Experienced Bankruptcy Lawyers in Hanover County, VA
Get the support you need to overcome adversity and reach financial freedom
Don’t Face Debt and Creditors on Your Own: Get Help From Bankruptcy Lawyers in Hanover, VA
When your debts feel impossible to pay, it can seem like there is no way out. Creditors will harass you and convince you that there is no option but to pay them right away. They’re focused on getting their money, regardless of how it impacts you.
But, there are ways to protect yourself from pushy collectors. You can wipe away your debts or create a better structure for repaying them with the help of one powerful tool and a strong team of lawyers.
Filing bankruptcy unlocks immediate relief as well as opportunities for long-term improvements to your monetary situation.
Financial Freedom Legal stands with you throughout the entire bankruptcy process. Expert bankruptcy lawyers in Hanover, VA, Veronica and Steve have over 20 collective years of bankruptcy law experience. Our team is dedicated to helping you regain your bearings and sustainably regrow your finances.
Understanding Your Bankruptcy Options in Hanover
Chapter 7 or Liquidation Bankruptcy
Overwhelming debts can weigh on your life, tank your finances and increase stress. Chapter 7 or Liquidation bankruptcy can help free you from these payments by fully eliminating certain types of debts.
You can stop paying debts such as credit cards, medical bills, payday loans, cash advances, internet loans, personal loans, and judgments.
When you file for Chapter 7 bankruptcy there is instant relief. Your creditors are blocked from continuing to garnish your wages, sending you a warrant in debt, disconnecting your utilities or taking other actions to collect from you.
Chapter 7 may not be the best option for everyone. There is a risk of property loss in Chapter 7. There are laws known as exemptions that protect property that people own up to a certain amount. In the event that there is equity in a person’s property that exceeds the amount that can be protected, there is a risk of loss if you file under chapter 7.
There are also income restrictions that may disqualify some higher earners from filing under Chapter 7.
Our bankruptcy lawyers in Hanover, VA will review your individual situation and ensure that your property could be protected before moving forward with Chapter 7. Our attorneys will also help you explore alternate options if Chapter 7 is not the best option for you.
Financial Freedom Legal is your partner through the entire Chapter 7 process. Starting with determining if this is the best next step for you. Let our expert bankruptcy lawyers in Hanover fight to protect your property and guide you to a better financial future.
Chapter 13 or Plan of Reorganization
When you owe money, creditors want to put you on their timeline. You can get stuck in a cycle of needing to make payments that are just out of reach. It’s often not that you can’t make payments, it’s just difficult to make them all or pay high amounts of money at a time.
Chapter 13 bankruptcy gives you the chance to put things back on your terms. Often referred to as “plan of reorganization bankruptcy,” filing for Chapter 13 restructures your payments and often allows you to pay less than the original amount owed to creditors.
You would be given the opportunity to make monthly payments over a three to five year period. At the end of that time, anything left unpaid would be discharged.
Chapter 13 takes longer than Chapter 7 but does offer advantages such as:
- Protecting your property from creditors
- Addressing a broader range of debts
- Catching up on any missed mortgage payments and back-due rent
- Modifying loans or eliminating liens on your property
Financial Freedom Legal’s bankruptcy lawyers in Hanover, VA are dedicated to stopping creditors from threatening your property and wages. Call our experienced attorneys to learn more about your rights and your possible paths to financial freedom.
How Can Our Hanover Bankruptcy Lawyers Help You?
Foreclosure
Are missed mortgage payments putting your home at risk of foreclosure? You owe it to yourself to try to protect your property and source of shelter. Bankruptcy is a powerful tool you can use to help stay in your home.
With help from Financial Freedom Legal you can file for Chapter 13 bankruptcy and create a plan to catch up on your mortgage payments that works for you.
Garnishment
If you’re trying to pay off debts and cover your essential costs, the last thing you need is less money coming into your bank account each month. Creditors are relentless and for certain owed debts, they may start garnishing wages straight from your paychecks.
Put a stop to this by filing bankruptcy. Financial Freedom Legal can help you use bankruptcy to regain your footing, get your money back and find a fair solution for your financial problems.
Collections
Are creditors constantly calling, emailing, and writing to you about your unpaid debts? Do you need to put a stop to their contacting and garnishing? Bankruptcy can halt money collections.
Financial Freedom Legal will help you file and renegotiate your debts so you can stop the collection calls for good.
Warrant in Debt
Is your creditor trying to take you to court over unpaid debts? Take action before a creditor can ask the court for a judgment against you or garnish your money.
Filing bankruptcy requires creditors to stop and can even completely cancel your scheduled court date. Financial Freedom Legal’s attorneys help you fight back and prevent creditors from collecting your money.
Student Loan Debt
It can be difficult to eliminate student loan debt but when payments become too much, bankruptcy may still be a great option for finding relief. Filing bankruptcy can protect you from collection letters, collection calls, court action and garnishments to your wages or bank accounts.
Financial Freedom Legal helps you navigate this especially complex form of loans.
Repossession
When you fall behind on a car loan your lender can swoop in and repossess your vehicle. Without a car in Hanover, it can be increasingly difficult to meet needs such as getting to work and the store.
Financial Freedom Legal’s bankruptcy lawyers in Hanover, VA help you find ways to keep your vehicle and reevaluate your payments.
Tax Debt
Do you dread tax season each year? Are you behind on making required payments? It might be time to consider reorganizing these debts.
Find a solution for paying off or discharging your tax debts with help from Financial Freedom Legal. Our expert bankruptcy lawyers in Hanover help you determine the best bankruptcy path for resolving your tax debts.
Evictions
Falling behind on rent can be stressful and seem like the end of having reliable housing. Don’t let your landlord make you feel powerless against them.
You can use bankruptcy to fight for your lease and catch up on missed payments. Financial Freedom Legal walks you through the Chapter 13 bankruptcy process and can find you opportunities for holding onto your housing.
Utility Disconnection
Running water and operational electricity are key to meeting your basic needs. These essential services can be upended by utility providers when bills go unpaid.
If you file for bankruptcy, the utility companies will have to immediately reconnect your services. Financial Freedom Legal partners with you to keep your lights on.
Overwhelming Debt
Are your debts ruining your peace of mind and encroaching on your life? You deserve relief and a chance at a financial comeback. Bankruptcy allows you to discharge or reorganize your debt and get back on track.
If you are fed up with debts and ready to get a fresh start, Financial Freedom Legal’s attorneys are here to help.
Serving All of Hanover
Our bankruptcy attorneys will help residents throughout Hanover including near, but not limited to:
Westwood, Woodlawn, Alexanders Corner, Appersons Store, Horseshoe, Old Church, Studley, Mechanicsville, Atlee, Ashcake, Atlee Ridge, Poindexters, Wickham Crossing, Elmont, Ashland, Ashland Mill, Doswell, Gilman, Rockville, Montpelier, Beaverdam
Hanover Bankruptcy Attorneys Supporting You with On-Going Partnerships
Financial Freedom Legal has an unwavering dedication to helping Hanover residents get a fresh start. Many bankruptcy lawyers are solely focused on your case and not your overall financial needs. Bankruptcy is part of the process of recovering from financial debts but not the last step in your journey.
Once you’ve put a stop to garnishments and collections and found the right path for resolving or reorganizing your debt, it’s time to consider next steps such as:
- Financial planning
- Getting approval for new loans
- Home buying
- Vehicle purchases
- Rebuilding your credit score
Our experienced bankruptcy lawyers in Hanover, VA will take the time to listen to your concerns, answer your questions, and develop a customized strategy tailored to your unique needs. Start our holistic bankruptcy process today with a free consultation.
Answering Bankruptcy Lawyers in Hanover’s Frequently Asked 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.
The Fresh Start You Need to Regain Control of Your Finances in Hanover
You do not have to face financial hardship alone. Some of even the most pressing and stressful debts can be addressed by filing bankruptcy.
Get back on track by discharging or restructuring your difficult debts. Financial Freedom Legal has a team of Hanover county bankruptcy lawyers with years of experience helping clients through bankruptcy.
Partner with our attorneys to find a bankruptcy plan and gain connections designed to help you conquer long term money problems. Call us at 804-FREEDOM to set up a free consultation and begin your journey to financial freedom.
Local Hanover Bankruptcy Lawyers in the News
Financial Freedom Legal’s team of nationally recognized bankruptcy attorneys has been highlighted in local news for their 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 Hanover 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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