Old Church Bankruptcy Attorney
Get a Bankruptcy Lawyer Near Me
Are you considering filing for bankruptcy in Old Church Virginia? When in times of financial distress it may be in your best interest to consult with an experienced Old Church bankruptcy attorney Many times when facing mounting personal debt it can become overwhelming and cause you to take no action at all. With changes made to the US bankruptcy code in 2005, it can be very scary and confusing to try to go it alone.
At Fisher-Sandler, LLC – Richmond, VA we specialize in chapter 7, chapter 11 (for individuals) & chapter 13 bankruptcy. With over 60 + years of combined experience, Nathan Fisher, Michael Sandler, and Sharon Choi Stuart have filed thousands of successful bankruptcy petitions for Old Church and Richmond residents and small business owners since 1999. With our expertise with the bankruptcy laws of Virginia, you can be rest assured your bankruptcy case will be handled with care and filed correctly the first time.
If you are currently facing the prospect of foreclosure, wage garnishment, car repossession, frozen bank account/accounts, eviction, utility bill cut-offs, IRS tax levy, creditor lawsuits & judgments Fisher-Sandler can help stop your financial nightmare. Stop living and fear and get the fresh start you deserve. Call our offices today at (804) 664-3643 for your FREE consultation.
Bankruptcy Services in Old Church
When situations beyond your control put you and your family in dire financial straits, bankruptcy might be the right choice. If you are considering bankruptcy in Old Church Virginia, the firm you choose to work with can make all the difference in the outcome of your case. Not all attorneys are bankruptcy attorneys and not all “bankruptcy attorneys” have a comprehensive understanding of Virginia bankruptcy laws. You need an Old Church bankruptcy lawyer on your side who understands your problems and will work hard to solve them.
Our Old Church Bankruptcy Services Offered:
– Foreclosure Defense
– Student Loan Modification
– Property Exemptions
– Tax Forgiveness
– Auto Repossessions
– Stop Creditor Harassment
Old Church Chapter 7 Bankruptcy Attorney
Over time, your debts may accumulate to a level that makes them impossible to pay off. Luckily, individuals have the option to clear their financial slates by declaring for bankruptcy. Of the many bankruptcy chapters, only Chapter 7 bankruptcy lets individuals actually discharge their debts.
Chapter 7 bankruptcy is a wide-ranging form of bankruptcy that applies to both consumers and businesses. In both cases, those who file for Chapter 7 bankruptcy are immediately protected by “automatic stay” and agree to have their non-exempt assets liquidated to pay off their non-discharged debts.
The term “liquidation” scares many people away from Chapter 7 because they fear losing what little property they have left. But in reality, many Chapter 7 debtors get to keep most, if not all, of their existing property. This is because federal and state law exempts certain categories of property from the bankruptcy process. For example, your primary residence is generally exempt from bankruptcy, although your property is subject to a size limit that varies depending on where you live.
As long as you make full and honest disclosure of your assets on your Chapter 7 petition, neither the bankruptcy court nor your creditors can touch any of your exempt assets. But it is also critical to understand that Chapter 7 bankruptcy is subject to a means test. In other words, if you own a large number of assets–or earn more than the median income for a Florida household–then you cannot file for Chapter 7. You may still be able to file for other types of bankruptcy, however, such as Chapter 13. At Fisher-Sandler, we can advise you of which bankruptcy fits your particular financial situation, as well as explain in greater detail the relative benefits and drawbacks of Chapter 7 bankruptcy.
Old Church Chapter 13 Bankruptcy Attorney
Chapter 13 bankruptcy can be a good debt relief option for people who have a steady income but just can’t keep up with their monthly bills. Also referred to as a wage earner plan, Chapter 13 is a type of debt reorganization that allows you to repay your debt over a three- to five-year period according to a court-approved repayment plan, often at more favorable rates and a lower principal designed to fit into your budget.
There are some distinct advantages to filing for Chapter 13 bankruptcy. Unlike Chapter 7 bankruptcy, you do not risk losing any of your property in a Chapter 13 filing. In addition, filing for bankruptcy under any chapter creates an automatic stay against any further collection activity from your creditors. This means that you won’t receive any more harassing phone calls or letters and any foreclosure or repossession action will be ordered to stop immediately upon the filing of the case. By closely reviewing our clients’ unique situations, our Old Church bankruptcy attorneys can help you in your case.
The repayment plan is generally executed over 5 years. Those who qualify for Chapter 7 but choose Chapter 13 instead can qualify for a 3-year plan. On the other hand, those with a lot of priority debt may opt-out of a 3-year plan given that their monthly payments are likely to be much higher. Opting for a 5-year plan also increases the likelihood that creditors and the court will accept your repayment plan.
Old Church Chapter 11 Bankruptcy Attorney
Chapter 11 bankruptcy was originally the chapter of “corporate reorganization,” but later became available to individuals as well. In light of the historical purpose and due to the piecemeal amendments to Chapter 11 over time, Chapter 11 is not necessarily well-tailored to the needs of an individual debtor. Therefore, handling an individual Chapter 11 is sometimes like “fitting a square peg in a round hole,” thus the need for Chapter 11 bankruptcy attorneys.
A Chapter 11 case puts the individual in charge of his or her own bankruptcy estate as the “debtor in possession.” In that capacity, the individual can propose a plan of reorganization to the court based on available assets and cash flow. Moreover, if an individual’s debts exceed the Chapter 13 debt limits or if the individual does not have a regular income, a Chapter 11 case may be the best or only option. This is also true if the person plans to fund a reorganization by the sale of assets or anticipated future income.
The highly experienced lawyers at Fisher-Sandler, LLC, are well-equipped to handle individual Chapter 11 cases and have decades of experience representing both borrowers and lenders in Chapter 11 cases throughout Virginia. Because of our diverse legal backgrounds and experience handling a wide variety of bankruptcy-related business and personal legal matters, we are sure we can help you resolve any issue, no matter how complex it may seem.
Old Church Emergency Bankruptcy Attorney
If you find yourself confronting a financial emergency such as eviction or the loss of your home through foreclosure, one option may be to file an emergency bankruptcy petition to protect your assets from creditors. When you file a voluntary petition to open a bankruptcy case, the federal court issues an automatic stay to stop most debt collection actions against you. An emergency bankruptcy petition can be a quick way to forestall foreclosure, repossession of your car, garnishment of your wages, eviction, and lawsuits by creditors.
Emergency Bankruptcy Filing in Old Church
Homeowners who are having trouble renegotiating the terms of a home mortgage and are threatened with immediate foreclosure within days may file an emergency bankruptcy petition to stop a foreclosure sale and prevent the loss of their home.
Workers who are having their wages garnished or who are threatened with having their wages attached may file an emergency bankruptcy petition to stop wage garnishment. A bankruptcy filing prevents most creditors from getting access to your income or taking debt collection action against you while the bankruptcy in pending. If your bankruptcy filing eventually leads to a discharge of the debt that was the basis of the wage garnishment, then the creditor cannot continue the wage garnishment at the conclusion of your bankruptcy.
A person who is about to be evicted or have their electricity or gas cut off because of unpaid utility bills may be a candidate for filing an emergency petition to prevent having your utilities turned off in the heat of summer or during freezing weather.
Old Church Virginia – About
Old Church is an unincorporated community in Hanover County in the Central Region of the U.S. state of Virginia. Formerly consisting primarily of farmland, today Old Church includes many residents who commute to jobs in the metropolitan Richmond area. Old Church is also known for a Civil War campaign in the area.
Other Cities Served in Hanover County:
- Ashland Mill
- Hanover County
- Old Church
- Wicker Corner
Hanover County Zip Codes Served: