Henrico County Bankruptcy Attorney
Get a Bankruptcy Lawyer Near Me
When you are facing serious financial issues, filing for bankruptcy in Henrico County might be your best option. With so many changes to US bankruptcy Code since the big change in 2005. Trying to go it alone can become confusing and quite overwhelming at best. When considering filing for bankruptcy in Hanover County Virginia you will need the services of an experienced Henrico County Bankruptcy Attorney.
At Fisher-Sandler, LLC – Richmond, VA we specialize in everything bankruptcy. Whether you need to file a Chapter 7 bankruptcy, Chapter 11 bankruptcy (for individuals) or Chapter 13 bankruptcy, the Henrico County bankruptcy lawyers at Fisher-Sandler have you covered. When you come in for your FREE consultation we will go over all your options and help you to decide if filing for bankruptcy is the best path for you to take.
Nathan Fisher, Michael Sandler, and Sharon Choi Stuart have a combined 60 + years of bankruptcy law experience. We have helped thousands of Richmond and Henrico County residents and small business owners successfully file for bankruptcy protection under the Bankruptcy Code since 1999. If you are currently facing wage garnishment, foreclosure, eviction, utility bill cut-offs, car repossession, truck repossession, creditor lawsuits, judgments, IRS tax levy, frozen bank account/accounts, etc we can help stop your financial nightmare today. Call our Henrico County Bankruptcy Law Office of Fisher-Sandler now at (804) 664-3643 to schedule your FREE consultation.
Bankruptcy Services in Henrico County
When facing the unrelenting onslaught of constant creditor harassment. It can take a mental and physical toll on you and your family. During times like these, you need the help of an experienced Henrico County bankruptcy attorney. At Fisher-Sandler, LLC we specialize in bankruptcy law and have helped thousands of Hanover County and Richmond residents and small business owners since 1999 and we can help you too.
Our Henrico County Bankruptcy Servies Offered:
– Foreclosure Defense
– Student Loan Modification
– Property Exemptions
– Tax Forgiveness
– Auto Repossessions
– Stop Creditor Harassment
Henrico County Chapter 7 Bankruptcy Attorney
Filing Chapter 7 bankruptcy in Henrico County is usually a good option for people who have unmanageable levels of debt and no significant assets. It can be used to eliminate credit card debt, medical bills, and many other debts entirely. In Virginia, Chapter 7 filers get an opportunity to move forward again without the crushing burden of their debts.
Don’t believe the bankruptcy myths that you may have heard. The truth about bankruptcy is you can usually keep your home, your car or truck, and your personal property. After a while, you can begin to rebuild your credit rating. With the help of the Henrico County bankruptcy attorneys at Fisher-Sandler, LLC, you may be able to eliminate most debts and get your finances back on track.
What Is Chapter 7 Bankruptcy in Henrico County?
Also known as a Liquidation Bankruptcy, Chapter 7 allows you to get out from under the weight of your debt in order to “start over.” All of your non-exempt assets are sold. That money goes pay off your debtors — sometimes pennies on the dollar, depending on the non-exempt assets you hold. In return, you receive a discharge of all debts that are permitted to be discharged in about four months.
If you have no assets, the process is faster. Exempt assets are properties you are allowed to keep. What these depend on the value of the assets and what exemptions apply specifically to you. Both Virginia and the federal government have a set of exemptions. Henrico County bankruptcy lawyers at Fisher-Sandler will be able to guide you to ensure that you get every exemption you are eligible for.
Henrico County Chapter 13 Bankruptcy Attorney
Chapter 13 bankruptcy is an interest-free repayment plan on your debts that you can actually afford, one that you can pay off over time (usually 3 to 5 years). It is overseen by the Bankruptcy Court to make sure everyone plays by the rules, and it allows you to pay your creditors back on terms that are favorable to you, without any interest. This is different from a Chapter 7 filing, which simply liquidates your assets in order to pay back creditors. Unlike Chapter 7, Chapter 13 bankruptcy in Henrico County allows you to keep your home or your car, even if you have been behind on payments.
Furthermore, all of your creditors are paid with a single monthly payment to the Bankruptcy Trustee rather than multiple payments to different creditors due at different times during the month. This payment satisfies all your debt obligations, rather than just one creditor being paid. Chapter 13 also doesn’t negatively affect your credit the way a Chapter 7 would.
Chapter 13 Bankruptcy in Henrico County allows a person with a steady income to place most of their debt into a repayment plan. If you qualify for a Chapter 13 bankruptcy, you will pay off a portion of your outstanding debt over a period of three to five years. The amount of your monthly payments will depend on your debts, how much property you own, and how much you earn. This type of bankruptcy also allows you to keep more property that you might otherwise lose, such as a mortgaged home. Many times this is the simplest option because you no longer have to deal with all your creditors on an individual basis.
Henrico County Chapter 11 Bankruptcy Attorney
Normally, debt-ridden businesses seek Chapter 11 protection. However, if an individual debtor exceeds the income limitations of Chapter 13, he or she may file under Chapter 11. Similar to a Chapter 13 bankruptcy, in Chapter 11 bankruptcy the debtor (whether a business or individual) files a plan with the bankruptcy court stating how the debtor intends to reorganize and pay its debts. A Chapter 11 plan usually pays creditors over a period of five years but the length of plan may be extended up to ten years, with court approval.
One major difference between Chapter 7 or Chapter 13 bankruptcy and Chapter 11 bankruptcy is that the latter requires the filing of “first day motions.” That is, when a business debtor files its petition seeking Chapter 11 protection, the debtor must also file a set of motions with the court. These motions seek the permission of the court to continue normal business operations and allow the business to pay employee wages as well as paying suppliers or vendors.
Another difference debtors will notice between Chapter 11 and other forms of bankruptcy is that Chapter 11 bankruptcy involves much greater costs and fees. This is because Chapter 11 has a greater amount of reports and procedures built into the process than other forms of bankruptcy. Depending on the size of the business, preparing, filing, and following through with a Chapter 11 plan can involve a substantial amount of work for both the debtor’s attorney as well as the U.S. Trustee and bankruptcy court.
One final difference relates to the management of the Chapter 11 plan. Whereas a debtor in a Chapter 13 bankruptcy pays the U.S. Trustee every month and the U.S. Trustee distributes the funds to the creditor, the owner of the business is typically responsible for paying creditors directly in accordance with the Chapter 11 plan once that plan is approved by the bankruptcy court. Contact our experienced Henrico County Chapter 11 Bankruptcy attorneys today.
Henrico County Emergency Bankruptcy Attorney
Dealing with your finances can get quite overwhelming. An accumulation of different issues, factors, and unfortunately debt can really create great stress on you and your financial welfare. Sometimes when dealing with these issues, people can become buried in an insurmountable amount of debt. High interest rates and unforgiving creditors can speed up the process. This often happens all of a sudden and you may not even fully understand how it occurred in the first place. When the unfortunate surprise of a large mass of debt happens all of a sudden, it is definitely time to file for bankruptcy. If this situation calls for immediate action, some consider emergency or “two-page” bankruptcy.
Emergency bankruptcy is an abbreviated way of filing for Chapter 7 or Chapter 13 that speeds up the initial protections set in place. By protections, it is meant that you should gain the standard guard from creditors who may pursue you. This includes “automatic stay”. This shortened version of filing for bankruptcy reduces the paperwork exponentially from approximately 50 pages to two. Needless to say, the process can relatively simple if you have some knowledge of where to at least begin, and is more importantly, much quicker at securing your financial safety. Filing for emergency bankruptcy essentially excludes certain information normally required to file. This includes all of your creditor’s information, a detailed personal budget/assets, and even details regarding estimated assets pricing and evaluations.
When done properly, emergency bankruptcy can be beneficial and the right move to keep you afloat. This, however, isn’t always the case. The most important thing to be aware of when filing for emergency bankruptcy is that it ISN’T the end of the process. This skeletal filing is only a way to protect yourself quickly, nothing else. You still have to file the rest of your bankruptcy statement, the only thing that is different from a normal filing is that this requirement is delayed by 15 to 30 days. Often times, incomplete and improper filing can lead to bigger headaches down the road for when it comes time to file the rest of your bankruptcy statement, many will be left with incomplete data, missing forms, and one quickly realizes how far from complete their filing is from being complete. To avoid scam lawyers and pseudo-legal assistance that often accompanies emergency bankruptcy, consider a local Henrico County bankruptcy lawyer that can fully assist you through the process in the most proper speed and channels possible.
Henrico County – About
If you love history, then Henrico is the place for you! Henrico County, like all of Virginia, is rich in history. Henrico residents and events have shaped America’s story and its heritage. Our history began in 1611 when Henrico became one of the eight original shires of Virginia. In 2011, thousands of visitors helped us celebrate our 400th anniversary.
Discover what it was like to work a 19th-century farm or walk the same battlefields as General Robert E. Lee or Ulysses S. Grant. Prefer a museum? Be sure to visit the Virginia Randolph Museum, a National and State Historic Landmark that pays tribute to one of the greatest educators in America. If you have a full day to explore, immerse yourself in a few of our Civil War battle sites in the Richmond National Battlefield Park (Malvern Hill Park and Fort Harrison).
Serious history buffs should visit the Notable Henricoans Database and Historical Data Book. Both are part of an award-winning collection of biographical summaries about individuals who called Henrico County home.
Other Cities Served in Henrico County:
- East Highland Park
- Glen Allen
- Henrico County
- Highland Springs
- Short Pump
Henrico County Zip Codes Served: