Halt Money Collection with Bankruptcy Lawyers in Richmond, VA

Stop the Collection Calls and Regain Financial Security

Being continuously hassled for money that is owed can be a major source of frustration and strain.

If you are faced with creditors constantly calling or attempting to collect from you in other ways, or if you haven’t been able to make payments on your debts, it may be time to file for bankruptcy.

Filing bankruptcy eliminates the requirement for you to pay certain debts. Once your case is filed, a bankruptcy shield known as the automatic stay immediately stops your creditors from taking any further action to collect a debt from you.

This means there will be no more calls, letters, court dates, garnishments, or other things that creditors use to harass you for money. Financial Freedom Legal can help you get rid of those debts, stop the collection letters and calls, and begin your journey to financial freedom.

Choosing the Right Type of Bankruptcy for You

There are two forms of consumer bankruptcy – Chapter 7 and Chapter 13. Both help you regain your financial stability in different ways.

In Chapter 7, you may be able to wipe out many types of debts without any repayment. This can include:

• Medical bills
• Credit card bills
• Personal loans
• Utility bills
• Some tax debts
• Vehicle deficiencies (a balance owed for a vehicle you no longer have)
• Mortgage deficiencies (a balance owed for a house that you no longer have)

In Chapter 13, you would make one payment each month, usually over a period of three to five years. This could cover an even larger variety of debts, including all of the debts listed under Chapter 7 and:

• Any mortgage arrears
• Rent arrears
• Furniture loans
• Vehicle loans