Bankruptcy Lawyers in Emporia, Virginia
Attorneys Focused on Your Financial Well-Being
Conquer and Resolve Your Overwhelming Debts
Car payments, student loans, mortgages and other debts are all a normal part of life. However, when those debts become unmanageable it can be nerve-racking. Unpayable debts cut into your ability to afford your essentials, maintain a healthy credit score and pay off monthly bills.
As the debts add up and the creditors come knocking, it can feel isolating. You shouldn’t have to wade through those harassing calls, emails or letters indefinitely. Instead, get the support you need today.
Stop greedy lenders from pulling from your hard-earned wages or threatening to foreclose on your property. Bankruptcy gives you the defense and fresh start you need to overcome unpaid debts.
By filing for bankruptcy, you’re able to stop creditors in their tracks. While they’re on hold, you can find the best ways to pay or resolve your debts.
While the relief is worth it, the journey requires a dedicated and helpful partner. Financial Freedom Legal’s team, Veronica and Steve, have decades of combined bankruptcy law experience in Emporia. Our expert bankruptcy lawyers are by your side for every step of the bankruptcy process, even after your case is resolved.
Regain your financial freedom, starting with a free bankruptcy consultation today.
Choosing the Right Bankruptcy Chapter in Emporia, VA
Chapter 7 Bankruptcy Attorneys
Chapter 7 bankruptcy is commonly referred to as liquidation bankruptcy, because it can involve the sale of your assets to repay creditors. However, you don’t have to lose your property in order to resolve your debts.
Financial Freedom Legal works to help you understand Chapter 7 and how to protect your home, vehicle and more.
By resolving your debts through bankruptcy, you’re relieved from making payments and given the chance for a fresh financial start.
This form of bankruptcy can help Emporia residents overcome debts such as credit card debt, medical bills, payday loans, cash advances, internet loans, personal loans, and judgments.
Chapter 13 Bankruptcy Lawyers
Frequently referred to as plan of reorganization bankruptcy, Chapter 13 allows you to restructure your monthly debt payments.
Instead of finding a way to resolve debts, you’re able to create a repayment plan that typically lasts 3-5 years. This allows you to repay a portion of your debts during that time and resolve anything left at the end of the designated period.
This helps you hold onto your important assets while still finding an affordable way to repay your debts.
Financial Freedom Legal works to help you navigate the bankruptcy process, manage your debts and rebuild your credit.
How Can Bankruptcy Help You in Emporia?
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.
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.
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.
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.
Money Collection
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.
Eviction
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.
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.
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.
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.
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.
Immediate Relief with Bankruptcy in Emporia, VA
An automatic stay is by far one of the most powerful protections granted during bankruptcy. You know those annoying calls, emails and garnishments from creditors? They come to an immediate halt when your bankruptcy case is filed by Financial Freedom Legal.
This legal injunction presses pause on collections attempts and provides assets protections right away. It can require your utility company to resume services and can put a pause on foreclosure proceedings.
But bankruptcy is more than just the breathing room offered by an automatic stay. It goes further by either resolving your debts or giving you a newly restructured payment plan that’s achievable and affordable.
Use bankruptcy to help regain your financial peace of mind. This legal tool allows you to focus on rebuilding your credit, effectively manage your finances, and reduce your stress.
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
Find Out if Bankruptcy is Right for You in Emporia, VA
Ultimately, whether bankruptcy is the right option for you depends on your unique financial situation, debt burden, and goals. Consult with the qualified bankruptcy attorneys at Financial Freedom Legal to learn your options and develop a debt relief strategy.
Our free consultations help you find solutions for your specific financial concerns. Don’t hesitate to ask our compassionate bankruptcy lawyers for help.
You can speak with us over the phone, check us out virtually, or come meet with us in person at our office about an hour drive from Emporia. Fill out our form today to take the first step towards addressing your debts.
Richmond 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,
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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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