Chamberlayne Bankruptcy Attorney
Get a Bankruptcy Lawyer Near Me
Are you facing insurmountable financial debt in Chamberlayne and are considering filing for bankruptcy? With constant creditor harassment, it can become overwhelming at times just to think clearly. During times like these, you need the help of a Chamberlayne bankruptcy attorney. With so many changes made to US bankruptcy code since 2005 it can become very confusing trying to go it alone.
At Fisher-Sandler, LLC – Richmond, VA we have helped thousands of Chamberlayne & Henrico County residents and small business owners successfully file for bankruptcy protection under the bankruptcy code since 1999. Michael Sandler, Sharon Choi Stuart, and Nathan Fisher have a combined 60 + years of bankruptcy law experience. We specialize in Chapter 7 bankruptcy, Chapter 11 bankruptcy (for individuals) and Chapter 13 bankruptcy.
During your FREE consultation, we will go over your financial picture and show you all of your potential options. So if you are facing wage garnishment, foreclosure, eviction, utility bill cut-offs, creditor lawsuits, IRS tax levy, car/truck repossession, frozen bank account/accounts, etc. You will be able to walk away from your consultation knowing exactly what you should do. Please give our Bankruptcy Law Office a call today at (804) 664-3643 to schedule your FREE consultation. We can help you get the fresh start you deserve.
Bankruptcy Services in Chamberlayne
For many Chamberlayne Virginia residents and small business owners struggling with debt or facing harassing creditor calls, foreclosure, etc, bankruptcy provides immediate and long-term solutions for which they are looking. If you think personal bankruptcy may be right for you, an experienced Chamberlayne bankruptcy lawyer can help you answer your questions in order for you to make the right decision. At Fisher-Sandler, LLC we help people throughout Chamberlayne and Henrico County get the bankruptcy legal counsel they deserve.
Our Chamberlayne Bankruptcy Services We Offer:
– Foreclosure Defense
– Student Loan Modification
– Property Exemptions
– Tax Forgiveness
– Auto Repossessions
– Stop Creditor Harassment
Chamberlayne Chapter 7 Bankruptcy Attorney
Chapter 7 is one of the most common forms of bankruptcy; it liquidates the debtor’s assets to pay off creditors. In Chapter 7 bankruptcy, the court will forgive an individual’s debts and have his or her non-exempt assets liquidated. Non-exempt assets are property that is not protected by law. Florida has specific laws on what can and cannot be taken. If you have questions or require legal guidance through this process, speak with our Chamberlayne Chapter 7 Bankruptcy lawyers at Fisher-Sandler, LLC.
In order to determine if you qualify to file under Chapter 7 bankruptcy, you will need to first take the “means test“. This test assesses your income compared to the median income for households in Virginia as reported by the Census Bureau. The means test will evaluate whether your monthly income is less than or greater than the median for the state. If you do not qualify, you may be able to file under Chapter 13.
If you are ready to talk about your options for filing for Chapter 7 bankruptcy, contact our Virginia bankruptcy law firm today. Our Chamberlayne bankruptcy attorneys will be straightforward with you about what to expect, and we will be honest if we feel bankruptcy is not the best route for you.
Immediately after the filing of the bankruptcy, an “automatic stay” is in place. Because it is a violation of the bankruptcy code for a creditor to attempt to collect a debt after the bankruptcy is filed, you will get immediate relief from annoying phone calls, and creditor lawsuits are dismissed.
Chamberlayne Chapter 13 Bankruptcy Attorney
Chapter 13 bankruptcy is different from the more “clean slate” approach of Chapter 7. Often used by individuals who are employed and have certain median income level, this plan is based on restructuring debt and paying it back over the course of three to five years using a court-approved payment plan. After that time, most of the remaining debt will be discharged. Regardless of your circumstances, our Chamberlayne bankruptcy lawyers go through the entire process with our clients and are always available to provide support at hearings and answer your questions.
Chapter 13 allows a debtor to keep a valuable asset, such as his or her home. This plan is beneficial for those who have fallen behind on mortgage or car payments and want to catch up without losing these assets. When you file a Chapter 13 petition, an automatic stay is imposed on creditors by the court which stops creditors from repossessions and foreclosures.
If you are able to file for bankruptcy before your lender has repossessed your car, the automatic stay can prevent them from doing so until the judge has approved your repayment plan. Once your repayment plan has been approved, your car will be safe from your lender, provided you remain current on your payments.
Even though your lender cannot repossess your car after you have filed for bankruptcy, you still must make “adequate protection” payments from the time you file for bankruptcy until your repayment plan is approved. These payments cover the depreciation of your car during this time period and are generally equal to the amount of your car payment. You must keep making car payments until your plan is confirmed.
Chamberlayne Chapter 11 Bankruptcy Attorney
There are also many reasons and advantages for an individual to file a Chapter 11 bankruptcy case. Individuals who exceed $1,081,400 for secured debts and or $360,475 for unsecured debts have Chapter 11 as an option. Additionally, individuals above the income limit for their household that are not eligible to file under Chapter 7 may find that a Chapter 11 bankruptcy is a better option than filing under Chapter 13. Significant savings will be realized by proposing a plan that pays less disposable income to unsecured creditors.
Advantages of Chapter 11 Bankruptcy
- No debt limit
- Modification of secured debt payments (rental & commercial mortgages)
- Strip wholly unsecured junior liens (“underwater” notes)
- Bifurcate partially secured debts and discharge the unsecured debt amount
- Retain your assets (non-exempt assets otherwise subject to Chapter 7 Liquidation)
- Control and direct Chapter 11 reorganization as debtor in possession
- Negotiate terms of the plan of reorganization with creditors
- Discharge unsecured debts
Chamberlayne Emergency Bankruptcy Attorney
Filing for bankruptcy triggers the automatic stay, a legal injunction that stops creditors from foreclosing on your property, garnishing your wages, seizing your assets, and from even contacting you.
Filing an emergency bankruptcy petition can bring the automatic stay into effect quickly. How long it takes depends on your unique circumstances, but we are often able to file bankruptcy petitions the same or next day a client hires us.
When filing an emergency bankruptcy petition in Chamberlayne, you do not have to fill out all of the paperwork right away. You can file a bare-bones version of the petition now and submit the rest of the necessary information later. However, you only have 14 days to fill out the remaining paperwork. If you fail to meet this strict deadline, your bankruptcy will be dismissed and the automatic stay will be lifted.
Our Chamberlayne emergency bankruptcy lawyers have handled many emergency petitions and can guide you through the process, ensuring you take all the right legal steps and meet all your deadlines. Call The Bankruptcy Law Offices of Fisher-Sandler at (804) 664-3643 to schedule your FREE consultation today.
Chamberlayne Virginia – About
Chamberlayne is a town in Virginia with a population of 6,193. Chamberlayne is in Henrico County and is one of the best places to live in Virginia. Living in Chamberlayne offers residents a rural feel and most residents own their homes. In Chamberlayne, there are a lot of parks.
Other Cities Served in Henrico County:
- East Highland Park
- Glen Allen
- Henrico County
- Highland Springs
- Short Pump
Henrico County Zip Codes Served: