Mechanicsville Bankruptcy Attorney
Get a Bankruptcy Lawyer Near Me
Are you considering filing for bankruptcy protection in Mechanicsville? When facing financial distress and constant creditor harassment it can be a nightmare. What you need during this time is an experienced Mechanicsville bankruptcy attorney. With so many changes to the US bankruptcy code in 2005, it can become overwhelming and confusing when trying to go it alone. Don’t continue to put yourself through the stress of unscrupulous creditor actions.
At Fisher-Sandler, LLC – Richmond, VA we have helped thousands of Mechanicsville and Richmond residents and small businesses successfully file for bankruptcy protection under the United States bankruptcy code since 1999. With 60 plus years of combined bankruptcy law experience, Nathan Fisher, Michael Sandler, and Sharon Choi Stuart can help you get the fresh start you deserve.
We specialize in Chapter 7 Bankruptcy, Chapter 11 Bankruptcy (for individuals) and Chapter 13 Bankruptcy. So if you are facing: Wage Garnishment, Foreclosure, IRS Tax Levy, Car Repossession, Eviction, Utility Bill Cut-Offs, Frozen Bank Account/Accounts, Creditor Lawsuits, Judgments, etc. Filing for bankruptcy might your best option. Once we meet with you either in our office or by phone we will go over your financial situation and see if filing for bankruptcy protection is you and your family’s best interest. So stop living in fear and take action today! Call our office at (804) 664-3643 for your FREE consultation.
Bankruptcy Services in Mechanicsville
With a combined 60 + years of bankruptcy law experience, Fisher-Sandler is your goto Bankruptcy Law Firm in the Richmond and Mechanicsville area. We specialize in Chapter 7, Chapter 11 and Chapter 13 bankruptcy filings along with emergency bankruptcy filings for dire situations such as the pending foreclosure of a home, garnishment of your wages, etc.
Our Bankruptcy Services in Mechanicsville Offered:
– Foreclosure Defense
– Student Loan Modification
– Property Exemptions
– Tax Forgiveness
– Auto Repossessions
– Stop Creditor Harassment
Mechanicsville Chapter 7 Bankruptcy Attorney
Chapter 7 Bankruptcy (liquidation or straight bankruptcy) is a court-supervised Bankruptcy Process where an appointed trustee liquidates, i.e. sells, all of the debtor’s nonexempt property and distributes any proceeds to the debtor’s creditors. If there are no assets after the exemptions have been taken, then the case is considered a “no-asset” case in which the unsecured creditors receive nothing. Once your Chapter 7 bankruptcy petition is filed you are protected by the “automatic stay” immediately. This stops ALL creditor action against you. So no more phone calls or letters harassing you.
After discharge, the debtor is released from personal liability for any discharged debts however BAPCA has made it more difficult to obtain a discharge. Among other things, individuals are now required to pass a “means test” to determine whether he or she qualifies for relief. There are two mandatory credit counseling sessions as well as potential audits. If the debtor’s income exceeds the threshold amounts allotted by the Means Test, then chapter 7 is not an option, leaving the debtor to file a Chapter 13.
Mechanicsville Chapter 13 Bankruptcy Attorney
A Chapter 13 bankruptcy allows debtors to reorganize and pay off the unsecured debt over a three-five year period. In many cases, the unsecured debt is discounted, and the debtor only pays a portion of the debt. Your individual circumstances, including income, expenses and total debt, are examined to determine the amount of your payments and whether your unsecured debt will be discounted.
Finding the right Mechanicsville chapter 13 bankruptcy attorney will ensure you’re protected as you file for bankruptcy and reorganize your finances. This process involves attention to detail and a specific process that must be followed properly. For this reason, we encourage you to enlist the help of an experienced Mechanicsville bankruptcy lawyer at Fisher-Sandler with experience in chapter 13 bankruptcy. An experienced bankruptcy lawyer will understand this process and have experience filing the necessary paperwork.
To qualify for Chapter 13 in Mechanicsville, you have to meet several basic requirements. Overall, you have to prove that you can create a realistic payment plan and sustain an income steady and high enough to complete the payments. Understanding the complex paperwork, deadlines, and legalities, though, can get complicated, so we urge you to discuss it with our dedicated bankruptcy team.
While chapter 13 in Mechanicsville does have some strict eligibility requirements, it also comes with several advantages. For example, chapter 13 usually allows you to repay your secured debts, even if you’re behind on the payments, without having the property that secures the debt repossessed or foreclosed on. In other words, you may get to keep your car or house. You may even be able to lump your past due payments in with your payment plan and pay them off over a period of years. The point is, there are options.
Mechanicsville Chapter 11 Bankruptcy Attorney
A Chapter 11 bankruptcy Case in Mechanicsville begins with the filing of a petition with the bankruptcy court. As with cases under other chapters of the Bankruptcy Code, once the petition is filed, you will immediately get the benefit of the “automatic stay” which is an order that prohibits your creditors from taking collection actions against you. All debt collection action including lawsuits, garnishments, and foreclosures are suspended, giving you time to negotiate with your creditors on a repayment plan. The automatic stay continues until the court approves your plan of reorganization.
After you file for Chapter 11 bankruptcy, you’ll disclose your income, assets, and debts on official bankruptcy forms. It is at that point that you begin negotiating your reorganization plan with your creditors. Why would your creditors be willing to negotiate with you? It is because the creditors know that if they don’t you might be forced to file a Chapter 7 and they would receive little or nothing.
Chapter 11 is a very complex area of law. If you are a high-income debtor with significant assets or if you have exceeded the debt limits of Chapter 13 bankruptcy, you may want to consider filing Chapter 11 bankruptcy. Take the time to talk to an experienced Mechanicsville bankruptcy attorney at Fisher-Sandler, about how Chapter 11 bankruptcy can work for you. Contact us at (804) 664-3643 to schedule your FREE consultation.
Emergency Bankruptcy Attorney Mechanicsville
Emergency bankruptcy filings are sometimes necessary in Mechanicsville VA. Filing for Bankruptcy is a big decision that should be carefully considered. However, sometimes it is the best move for your financial situation, and sometimes you need bankruptcy protection immediately! Circumstances that call for an emergency bankruptcy filing may arise, and our Ashland Virginia bankruptcy attorneys can help. If you are facing a foreclosure or wage garnishment, bankruptcy may provide you with the protection from creditors as the Automatic Stay comes into play immediately and all collection action and lawsuits must cease.
Our Emergency Bankruptcy Lawyers in Mechanicsville Virginia can assist you if an emergency situation should arise. Many times emergency situations happen with little or no warning. When these unfortunate events happen in a person’s life, there is peace of mind knowing that our team of debt relief experts at Fisher-Sandler, LLC are there to assist you every step of the way.
Call (804) 664-3643 Now For Your FREE consultation
Mechanicsville Virginia – About
Mechanicsville, Virginia, attracts homeowners and families who seek good schools, nice weather, and overall livability. Many Mechanicsville residents work in Richmond, VA, which is only about 6 miles away. The area is defined by American history, dating back to the 17th century, and was the site of several Civil War battles, and this history could be the reason Mechanicsville feels like a deeply American place to live.
Mechanicsville is a town in Virginia with a population of 37,674. Mechanicsville is in Hanover County and is one of the best places to live in Virginia. Living in Mechanicsville offers residents a sparse suburban feel and most residents own their homes. In Mechanicsville, there are a lot of parks.
Sources: https://www.longandfoster.com/VA/Mechanicsville & https://www.niche.com/places-to-live/mechanicsville-hanover-va/
Other Cities Served in Hanover County:
- Ashland Mill
- Hanover County
- Old Church
- Wicker Corner
Hanover County Zip Codes Served: