Lakeside Bankruptcy Attorney
Get a Bankruptcy Lawyer Near Me
Are you considering filing for bankruptcy in Lakeside? When your facing wage garnishment, home foreclosure, eviction, utility bill cut-offs, frozen bank account/accounts, IRS tax levy, vehicle repossession, creditor lawsuits, judgments, etc you may need the expertise of an experienced Lakeside bankruptcy attorney. With the major changes made to the United States bankruptcy code in 2005, it can become confusing and overwhelming to try and go it alone. With constant creditor harassment, it can take a mental toll on you and your family.
At Fisher-Sandler, LLC – Richmond, VA we specialize in filing Chapter 7 bankruptcy, Chapter 13 bankruptcy and Chapter 11 bankruptcy (for individuals). With thousands of successful bankruptcy petitions file since 1999 for residents and small business owners of Lakeside and Henrico County. Michael Sandler, Nathan Fisher, and Sharon Choi Stuart have over 60 years of combined bankruptcy law experience. We can help you get your financial life back and end the constant creditor harassment. By filing for bankruptcy protection you will be protected by the “automatic stay” immediately. This stops ALL creditor actions against you, so whether your wages are being garnished or your home is about to be foreclosed this will stop the minute your bankruptcy case is filed in Lakeside Virginia.
Bankruptcy Services in Lakeside
At Fisher-Sandler, LLC we offer debt relief for individuals, families, and businesses in Lakeside Virginia: Bankruptcy protections are available to provide lasting debt relief. The Law Offices of Fisher-Sandle handles Chapter 7, Chapter 13, and Chapter 11 bankruptcy representation. Our representation is personalized, family-focused, and tailored to the unique aspects of each client’s situation and finances. We recognize the impact that our bankruptcy counsel can have on your life, your family, and your future. We are eager to help you navigate the road ahead for a brighter tomorrow.
Our Bankruptcy Services in Lakeside Va Offered:
– Foreclosure Defense
– Student Loan Modification
– Property Exemptions
– Tax Forgiveness
– Auto Repossessions
– Stop Creditor Harassment
Lakeside Chapter 7 Bankruptcy Attorney
Chapter 7 of the Title 11 of the United States Code (Bankruptcy Code) is one of the most common ways of filing bankruptcy. It is also known as straight bankruptcy or liquidation (converting assets into money). A successful Chapter 7 filing in Lakeside Virginia will wipe out most of your unsecured debts (medical and utility bills, credit cards, back rent, and other similar amounts owed) and allow you to keep most of your property with a voluntary reaffirmation of your secured debts (estate mortgages, car loans, etc.). Filing Chapter 7 bankruptcy in Lakeside Virginia will also stop your utility disconnection, wage garnishment, and small claims actions as well as prevent creditors from harassing you by phone and mail.
Once you file for bankruptcy, the “automatic stay” starts, lasting the entire process. It takes only a few months before a discharge order is entered, eliminating most debts (excepting certain debts such as child support/student loans). Chapter 7 allows you to get a fresh start immediately and you can start rebuilding your credit score.
After the petition is filed, a meeting of creditors under section 341 of the Bankruptcy Code is noticed out to the debtor and to all creditors listed in the bankruptcy case. The debtor must attend this meeting and creditors are entitled to appear and ask questions regarding the debtor’s financial situation and property, however In most cases, no creditors attend the hearing). If both a husband and wife filed together, they both must attend the meeting of creditors. The trustee will preside at this meeting and question the debtor about the matters contained in the petition. It is important for the debtor to cooperate with the trustee. In order to preserve their independent judgment, bankruptcy judges decide questions of law but do not attend the meeting of creditors.
Approximately three months following the meeting of creditors, the individual consumer debtor can typically expect to receive a discharge. The discharge is a court order which extinguishes the debtor’s legal obligation to repay many unsecured debts that cannot be paid by the trustee. Unsecured debts may generally be defined as money obligations based solely on the future ability to pay. Secured debts, on the other hand, are based on a creditor’s right to repossess pledged property upon default, regardless of a debtor’s ability to pay. Certain debts — such as sales taxes and other trust-fund taxes (e.g., employer withholding tax), debts created by a debtor’s intentional conduct (e.g., assault, defamation, embezzlement or fraud), parking violations, fines, penalties and criminal restitution, alimony and child support obligations, and guaranteed student loans, among other items — are not discharged in most cases and are unaffected by a Chapter 7 bankruptcy filing. More typically, however, most garden-variety consumer debt is released and discharged through Chapter 7.
Lakeside Chapter 13 Bankruptcy Attorney
When a person goes through Chapter 13 bankruptcy in Lakeside, they make a plan to repay their debts within a three-five year period and keep their property. This type of bankruptcy is also referred to as a wage earner’s plan. Because a debtor is enabled to keep property, this can be a much more desirable alternative to Chapter 7. One of the most important types of property saved by a Chapter 13 bankruptcy is a person’s home. Foreclosures can be stopped through this process.
This process also enables debtors to reschedule payments on other secured debts. Rescheduling debts can help a person get more workable monthly payments. Additionally, Chapter 13 bankruptcy has protections for third parties who may have been cosigners for the filer’s debts. Lastly, this process includes a trustee who receives money from the debtor and distributes the funds to creditors.
Chapter 13 bankruptcy in Lakeside Virginia is limited to individuals and unincorporated businesses that have a regular source of income, and whose secured debts are less than $1,010,650 with unsecured debts of less than $336,900. The term “regular source of income” has been interpreted to mean income that is sufficiently definite and certain to enable the debtor to assign it to the trustee on a regular basis for payment by the trustee to creditors.
Lakeside Chapter 11 Bankruptcy Attorney
Historically, individuals filed Chapter 11 bankruptcy when they exceeded the debt limits of Chapter 13. For instance, many celebrities and professional athletes are required to file a Chapter 11 rather than a Chapter 13 because they have far too much secured and unsecured debt. However, there are also a number of benefits in filing Chapter 11 for people who would otherwise qualify for Chapter 13.
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 bankruptcy court to continue normal business operations and allow the business to pay employee wages as well as paying suppliers or vendors.
Lakeside 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 in Lakeside Virginia 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 the “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 San Antonio bankruptcy lawyer that can fully assist you through the process in the most proper speed and channels possible.
Lakeside Virginia – About
Tranquil Lakeside fans out from Lewis Ginter Botanical Garden, which has a classical domed conservatory and vast grounds with roses, cherry trees, and ponds, plus a shaded woodland trail. Outdoor enthusiasts go fishing or hiking at Belmont Park and Bryan Park, and there are also 2 golf courses. Quirky shops, vintage stores, and cool cafes are clustered on Lakeside Avenue, which hosts a twice-weekly farmers’ market.
Lakeside is a town in Virginia with a population of 13,033. Lakeside is in Henrico County and is one of the best places to live in Virginia. Living in Lakeside offers residents a dense suburban feel and most residents own their homes. In Lakeside 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: