Passionate Bankruptcy Attorneys Serving Amelia, VA
Dedicated Amelia attorneys fighting for your debt relief and improved finances
Put an End to Overwhelming Debt with Expert Amelia Bankruptcy Attorneys
Being in over your head with debt is a scary feeling—like there’s no way out. Unfortunately, creditors or lenders often take advantage of debtors in these situations.
But millions of people have used a financial solution to help them get back on their feet.
Bankruptcy is a well-known tool for getting control of spiraling debt and providing a pathway toward relief. Filing for bankruptcy can put a stop to debt collection efforts and give you the breathing room you need to tackle your personal finances.
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With the right legal team on your side, you can make the best of a hard situation. Financial Freedom Legal’s experienced bankruptcy attorneys will help you determine if bankruptcy is right for you and then work with you to improve your financial situation.
Our bankruptcy lawyers in Amelia, Steve and Veronica, are well-known for their work and offer free consultations to help you decide if bankruptcy is the right path. They provide honest feedback and compassionate guidance for your journey toward financial freedom. If you do choose to pursue filing Chapter 7 or Chapter 13 bankruptcy, Financial Freedom’s legal team will help you resolve or reorganize your debts depending on which bankruptcy option works best.
Ease your financial frenzy and focus on other important areas of your life when you get control of your personal finances.
Fill out our form for a free consultation to see how our bankruptcy attorneys can help you in Amelia.
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Your Bankruptcy Filing Options in Amelia, VA
Chapter 7 Bankruptcy
Aimed at helping you start fresh, Chapter 7 bankruptcy can be used to resolve debts you’re unable to pay—which is why it’s also known as Liquidation Bankruptcy.
Debts such as credit cards, medical bills, payday loans, cash advances, internet loans, personal loans or judgments can be eligible for Chapter 7 bankruptcy relief. After your debt has been resolved, you’re able to put time into other needs and build up your financial future.
Once you file, an automatic stay is put on your debt—meaning all collection efforts will stop immediately. Creditors are required to halt collections, garnishments, warrants in debt or utility disconnections.
In select cases, you can opt to liquidate your property in exchange for the resolution of a mortgage or vehicle loan. Yet some filers may be required to do this as part of the repayment of debts.
Financial Freedom Legal’s team of bankruptcy attorneys can help you hold onto your property. Our goal is to assist you in finding the best possible solution for long-term financial success. Schedule a free consultation to see if Chapter 7 bankruptcy is right for you.
Chapter 13 Bankruptcy
Also known as Plan of Reorganization bankruptcy, Chapter 13 helps you pay for your debts on your own terms.
When you choose to file for Chapter 13 bankruptcy, collection attempts will be halted as you develop a repayment plan based on your income and debts—making sure you can afford it. You’ll have three to five years to repay your debts and then the remaining debts can often be discharged in full.
While Chapter 13 is a longer process compared to Chapter 7, it does allow you to reorganize a wider variety of debts and also protects your property. Catch up on mortgage or rent payments and/or eliminate liens on your personal property when you choose Chapter 13.
Debts becoming too much to handle? Contact Financial Freedom Legal for a free bankruptcy consultation to find out if Chapter 13 is the right bankruptcy solution for you.
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 Amelia
Our bankruptcy attorneys will help residents throughout Amelia including near, but not limited to:
Amelia Court House, Ammon, Chula, Clementown Mills, Deatonville, Denaro, Earls, Fieldstown, Giles Mill, Haw Branch, Jetersville, Lodore, Mannboro, Maplewood, Masons Corner, Paineville, Rodophil, Scotts Fork, Truxillo, Wilsons Corner, Winterham
Amelia Bankruptcy Attorneys Supporting You with On-Going Partnerships
Financial Freedom Legal’s team of attorneys in Amelia understand that debt recovery isn’t a quick and easy process. It takes time and effort to rebuild your life and confidently move forward. And even after you bounce back, you’ll need to utilize financial tools and resources to help prevent another debt storm from sweeping in.
Our attorneys partner with you throughout the process to ensure every detail is covered—and is there for you after your case is closed. We’ll strategize with you for the next steps such as:
- Financial planning
- Getting approval for new loans
- Home buying
- Vehicle purchases
- Rebuilding your credit score
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Veronica and Steve of Financial Freedom Legal lead with a holistic approach to managing financial hardships because there isn’t always a simple solution. Using a variety of fiscal tools and resources available is the best way to come out on top of overwhelming debt.
Our lawyers in Amelia take pride in guiding you toward a life without troubling debts and collections.
We even partner with other financial experts outside of bankruptcy law to provide you with a full scope of assistance and relief.
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Helping Amelia, 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.
Amelia 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.
Helping Amelia, VA Residents Find a Better Financial Future
The stress of staggering debts and collections, on top of life’s uncertainty, is tough to navigate alone. You need an experienced team to partner with you every step of the way so you’re able to breathe easily again.
Financial Freedom Legal’s trusted Amelia bankruptcy lawyers handle your case with care. Helping you break free from debt and selfish creditors/lenders for a better future is our passion.
Our holistic legal approach ensures that you’re able to make the best of your financial situation and improve your personal finances long-term.
Contact us today to see how bankruptcy can be the financial tool you need for managing debt.
Local Amelia 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 Amelia 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.
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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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