Hanover Bankruptcy Attorney
Get a Bankruptcy Lawyer Near Me
When considering whether or not to file for bankruptcy in Hanover you will need the experience of Hanover bankruptcy attorney. With so many changes to the US bankruptcy code since 2005. It can become confusing and overwhelming just trying to figure out which bankruptcy chapter might be best for you.
At Fisher-Sandler, LLC – Richmond, VA we specialize in Chapter 7, Chapter 11 and Chapter 13 bankruptcy. We have helped thousands of Hanover and Richmond area residents and small business owners successfully file for bankruptcy protection under the bankruptcy code since 1999. Nathan Fisher, Sharon Choi Stuart, and Michael Sandler have a combined 60 years of bankruptcy law experience. Nathan, Sharon and I know what you are going through. Creditors have become more and more brazen with their collection efforts. This can leave you completely stressed out and searching for answers. Stop the sleepless nights now and get the fresh start you deserve.
If your facing foreclosure, wage garnishment, creditor lawsuits, judgments, eviction, utility bill cut-offs, car repossession, truck repossession, frozen bank account/accounts, IRS tax levy, etc then filing for bankruptcy may be your best option. With thousands of successful bankruptcy petitions filed since 1999, you can be sure your case will be handled professionally and completely from start to finish with Fisher-Sandler. Call us today at (804) 664-3643 to schedule your FREE consultation.
Bankruptcy Services in Hanover
Filing bankruptcy is a powerful tool for solving many credit problems such as creditor lawsuits, foreclosure, utility disconnection, and even evictions. But you’ll need the guidance of a good Hanover bankruptcy lawyer to discover how this tool can help you get the debt relief you need. Filing for a Hanover bankruptcy puts an immediate end to creditor calls and other collections efforts. Once you file Chapter 7 or Chapter 13 bankruptcy in Hanover Virginia, an “automatic stay” stops creditors from calling you, writing to you, or making any effort to get you to pay them.
Our Hanover Bankruptcy Services Offered:
– Foreclosure Defense
– Student Loan Modification
– Property Exemptions
– Tax Forgiveness
– Auto Repossessions
– Stop Creditor Harassment
Hanover Chapter 7 Bankruptcy Attorney
Fisher-Sandler has helped thousands of individuals and small businesses in Hanover Virginia file for Chapter 7 bankruptcy. Individuals may file for Chapter 7 bankruptcy to eliminate their unsecured debts, such as credit card debt, medical bills, payday loans, and personal loans. One advantage of Chapter 7 bankruptcy is that the process usually only takes three to four months. To qualify for a Chapter 7 bankruptcy the individual must pass the “means test,” which determines whether there is enough disposable income, after reasonable expenses, to repay creditors.
While Chapter 7 bankruptcy is also known as a “liquidation” bankruptcy, the individual is allowed to keep certain “exempt” property in a Chapter 7 bankruptcy. Virginia has some of the most generous exemptions and protects many thousands of dollars worth of assets. The vast majority of our Hanover bankruptcy clients have kept all of their property. Most liens, however (such as real estate mortgages and security interests for car loans) survive. In order to keep those assets (e.g., house or car) serving as collateral for a loan, debtors must continue to make the loan payments. If your property isn’t protected by Virginia’s generous exemption laws, your Chapter 7 bankruptcy trustee can sell it and use the money to pay creditors. It’s important to consult with an experienced Chapter 7 Hanover bankruptcy attorney to evaluate your situation and maximize the protections afforded under the applicable exemption statutes.
Chapter 7 Bankruptcy “Automatic Stay”
One of the most significant benefits of bankruptcy is the automatic stay. Once you file for bankruptcy protection, you will be granted immediate protection from your creditors. Once your creditors receive notice of your filing, they must immediately cease all collection or enforcement activity. The automatic stay is granted for people who file Chapter 7, 11 or 13 bankruptcy.
The automatic stay is an injunction of the court that comes into effect automatically when a bankruptcy case is filed. This protects you or your business from any and all forms of creditor collection or enforcement action. In Chapter 11 or Chapter 13, during the plan repayment period, creditor collection action is also stayed, allowing a debtor who can make reasonable payments the opportunity to catch up on house, car, taxes and other defaulted loans without excess interest and without fear of losing the asset.
Hanover Chapter 13 Bankruptcy Attorney
Chapter 13 bankruptcy is a strategy to restructure your secured (and in some cases, unsecured) debt over time. This process can take up to 5 years, which is why our experienced bankruptcy attorneys at Fisher-Sandler are ready to provide qualified assistance with the entire Chapter 13 process.
The purpose of chapter 13 bankruptcy is to enable an individual with a regular source of income to propose a chapter 13 plan that provides for their various classes of creditors. Under chapter 13, the Bankruptcy Court has the power to approve a chapter 13 bankruptcy plan without the approval of creditors as long as it meets the statutory requirements under chapter 13. Chapter 13 bankruptcy plans are usually three to five years in length, and may not exceed five years.
Filing Chapter 13 Bankruptcy in Hanover
There are some distinct differences between Chapter 7 and Chapter 13. Under Chapter 13, you would repay your reduced debt over a three- to five-year period, often at better terms and lower interest rates. You would make one payment to your trustee to satisfy all your debts. Unlike Chapter 7, you are not at risk of losing any of your property because you are repaying your debt over time. The repayment is usually 20 percent or less of the debt you owe.
Hanover Chapter 11 Bankruptcy Attorney
The goal of Chapter 11 in Hanover Virginia is to allow businesses as well as individuals the opportunity to reduce their debts, restructure their finances and increase their profitability — all while staying in control.
Unlike Chapter 7 and Chapter 13, the Chapter 11 bankruptcy process does not involve a trustee. This means you control your business and your properties throughout the pendency of your bankruptcy proceeding.
Small businesses and large corporations alike often use Chapter 11 to achieve their business goals. This may mean using Chapter 11 to keep their doors open by reducing debts and increasing revenue, or as a tool to downsize or liquidate with minimal debt. No matter what your goals, our Hanover bankruptcy lawyers at Fisher-Sandler, LLC will devise a plan to make Chapter 11 work for you.
Individuals also use Chapter 11 to reduce their debts and reorganize their finances while preserving their investment properties and other assets.
Hanover Emergency Bankruptcy Attorney
An emergency bankruptcy is a means to file for bankruptcy which can be done more quickly and with fewer requirements than an ordinary bankruptcy. Generally, the reason a debtor may want to file on an expedited basis is to protect an asset from creditor action. This is because when a bankruptcy is filed the “automatic stay” will go into effect. The stay will immediately stop most creditors from attempting to collect on the debts owed to them. If a debtor needs to quickly halt foreclosure on their home, possibly stop an eviction, or protect their pay from garnishment, an emergency bankruptcy could be a way to achieve this goal.
Filing An Emergency Bankruptcy in Hanover
In general, to file an emergency bankruptcy, you will need to provide the court with basic information such as your contact information and social security number, a list of all your creditors and their addresses, and proof that you have completed a mandatory credit counseling course from an approved provider. If you were not able to take this course before filing you will have to provide the court with evidence that there were emergent circumstances which prevented you from doing so or be granted an exemption from the requirement. After you have provided the requisite documents and information, you will be required to provide your missing data within a specific number of days.
Hanover Virginia – About
Just 12 miles north of Richmond — between the beautiful Chickahominy and Pamunkey Rivers — you’ll find Hanover, home to the authentic railroad town of Ashland and Randolph-Macon College, the oldest Methodist College in the United States. Pay a visit to this peaceful community, which, prior to the arrival of the first English settlers, served as a hunting ground for the Pamunkey and Chickahominy Indians. Hanover County was officially formed in 1720, and named for King George I of England, who was Elector of Hannover in Germany when he assumed the British throne.
Hanover is one of the fastest-growing counties in the state, with approximately 100,000 residents. Enjoy the true small-town appeal of Ashland, where locally-owned shops, restaurants, and a quaint town center recall the feel of a simpler time. Witness the historic charm and rural setting with the luxury and convenience of modern shopping, restaurants, and neighborhoods.
Other Cities Served in Hanover County:
- Ashland Mill
- Hanover County
- Old Church
- Wicker Corner
Hanover County Zip Codes Served: