Caring Bankruptcy Lawyers Serving King and Queen County, VA
Attorneys helping you find your path toward financial freedom
Put an End to Creditor Calls and Tackle Spiraling Debt with Reliable Bankruptcy Lawyers
Struggling with debt can feel like an uphill battle. Not to mention the countless calls from creditors or lenders that only add to the pressure of your financial troubles.
Billions of people have found a way to halt those pesky calls and conquer their debt with relief from bankruptcy.
Bankruptcy is a common tool for handling spiraling debt and giving you a chance at financial freedom again. Filing for bankruptcy can put a stop to debt collection efforts and give you breathing room to tackle your personal finances.
Financial Freedom Legal’s team of dependable bankruptcy lawyers, Steve and Veronica, are well known for their work in King and Queen County, VA. By offering free consultations, our team is able to help determine if bankruptcy is right for you and which chapter works best for your situation.
We’ll provide honest feedback and empathetic guidance to assist you in your financial journey with either Chapter 7 or Chapter 13 bankruptcy—helping you resolve or reorganize your debt.
Get the help you need to focus on improving your personal finances and other areas of your life.
Fill out our form for a free consultation to see how our bankruptcy attorneys can help you in King and Queen County, VA.
Your Bankruptcy Filing Options in King and Queen County, VA
Chapter 7 Bankruptcy Attorneys
Also known as Liquidation Bankruptcy, Chapter 7 Bankruptcy can be a great tool for resolving debts you’re not able to pay.
Debts such as credit cards, medical bills, payday loans, cash advances, internet loans, personal loans or judgments may be eligible for financial relief with Chapter 7 bankruptcy. Once your debt is resolved, you’re in a financial position better suited to take care of other needs you had to put on hold while facing the pressure of your debts.
Once you file bankruptcy, an automatic stay is put on your debt, which stops collection efforts immediately. Creditors are required to stop all attempts for collections, garnishments, warrants in debt or utility disconnections.
In some instances, you can choose to liquidate your property in exchange for the resolution of a mortgage or vehicle loan. However, some filers may be required to take this step as part of their debt repayments.
But Financial Freedom Legal works to help you hold onto your property. Our ultimate goal is to assist you with the best possible solution for long-term financial results. Schedule a free consultation to see if Chapter 7 bankruptcy is right for you.
Chapter 13 Bankruptcy Lawyers
Chapter 13 Bankruptcy, also known as Plan of Reorganization Bankruptcy, allows you to pay debts on your own terms.
After filing for Chapter 13 bankruptcy, you’re still able to halt debt collection attempts while you’re developing a repayment plan based on your income and debts so you only pay what you can actually afford. You’ll have three to five years to repay your debts and in most cases, any remaining debts can then be discharged in full.
An important difference with Chapter 13 is that it does take longer compared to Chapter 7. But this method allows you to reorganize a larger array of debts and protects your important assets. Many people who file Chapter 13 bankruptcy use the reorganization as a chance to catch up on other bills such as rent and/or to eliminate liens on their personal property.
You don’t have to fight by yourself, our expert bankruptcy attorneys can help you tackle your debt. Contact Financial Freedom Legal for a free bankruptcy consultation to find out if Chapter 13 is the right bankruptcy solution for you.
How Can Bankruptcy Help You in King and Queen County, VA?
- Foreclosure
- Repossession
- Garnishment
- Tax Debt
- Money Collection
- Eviction
- Warrant in Debt
- Utility Disconnection
- Student Loan Debt
- Overwhelming Debt
Get Debt Relief and Support Now with Bankruptcy in King and Queen County, VA
An automatic stay is an extremely powerful protection that comes with bankruptcy. No more pressuring phone calls, emails or garnishments from deceitful creditors or lenders.
You can also get utility companies to resume services, pause foreclosure proceedings and receive asset protections.
But bankruptcy goes even further by either resolving your debts or giving you a newly restructured payment plan that’s achievable and affordable.
Use bankruptcy to turn around your financial situation for the better. This legal tool allows you to focus on rebuilding your credit, effectively manage your finances and reduce your stress.
Helping King and Queen County, 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.
Answering Your Top Bankruptcy Questions in Lancaster County
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
Bankruptcy Lawyers Helping King and Queen County, VA Residents Get Back on Their Feet
Whether you’ve just started feeling the weight of your debts or they’ve been stacked on top of you for what feels like ages, our bankruptcy lawyers in King and Queen County, VA can help. We’ll work to lift the weight off of your shoulders with legal assistance so you can start a fresh path toward improved finances.
Our holistic legal approach gives you comprehensive resources to help you take on your financial issues and show you the way toward long-term financial freedom.
Steve and Veronica handle your case with compassion to help you get the best possible solution for your unique situation.
Contact us today to see how bankruptcy can be the financial tool you need for managing debt.
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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