Trusted Bankruptcy Attorneys Serving Charles City, VA
Your Legal Partners in Financial Recovery
Overwhelmed by Debt and Relentless Creditor Calls?
If mounting debt and non-stop creditor harassment are causing you sleepless nights, you’re not alone. Creditors often take advantage of people with outstanding loans or bills. But there’s a proven solution that has helped millions regain financial control: bankruptcy.
Bankruptcy provides a fresh start, empowering you to take charge of your finances and forge a more secure future. Filing immediately halts collection efforts, giving you the space and time to rebuild.
Read More + A skilled legal team can guide you through the complexities of bankruptcy, ensuring a successful outcome. At Financial Freedom Legal, our experienced bankruptcy lawyers are dedicated to your financial well-being. We offer free consultations, even outside of regular business hours, to discuss your situation and explore whether bankruptcy is the right path for you. We offer transparent, compassionate guidance, helping you understand your options under Chapter 7 or Chapter 13 bankruptcy—whether that means eliminating debt or creating a manageable repayment plan. Take that first step towards financial freedom. Contact us today for a free consultation to learn how we can help you navigate bankruptcy in Charles City, VA. Read Less -
Your Bankruptcy Options in Charles City, VA
Chapter 7 Bankruptcy: A Clean Slate
Chapter 7, also known as Liquidation Bankruptcy, is designed to discharge debts you can’t realistically repay, such as credit cards, medical bills, payday loans, and personal loans. This allows you to move forward unburdened by these debts, focusing on other important aspects of your life.
Upon filing, an automatic stay immediately takes effect, prohibiting all collection actions, including wage garnishments and utility disconnections.
While some assets may be surrendered in exchange for debt relief, our primary goal is to help you retain as much of your property as possible. Schedule a free consultation to explore whether Chapter 7 aligns with your needs.
Chapter 13 Bankruptcy: Restructure and Repay
Chapter 13, known as Reorganization Bankruptcy, offers a structured way to repay your debts over time. Filing puts an immediate stop to collection efforts while you develop a realistic repayment plan based on your income and expenses. Typically lasting three to five years, this plan allows you to gradually repay your debts, with the potential for remaining balances to be discharged.
Although Chapter 13 takes longer than Chapter 7, it can protect more of your assets and address a wider range of debts. Many individuals utilize Chapter 13 to catch up on mortgage payments, car loans, or eliminate liens on their property.
Don’t let debt dictate your life. Reach out to Financial Freedom Legal in Charles City to discuss whether Chapter 13 could be the right solution for you.
How Bankruptcy Can Help You:
Avoid Foreclosure
Struggling with mortgage payments? Bankruptcy can halt foreclosures and give you the chance to reorganize payments.
Stop Vehicle Repossession
Is your lender threatening to repossess your vehicle? You can keep your vehicle and get back on track with payments by filing for Chapter 13 bankruptcy.
Halt Wage Garnishment
Don’t lose your hard-earned money to aggressive debt collections. Keep paychecks in your pocket by filing for bankruptcy.
Resolve Tax Debt
Tax code is overwhelming and the government has more freedom to collect on unpaid debts than other lenders. Get ahead of tax debts by filing for bankruptcy.
End Collection Harassment
When you’re overwhelmed by creditor calls, emails, and letters, it’s time to seek help. Bankruptcy not only halts debt collections but also provides debt settlement options.
Prevent Eviction
Rent is typically one of your largest expenses each month. With so much of your income going towards housing, it can be easy to fall behind. Don’t let missed rent leave you without a home.
Address Warrant in Debt
Don’t be overwhelmed by court judgments. Stand up to creditors who want to force payments you can’t handle. Opt for bankruptcy to put an end to their tactics and potentially erase your court debt.
Maintain Utility Services
When the utility bills start to pile off, you don’t want your services to start shutting off. Keep the lights and settle missed payments through bankruptcy.
Manage Student Loans
Your student loans don’t need to be a constant struggle. Financial Freedom Legal can assist you in filing for bankruptcy to put a stop to collections.
Conquer Overwhelming Debt
Are you ready to unlock financial freedom? You deserve the relief and peace of mind that debt liquidation or reorganization can bring you.
Helping Charles City, 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.
Comprehensive Support for Your Financial Future
Financial Freedom Legal recognizes that true financial recovery extends beyond bankruptcy. We partner with financial experts to provide a holistic approach, empowering you to build a secure future:
- Financial Planning
- Loan Assistance
- Guidance on Home Purchases
- Support with Vehicle Purchases
- Credit Score Improvement
Our commitment is to your long-term financial well-being. We leverage a wide array of tools and resources to not only help you overcome your immediate challenges but also equip you for lasting success.
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.
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
Your Trusted Bankruptcy Lawyers in Charles City, VA
Regain control of your finances and start living life on your terms. Our experienced bankruptcy attorneys are here to guide you every step of the way.
We understand that every situation is unique. Your case will be handled with care and dedication, working tirelessly to find the best possible solution for your individual needs.
Contact us today to explore how bankruptcy can be the key to unlocking a brighter financial future.
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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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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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