judgments.
You may also be able to stop making payments on mortgages or car loans, but only if you are willing to turn your home or car over to the creditor. Chapter 7’s liquidation bankruptcy nickname is due to the fact that some filers may have to hand over property in return for unpaid debts.
For most filers, there are options to address your debts without losing property. Financial Freedom Legals help you expertly navigate Chapter 7 bankruptcy to protect your belongings and resolve your debts.
Chapter 13 or Plan of Reorganization
Chapter 13 transforms your creditor’s debt demands into reasonable monthly payments that last for a period of three to five years. At the end of your repayments, any remaining portions of your original debt will be discharged.
By creating a plan of reorganization, you can ensure you’re still able to afford essentials without defaulting on your loans.
Chapter 13 is a longer bankruptcy process but it allows you to:
- Protect your property
- Address a wider range of debts
- Catch up on missed mortgage or rent payments
- Modify loans
- Eliminate liens on your property.
When you file for bankruptcy, you will be granted an automatic stay that provides immediate protections from creditors.
Don’t let debts continue to pile up and weigh you down. Financial Freedom Legal helps you find fast and effective methods for stopping creditors and getting your finances on track.
Chapter 13 bankruptcy gives you the opportunity to take control of your finances again.
How Can Our Fredricksburg 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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When you receive a foreclosure notice, it is 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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If you are faced with garnishment, it is 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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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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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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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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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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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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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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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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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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Where to File Bankruptcy if You Live in Fredericksburg, VA
Fredericksburg is a middle ground between the Richmond, VA area and Washington, D.C. This well-established and historic city often gets claimed by a number of different regions.
Is Fredericksburg Central Virginia or Northern Virginia? When it comes to bankruptcy the choice is made for you, Fredericksburg residents file for bankruptcy in the Richmond Division of the United States Bankruptcy Court for the Eastern District of Virginia.
The Richmond Division of the bankruptcy court encompasses far more counties than the Alexandria, Norfolk or Newport News divisions. Including counties near Fredericksburg such as:
- Spotsylvania
- Caroline
- King George
Financial Freedom Legal’s experienced lawyers have court admissions for the United States Bankruptcy Court for the Eastern District of Virginia and specifically serve the Richmond Division, including Fredericksburg.
Answering Bankruptcy Lawyer in Fredericksburg’s Frequently Asked Questions
Will I lose my house if I file for 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 for 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.
Frederickburg’s Best Approach to Bankruptcy
Don’t let financial problems consume your life or spiral out of control. Bankruptcy gives you the chance to stop creditors, develop a plan for your payments or even completely resolve your debts.
You don’t have to navigate this process alone. Financial Freedom Legal’s experienced bankruptcy lawyers are there to help you through every step of the process. Even after your case, our team helps you connect with community partners prepared to help you fully reach financial freedom.
Start with a free consultation that helps us understand your concerns and find the best debt relief available to you. Contact us today to learn more about how you can put your finances back on your terms.
Fredericksburg 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,
Where We Help With Bankruptcy
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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