Lorton Bankruptcy Attorney
Get a Bankruptcy Lawyer Near Me
When researching whether or not you should file for bankruptcy in Lorton. It is always a good idea to thoroughly research the Lorton bankruptcy attorney or Lorton bankruptcy Law Firm that you are considering to hire.
At Fisher-Sandler, LLC, bankruptcy is not something our attorneys Nathan Fisher and Michael Sandler dabble in from time to time. We focus on Chapter 7 and Chapter 13 bankruptcy, along with chapter 11 bankruptcy filings on behalf of individuals and small businesses. With offices in Fairfax, Woodbridge, Fredericksburg, Warrenton, and Richmond, we serve clients throughout Northern Virginia and the whole 95 South Corridor.
Our clients come to our Lorton bankruptcy law offices during one of the most difficult times in their lives. Their debt is out of control. Creditors are harassing them. They need debt relief now. One telephone call can begin the process of starting over. With the press of a button on our computer keyboard, we can stop a home foreclosure and put an end to creditor harassment immediately. Call (703) 691-1642 or schedule online today for your FREE consultation.
Bankruptcy Services in Lorton
Some Of Our Bankruptcy Services We Provide Are Below:
– Foreclosure Defense
– Student Loan Modification
– Property Exemptions
– Tax Forgiveness
– Auto Repossessions
– Stop Creditor Harassment
Lorton Chapter 7 Bankruptcy Attorney
How To File Chapter 7 Bankruptcy in Lorton
Chapter 7 is the most common form of bankruptcy and is also called liquidation bankruptcy. Chapter 7 cases can be filed by an individual, a married couple, or a business entity (corporation or partnership). In a Chapter 7 case, a court-appointed Trustee collects the Debtor’s non-exempt assets and reduces them to cash in order to pay the Debtor’s creditors. Note the emphasis on “non-exempt”. Non-exempt assets are those which the Debtor is permitted to retain in bankruptcy and keep them out of the reach of creditors and the Trustee. In some cases, the Debtor has no assets other than non-exempt assets so there is nothing for the Trustee to liquidate in order to pay creditors.
Upon filing for Chapter 7 bankruptcy in bankruptcy court, a person places his assets under the protection of the court and submits a Statement of Financial Affairs describing his background and financial history. The court notifies the person’s creditors of the filing, and collection efforts stop, this is known as the “automatic stay“.
Lorton Chapter 13 Bankruptcy Attorney
If chapter 13 bankruptcy looks like it might be your best option, Fisher-Sandler can help. With thousands of successful Chapter 13 bankruptcy petitions filed throughout the Northern Virginia area since 1999. Both Nathan Fisher and Michael Sandler have the experience and know-how to get your bankruptcy case done right the first time.
How To File Chapter 13 Bankruptcy in Lorton
Chapter 13 bankruptcy is generally used by debtors who want to keep secured assets, such as a home or car when they have more equity in the secured assets than they can protect with their Virginia bankruptcy exemptions. Chapter 13 bankruptcy is a reorganization whereas Chapter 7 bankruptcy is a liquidation.
Under a chapter 13 bankruptcy, a debtor proposes a 3-5 year repayment plan to the creditors offering to pay off all or part of the debts from the debtor’s future income. You can use Chapter 13 to prevent a house foreclosure; make up missed car or mortgage payments; pay back taxes; stop interest from accruing on your tax debt (local, Virginia state, or federal); keep the valuable non-exempt property (see Virginia exemptions); and more. If you can stick to the terms of your repayment agreement, all your remaining dischargeable debt will be released at the end of the plan (typically three to five years). The amount to be repaid is determined by several factors including the debtor’s disposable income as is usually determined as part of the Virginia Means Test.
In addition, the total amount paid to creditors under the Chapter 13 plan must also be at least as much as creditors would have received if the debtor filed a Chapter 7 bankruptcy. To file Chapter 13 bankruptcy you must have a “regular source of income” and have some disposable income to apply towards your Chapter 13 payment plan.
Lorton Emergency Bankruptcy Attorney
Emergency Bankruptcy Filing in Lorton Virginia
At Fisher-Sandler, LLC we offer emergency bankruptcy filings for all of our Lorton clients. We can have your bankruptcy filed within 1 hour of meeting with you. This can stop wage garnishment, foreclosure, car/truck repossessions, frozen bank account/accounts, eviction, utility bill cut-offs, harassing creditor calls, etc. Stop living in fear and get your life back today! Call Fisher-Sandler @ (703) 691-1642 to schedule your FREE consultation.
Lorton Virginia – About
Lorton is a suburb of Washington, D.C. with a population of 20,268. Lorton is in Fairfax County and is one of the best places to live in Virginia. Living in Lorton offers residents an urban-suburban mix feel and most residents own their homes. In Lorton, there are a lot of parks. With Gunston Hall, Mason Neck State Park, Pohick Bay Regional Park, etc. Lorton Virginia is a great place to not only live but spend time outside exploring.
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: