Annandale Bankruptcy Attorney
Get a Bankruptcy Attorney Near Me
If you are having a difficult time meeting your financial obligations, Fisher-Sandler, LLC. may be able to help. Our Annandale bankruptcy attorneys Nathan Fisher and Michael Sandler have over 40 years of combined experience helping Fairfax County residents just like you to solve their financial problems. We understand these are very difficult times for you and we are here to help. There are options available to help successfully manage your debt and regain your financial health. In some cases, filing for bankruptcy may be a good solution, however, it is often not the only solution available. For instance, in some circumstances, a consumer may be better off pursuing negotiations or settlements with their creditors rather than filing for bankruptcy. The right course of action will depend on the unique circumstances of your case.
Contact Fisher-Sandler today to schedule a free, confidential consultation with an Annandale bankruptcy lawyer to see what options may be available to you. During the consultation, an experienced Annandale bankruptcy attorney will carefully review the facts of your case and help you choose a course of action that is best for your individual needs.
Our initial consultation is free, and we offer flexible payment options to all of our clients. At Fisher-Sandler, LLC, we want to provide you with solutions, not add to your financial burden. We will work with you to develop a payment plan that you can afford. We accept many forms of payment. Regardless of the option you choose, you will find that Fisher-Sandler charges less than many of the competing bankruptcy law firms in the Northern Virginia area. Contact us today by telephone, website form, email or chat to see how we can help solve your debt crisis.
Annandale Bankruptcy Services:
- Chapter 7 Bankruptcy
- Chapter 13 Bankruptcy
- Chapter 11 Bankruptcy
- Emergency Bankruptcy Filing
- Mortgage Loan Modification
- Student Loan Modification
- Uncontested Divorce
- Wage Garnishment
- IRS/Bank Levy
- Foreclosure Defense
- Property Exemptions
- Tax Forgiveness
- Auto repossessions
- Creditor Harassment
Bankruptcy Process in Virginia
Step 1 Collect Documents – Gather your financial documents so that you and your attorney can review your debts and your overall financial health and discuss whether a bankruptcy filing is appropriate. This is the first step in the process. You’ll need to pull together your monthly household bills, information about your income, your credit card bills, student loans, and your investments such as stocks and bonds.
Step 2 Evaluate Options -Your attorney will evaluate what type of bankruptcy is appropriate. There are two sections of the federal bankruptcy code, Chapter 7 and Chapter 13, that are used for filing personal bankruptcy depending on the individual circumstances.
Chapter 7 bankruptcy, sometimes referred to as straight bankruptcy, involves the sale of non-protected assets to pay off as much debt as possible and allows a debtor to have most debts dismissed such as credit card debt and medical bills. It is available for individuals who do not have regular income to pay their obligations. Your Annandale bankruptcy attorney will determine whether you pass the Chapter 7 means test and are eligible for Chapter 7.
Chapter 13 bankruptcy requires the debtor to submit a proposed repayment plan for court approval to pay debts owed to creditors within three to five years. To qualify, you must have enough monthly income to keep up with the repayment schedule and also cover household expenses. Chapter 13 is the most common type of bankruptcy protection sought in Fairfax County. A trustee will oversee the disbursement of payments to creditors and issue a discharge of debt if you complete the repayment plan.
Step 3 Get Credit Counseling – All individuals who are planning to file a Chapter 7 or Chapter 13 personal bankruptcy are required to complete a pre-bankruptcy credit counseling class within six months before filing for bankruptcy. The agency may prepare a debt repayment plan. Once you complete the class, the agency will issue you a certificate of completion, which must be filed with the bankruptcy court. The credit counselor is not allowed to advise you whether you should file for bankruptcy. The bankruptcy administrator keeps a list of approved organizations that offer credit counseling.
Step 4 File Bankruptcy Petition – Your Annandale bankruptcy attorney will file a bankruptcy petition with accompanying forms listing your income and expenses. When you have completed filing the petition and claiming your exempt property, an automatic stay goes into effect and prevents creditors and collection agencies from pursuing debt collection efforts against you, including foreclosure proceedings, eviction, repossession of vehicles and garnishment of wages. The stay will remain in effect while the bankruptcy is pending.
Step 5 Appointment of Trustee—The federal bankruptcy court will appoint a trustee to handle the administrative tasks related to your case. The trustee reviews the bankruptcy petition manages the bankruptcy estate and oversees the sale of any assets to pay creditors. If the bankruptcy filing involves a repayment plan, the trustee will oversee the plan as well. The trustee also monitors your obligation to file a tax return and yearly financial statements.
Step 5 Attend Creditors Meeting – The trustee also organizes the creditor’s meeting. You will receive notification from the trustee of the time and place of the meeting, also known as a 341 meeting. The individual filing for bankruptcy is required to attend the meeting to provide the trustee and creditors an opportunity to question the individual seeking bankruptcy protection about his or her financial situation and information in the petition.
Step 6 Administering the Bankruptcy – If you have a Chapter 7 bankruptcy, the trustee will decide whether you have a property that is worth seizing to sell and pay creditors. If you have a Chapter 13 bankruptcy, you will send the trustee all of your disposable monthly income left after paying your household expenses. The trustee will receive monthly payments from you and distribute them to the creditors, according to the repayment plan. You must complete all the payments in order to receive a discharge at the end of the bankruptcy.
Step 7 Attend Debtor Education Class – Before you receive a discharge from the bankruptcy court, you are required to complete a required personal financial management counseling class. Whereas the prior credit counseling class focused on your existing debts, the debtor education class, as it’s commonly known, is designed to teach you how to budget and manage your finances going forward. When you complete the class, you’ll receive a certificate of debtor education. In Chapter 7, you are required to complete the class within 60 days of the date set for the meeting of creditors. In Chapter 13, you must complete the class before filing a motion requesting a discharge of debts.
Annandale Bankruptcy Attorneys
Bankruptcy is not right for everyone, and some types of debts cannot be erased through bankruptcy. But if you have accumulated an overwhelming amount of debt or a creditor has threatened to take legal action, then you may need to talk with an Annandale bankruptcy lawyer about seeking legal protection to prevent the seizure of assets.
A Virginia bankruptcy attorney at Fisher-Sandler, LLC will help you analyze your situation and discuss your options. We understand that you are feeling stress if you are contemplating bankruptcy or are being pursued by debt collectors. Our attorneys will be both understanding and honest about what steps you need to take. Since the year 2000, we have filed thousands of successful bankruptcy petitions in the Northern Virginia area.
Contact Fisher-Sandler at (703) 691-1642 to schedule your FREE consultation
Annandale Virginia – About
Here are some facts about Annandale to help you better enjoy your Fairfax County vacation. In Annandale, you can find a little bit of historic America combined with Asian flair. Annandale is home to the area’s largest Korean population and is a favorite dining destination for those seeking authentic Korean cuisine. You’ll also find beautiful and family-friendly outdoor recreation and things to do in Annandale, from a nature center to seasonal county outdoor performance venues. Explore all Annandale has to offer and visit today!
Annandale is a suburb of Washington, D.C. with a population of 44,504. Annandale is in Fairfax County and is one of the best places to live in Virginia. Living in Annandale offers residents an urban suburban mix feel and most residents own their homes. In Annandale there are a lot of restaurants, coffee shops, and parks.
Annandale has parks scattered across its geographical region and a number of them are maintained by the Fairfax County Park Authority. The following parks are located in Annandale: Mason District Park, The Wakefield Chapel Park, Turkeycock Run Stream Valley Park, Annandale Community Park, Ossian Hall Park, Kendale Woods Park, Mill Creek Park, Wilburdale Park, Broyhill Crest Park, Larchmont Park, Canterbury Woods Park, Hidden Oaks Nature Center (Fairfax County Government Park Authority), Pine Ridge High School Site Park, Camelot School Site Park, Oak Hill Park, Backlick Park, Willow Woods Park, Valley Crest Park, Long Branch Falls Park, Manassas Gap Park, Fairfax Hills Park, Masonville Park, Howery Field Park, Poe Terrace Park, Rose Lane Park, Indian Run Stream Valley Park, and Accotink Stream Valley Park.
Other Cities Served in Fairfax County:
- Dunn Loring
- Fairfax Station
- Falls Church
- Fort Belvoir
- Great Falls
- Mason Neck
- Mount Vernon
- Fairfax County
Zip Codes Served: