Oakton Bankruptcy Attorney
Get a Bankruptcy Lawyer Near Me
When considering filing for bankruptcy in Oakton Virginia. It is easy to get overwhelmed by all the options available. Especially with the changes in the US bankruptcy code in 2005 it can get very confusing on what you can and can’t keep, claim, etc when it comes to filing bankruptcy in Oakton. During these times you need to have an experienced Oakton bankruptcy attorney on your side.
At Fisher-Sandler, LLC we have a combined 40 plus years of bankruptcy filing experience. Both Nathan Fisher and Michael Sandler have helped thousands of Oakton and Northern Virginia residents and small businesses file for bankruptcy protection under the bankruptcy code since 1999. Let our Oakton bankruptcy attorneys help you decide if bankruptcy is the right option for you.
During your FREE consultation we will go over your financial picture and show you all of your potential options. So if you are facing wage garnishment, foreclosure, eviction, utility bill cut-offs, creditor lawsuits, IRS tax levy, car/truck repossession, frozen bank account/accounts, etc . Please give our Law Office a call today at (703) 691-1642 to schedule your FREE consultation. We can help you get the fresh start you deserve.
Bankruptcy Services in Oakton Virginia
At Fisher-Sandler, LLC we specialize in everything related to bankruptcy filing in Oakton Virginia. Whether we need to file a chapter 7 bankruptcy, chapter 11 bankruptcy or chapter 13 reorganization on your behalf we can get it done for you right the first time.
For many people struggling with debt or facing mortgage foreclosure, bankruptcy provides immediate and long-term solutions for which they are looking. If you think personal bankruptcy may be right for you, an experienced Oakton bankruptcy lawyer can help you answer your questions in order for you to make the right decision. At Fisher-Sandler, LLC we help people throughout Oakton and Fairfax County get the bankruptcy legal counsel they deserve.
Our Oakton Bankruptcy Services Offered:
– Foreclosure Defense
– Student Loan Modification
– Property Exemptions
– Tax Forgiveness
– Auto Repossessions
– Stop Creditor Harassment
Oakton Chapter 7 Bankruptcy Attorney
Chapter 7 Bankruptcy is a legal process that can wipe out your debts, prevent foreclosure, protect you from creditor harassment and debt collectors, and give you other financial benefits. In this informational bankruptcy guide for Oakton Virginia residents, the Oakton bankruptcy attorneys of Fisher-Sandler, LLC explain the Virginia bankruptcy process, including differences between Chapter 7 bankruptcy and Chapter 13 bankruptcy, and requirements for completing bankruptcy procedures in Virginia successfully.
A Petitioner in a Chapter 7 Bankruptcy may choose to surrender their interest in a home, car or other secured debts that have become unaffordable due to loss of income or an unforeseen rising monthly payment. A Petitioner may also decide to surrender a house or car through bankruptcy because they do not have any equity in the secured debt.
People who file for Chapter 7 bankruptcy, otherwise referred to as liquidation bankruptcy, will have the majority of their debt fully absolved once the bankruptcy is discharged. This gives people who are overwhelmed with credit card, medical or mortgage debt, the chance to begin again with a clean financial start. Some types of debt, including money owed to the federal government or certain educational institutions, cannot be discharged, according to the Bankruptcy Code.
During a liquidation bankruptcy, the court has the ability to repossess and sell the debtor’s property. The trustee will then distribute the collected funds to the creditors. Some property is exempt from repossession, including 100% of retirement accounts, clothing and medical equipment including eyeglasses and hearing aids, a family bible, and cemetery plots.
Who Is Eligible for Chapter 7 Bankruptcy in Oakton VA
To qualify for Chapter 7, the person filing must pass a bankruptcy means test, which determines how much disposable income he or she has available. The debtor’s income must be at or below the state median in order to be able to file. The debtor must also complete a credit counseling course within 180 days of filing for bankruptcy.
Chapter 7 Bankruptcy Process in Oakton
In addition to completing the credit counseling course and paying all required fees, the debtor must provide the following information:
A list of all assets and property
A complete list of creditors and how much money is owed to each
All sources of income and the frequency in which the debtor receives the income
A detailed list of monthly living expenses, including clothing, shelter, food, transportation, medicine, utilities, and any other financial obligations the debtor may have.
Oakton Chapter 13 Bankruptcy Attorney
When debt and financial problems become overwhelming, many people seek relief in filing for bankruptcy. Though there are many types of bankruptcy, under Chapter 13 Bankruptcy laws in Oakton, VA, the debtor’s property is not sold, like in cases of Chapter 7 filing. Instead, when you declare bankruptcy, you agree to a repayment plan to creditors over the course of 3 – 5 years in exchange for debt relief.
The Chapter 13 Bankruptcy Process in Oakton
During the bankruptcy filing process, filers will be able to propose a repayment plan to the creditors and the bankruptcy court, detailing all of your debts and how you plan to repay them over a period of time. The court will then hear any objections, and then confirm the plan on the basis that it is feasible, compliant and proposed in good faith.
You will then make a monthly payment to a court-appointed bankruptcy trustee, who distributes your money to your creditors. Debts will be wiped out only when the 3-5 year repayment plan has been completed.
In order to be considered for a Chapter 13 filing in Oakton Virginia, you must receive mandatory pre-filing credit counseling through a nonprofit credit counseling agency. This credit proves that you have sufficient income to meet the filing requirements. After filing, you also will have to take a second debtor education course, to be completed by the end of your payment plan.
If at some point during the course of your plan your financial situation changes and you are unable to make the payments, you may be able to appeal to the court and modify the amount being paid to your unsecured creditors. If this isn’t feasible, you may be able to switch to a Chapter 7 bankruptcy case or dismiss your Chapter 13 case. If you are falling behind in payments, speak to your Oakton bankruptcy lawyer on the best option moving forward.
A Chapter 13 bankruptcy case is resolved when the repayment plan has been completed, the budget counseling course has been completed, and all obligations of child support or alimony are current. All of your debt will then be wiped free, except for any applicable mortgages or student loans.
Emergency Bankruptcy Attorney Oakton Virginia
Emergency bankruptcy filings are sometimes necessary in Oakton 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 Annandale 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 Oakton 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.
Oakton Virginia – About
Oakton is a suburb of Washington, D.C. with a population of 37,166. Oakton is in Fairfax County and is one of the best places to live in Virginia. Living in Oakton offers residents an urban-suburban mix feel and most residents own their homes. In Oakton, there are a lot of restaurants, coffee shops, and parks. Many families and young professionals live in Oakton.
Oakton, Virginia, is a census-designated place in Fairfax County. At just 10 square miles, Oakton residents get a taste of small-town living while enjoying all of the conveniences that come from their Northern Virginia location and proximity to Washington, D.C. Quiet neighborhoods mixed with convenient shopping centers make Oakton a great choice for those looking for a slower pace outside of the city.
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: