Expert Bankruptcy Lawyers Serving Dinwiddie, VA
Attorneys focused on debt relief to help you achieve financial freedom
Get a Team of Bankruptcy Lawyers Dedicated to Your Financial Success
Dealing with debt can feel intimidating, especially when it’s become unmanageable—leaving you feeling stuck and alone. What’s worse is that creditors and lenders often take advantage of borrowers who don’t know where to turn or what tools are available.
But with the right support and legal professionals on your side, you’re able to take a deep breath and start fresh.
Financial Freedom Legal specializes in helping clients drowning in debt swim their way out with bankruptcy. Bankruptcy has been used as a financial tool by millions, helping them better manage their situations and get back on their feet.
Our expert bankruptcy attorneys, Steve and Veronica, are well-known for their expertise and offer free consultations to see if bankruptcy is right for you. If you choose to pursue filing either Chapter 7 or Chapter 13 bankruptcy, Financial Freedom’s team will fight to help you resolve or reorganize your debts depending on which Chapter is best.
With your case in good hands, you’re able to focus on your daily essentials and regain hope for your financial future.
Fill out our form to see how our bankruptcy attorneys can help you in Dinwiddie.
Your Bankruptcy Filing Options in Dinwiddie, VA
Did you know there isn’t a one-size-fits-all approach to bankruptcy? Different kinds of debt are eligible for different kinds of relief. Financial Freedom Legal’s Central VA bankruptcy lawyers specialize in both Chapter 7 and Chapter 13 bankruptcy, which are the most common types of filings in Dinwiddie.
Your unique situation and your future financial goals heavily sway how you should approach bankruptcy. Veronica and Steve are trustworthy attorneys who will evaluate your debt and guide you through your best course of action.
Chapter 7 or Liquidation Bankruptcy
Chapter 7 Bankruptcy Lawyers
Chapter 7 Bankruptcy is aimed at giving you a clean slate.
Debts such as credit cards, medical bills, payday loans, cash advances, internet loans, personal loans, and judgments can all be discharged—giving you the relief you need to focus on other financial obligations.
As soon as you file, an automatic stay is put on your debt. This requires all of your creditors to immediately stop their debt collection efforts, whether that’s collections, garnishments, warrants in debt or utility disconnections.
Chapter 7 is also known as Liquidation Bankruptcy because in some cases filers can opt to liquidate their property in exchange for the resolution of their mortgage or vehicle loan. However, some filers may be required to do this as part of the repayment of their debts.
In many cases, Financial Freedom Legal’s team of bankruptcy attorneys will help you hold onto your property. It’s our goal to assist you in finding the best possible solutions to set you up for long-term success. Schedule a free consultation to see if Chapter 7 bankruptcy is right for you.
Chapter 13 or Plan of Reorganization
Chapter 13 Bankruptcy Lawyers
As its nickname, “Plan of Reorganization bankruptcy” suggests, Chapter 13 lets you reorganize your debts and disperse your payments over a period of three to five years. After which, the remaining debts are usually discharged in full.
Chapter 13 is a longer process than Chapter 7 bankruptcy, but it does allow you to reorganize a wider array of debts. Plus, it does not pose any risk to your property, even if you’re using this method to help with mortgage payments or back-due rent.
Additionally, this bankruptcy tool stops creditors from garnishing your wages or finalizing collections attempts.
If you’re unable to handle your debts, contact Financial Freedom Legal for a free bankruptcy consultation to find out if Chapter 13 is the right route for you.
Building On-Going Partnerships for Your Long-term Financial Success
Many lawyers stop assisting their clients once their cases are closed. Our goal is to help you achieve financial freedom, and we know that doesn’t always happen right after a bankruptcy case. That’s why our team listens to you and creates a customized strategy for your next steps such as:
- Financial planning
- Getting approval for new loans
- Home buying
- Vehicle purchases
- Rebuilding your credit score
Anything out of our circle of influence can be handled with the community partners we’ve developed—giving you all the tools you need.
Financial Freedom’s holistic approach guides you toward a life of better long-term financial decisions so you don’t have to endure the hardships of debt once again.
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.
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
Lawyers Guiding Dinwiddie, VA Residents Through the Bankruptcy Process
Collection calls or notices, staggering debts and financial instability don’t have to be just yours to bear. Our expert bankruptcy attorneys can help climb out from under those challenges and get back on top.
Financial Freedom Legal takes care of your bankruptcy case with your well-being in mind and passionate fights for your future. From finding which Chapter is right for you to providing post-bankruptcy guidance, Steve and Veronica are here for you.
Contact us today to see how bankruptcy can be the financial tool you need for managing 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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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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