Reliable Bankruptcy Lawyers Serving Spotsylvania, VA
Attorneys helping you improve your personal finances and financial recovery
Get a Handle on Your Debt and Halt Creditor Calls with Trusted Bankruptcy Lawyers
Drowning in debt? Are creditor calls coming in never-ending waves? Without the right support and tools, it can feel impossible to swim your way out of debt. Even worse, creditors can target you and take advantage of your vulnerable state.
Thankfully millions of people have used bankruptcy as a financial life preserver to weather waves of debt or creditor calls.
Bankruptcy is a well-known tool for conquering overwhelming debt and giving you the breathing room you need to move toward financial freedom.
With an experienced legal team on your side, you can get the guidance needed to help improve your personal finances with bankruptcy.
Financial Freedom Legal’s team of trusted bankruptcy lawyers, Steve and Veronica, are well known for their work and offer free consultations. Our team will determine if bankruptcy is right for you and which chapter best suits your situation.
We’ll provide honest feedback and empathetic advice 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 other important areas of your life.
Fill out our form for a free consultation to see how our bankruptcy attorneys can help you in Spotsylvania.
Helping Spotsylvania, VA Through Bankruptcy
Your Bankruptcy Filing Options in Spotsylvania, VA
Chapter 7 Bankruptcy
Chapter 7 bankruptcy, also known as Liquidation Bankruptcy, helps people get a fresh start by resolving unpaid debts.
Debts such as credit cards, medical bills, payday loans, cash advances, internet loans, personal loans or judgments may all be eligible for financial relief under Chapter 7 bankruptcy. With your debt being resolved, you can now focus on other life needs that were put on hold.
Once you file, an automatic stay is put on your debt, stopping any collection efforts right away. Creditors are required to stop all attempts at collections, garnishments, warrants in debt or utility disconnections.
As you file, an automatic stay is put on your debt—halting collection efforts immediately. Creditors are required to stop all attempts for collections, garnishments, warrants in debt or utility disconnections.
In certain cases, 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 the right solution for you.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy, also known as Plan of Reorganization Bankruptcy, helps you pay debts on your own terms.
Filing for Chapter 13 bankruptcy also halts collection attempts as you develop a repayment plan based on your income and debts—taking into account what you can feasibly 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.
However, an important difference is that it will take longer compared to Chapter 7. But this method allows you to reorganize a wider variety of debts and protects your important assets. Many people who file Chapter 13 use the reorganization to catch up on other bills such as rent and/or to eliminate liens on their personal property.
Take charge of your debt. Contact Financial Freedom Legal for a free bankruptcy consultation to find out if Chapter 13 is right 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.
All Around Support for a Better Financial Future
Financial Freedom Legal recognizes that financial recovery goes beyond filing for bankruptcy. We partner with financial experts to provide comprehensive support to help you handle other areas of your finances such as:
- Financial planning
- Getting approval for new loans
- Home buying
- Vehicle purchases
- Rebuilding your credit score
Steve and Veronica of Financial Freedom Legal utilize a holistic approach to improving the financial well-being of our clients. Using a variety of financial tools is the best way to ensure you overcome your debt and continue to prosper afterward.
Spotsylvania 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
Compassionate Bankruptcy Lawyers Serving Spotsylvania, VA Residents
Regain control of your debts and keep yourself from getting wrapped up in spiraling debt with legal assistance from Spotsylvania’s trusted bankruptcy attorneys. Our lawyers give you the support needed to feel in control of your financial freedom.
Our comprehensive approach gives you access to the tools and resources needed to help bring you out of debt and prevent financial troubles in the future.
Steve and Veronica will work with you to find the best possible solution for your unique situation.
Contact us today to see how bankruptcy can be the financial tool you need to better manage overwhelming 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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