Springfield Bankruptcy Attorney
Get a Bankruptcy Lawyer Near Me
Are you considering filing for bankruptcy in Springfield Virginia? Trying to file for bankruptcy on your own can be a complicated and overwhelming task at best. What you need during a financial crisis is the help of an experienced Springfield bankruptcy attorney who can help lead the way and get you the fresh start you and your family deserve.
At Fisher-Sandler, LLC we are experts when it comes to everything bankruptcy related. With 40+ years of combined bankruptcy law experience both Nathan Fisher and Michael Sandler can help you get your financial life back. We have filed thousands of successful bankruptcy petitions for our Northern Virginia and Springfield residents and small business owners since 1999.
We specialize in Chapter 7 bankruptcy, Chapter 11 bankruptcy, and Chapter 13 bankruptcy. Both Nathan and I know what it feels like to be constantly harassed by creditors day and night. Whether you’re facing a home foreclosure, wage garnishment, car or truck repossession, creditor lawsuit or judgments, frozen bank account/accounts, IRS tax levy, eviction, utility bill cut-offs, etc…Fisher-Sandler can help you today! Call our offices today at (703) 691-1642 to schedule your FREE consultation.
Bankruptcy Services in Springfield VA
As one of the largest, most experienced consumer bankruptcy law firms in Northern Virginia, our entire focus is on offering comprehensive debt relief solutions for Virginians like you and helping you decide if bankruptcy is the right option for you. Everyone’s financial situation is unique, but if you are struggling like so many others in Springfield VA, take a deep breath and remember that you have options. Whether it’s stopping foreclosure on your home, Chapter 7 bankruptcy, Chapter 13 bankruptcy, Foreclosure mediation, loan modification, or debt collector harassment, we are here to help you.
Fisher-Sandler has helped thousands of people like you in Springfield Virginia to eliminate or reduce their debt, save their homes, stop abusive creditors, and move on with their lives.
Our Bankruptcy Services Offered in Springfield:
– Foreclosure Defense
– Student Loan Modification
– Property Exemptions
– Tax Forgiveness
– Auto Repossessions
– Stop Creditor Harassment
Springfield Chapter 7 Bankruptcy Attorney
Chapter 7 bankruptcy is designed to help people who are unable to pay their existing debts. It allows you to “discharge” (i.e., eliminate) most typical consumer debts including, credit cards, personal loans, checking account overdrafts, certain tax debts, medical bills, and utility bills.
Frequently, people try to make minimum payments for years and attempt to work with their creditors, only to find themselves no better off than when they started. Chapter 7 bankruptcy is a responsible way for you to reorganize your finances, liquidate your debt, and have one chance to hit the reset button on their financial lives.
Benefits of Filing Chapter 7 Bankruptcy in Springfield
One of the primary advantages of a Chapter 7 bankruptcy is that it provides individuals a “fresh start.” In a Chapter 7 case, the bankruptcy court issues an order that discharges (or releases) the individual (who is called a debtor) from personal liability for most types of debt. Chapter 7 discharge also creates legal protection called the “automatic stay” that prevents creditors from taking any further collections actions or filing any lawsuits to collect on the discharged debts.
Unlike other bankruptcy options, a Chapter 7 bankruptcy does not involve a repayment plan. That is because there is no repayment requirement in a Chapter 7 bankruptcy. Instead, the debtor is allowed to keep certain property (which is called “exempt” property) and a bankruptcy trustee then sells the debtor’s remaining assets, if there are any. However, because of the generous exemptions allowed in Virginia, most individuals who qualify for Chapter 7 bankruptcy relief do not have to give up any property.
Filing For Chapter 7 Bankruptcy Protection
Because Congress intended for Chapter 7 bankruptcy to be for those who have significant debt problems, a “means test” is conducted in order to determine whether an individual qualifies to file for bankruptcy relief under Chapter 7. The means test looks at monthly income, expenses, and debts in order to verify that the individual is not able to repay any of his or her debts. Bankruptcy laws generally also require that individuals receive approved individual or group credit counseling within 180 days before filing for bankruptcy relief.
Bankruptcy laws are constantly changing as new court decisions are released. Most of the changes have to do with the rights of creditors and debtors regarding certain types of debts and assets.
The knowledgeable and experienced Springfield bankruptcy attorneys at Fisher-Sandler, LLC can help you with all bankruptcy-related requirements so that you can get your fresh start. Call us today at (703) 691-1642 to schedule your FREE consultation.
Springfield Chapter 13 Bankruptcy Attorney
If you are dealing with a difficult financial situation, Chapter 13 bankruptcy might be the answer for you. Chapter 13 bankruptcy can enable you to restructure your debts into a manageable payment plan that will last three to five years. Additionally, you can keep most of your personal property while eliminating your debt. By establishing a new payment structure, you can regain control of your finances.
What Is Chapter 13 Bankruptcy in Springfield?
Chapter 13 is the type of bankruptcy used for individual debt adjustment. Under this type of bankruptcy, the Bankruptcy Code allows eligible persons to keep their property and assets by gradually paying off their debts. This is also known as reorganization bankruptcy since an individual ends up paying back most of his or her debts. The payment plan typically spans over the course of three to five years. After the payment plan has been concluded, the remaining debts are discharged. You should contact an experienced Chapter 13 bankruptcy attorney in Springfield Virginia for more information.
The debts that are eligible for the payment plan in Chapter 13 include secured claims, unsecured priority claims, and general unsecured claims. A secured debt allows the creditor to take a person’s property if they don’t repay the debt. An unsecured debt, on the other hand, doesn’t allow the creditor to do this, as in the case of credit cards or medical bills. The priority debts are debts in which the creditor can’t collect on a debtor’s assets, but bankruptcy law gives them special rights so as to ensure that they get their money. These have to be paid back in full unless the creditor otherwise states.
The debtor that chooses to file for Chapter 13 is entitled to discharge of debts after all payments under the plan are made. If you are filing for this type of bankruptcy, then it is very important to contact an experienced Springfield bankruptcy attorney from The Law Offices of Fisher-Sandler, LLC so our legal team can advise you on the best course of action to pursue your individual case.
Springfield Chapter 11 Bankruptcy Attorney
If you are seeking to reorganize your debt or simply want to restructure large amounts of debt, Chapter 11 bankruptcy might be the right choice. This type of bankruptcy is similar to Chapter 13 bankruptcy, and it is important that you carefully examine the benefits and drawbacks of each type of bankruptcy before you file.
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.
Emergency Bankruptcy Attorney Springfield VA
Emergency bankruptcy filings are sometimes necessary in Springfield 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 Springfield 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 Springfield 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.
Sometimes it is necessary to act quickly when filing for bankruptcy. This could be true if you need the protection of an automatic stay right away or if, for some other reason, you cannot wait to complete the majority of the bankruptcy forms. If this sounds like you, then you can file a bare-bones emergency bankruptcy form and file the rest later.
Springfield Virginia – About
Springfield is the main business center in the southern part of Fairfax County, which was originally founded as a station on the Orange and Alexandria Railroad in 1847. Springfield, Virginia is a nice local spot with ample entertainment opportunities both inside and out. Experience the dam, the lake area trails and picnicking at Lake Accotink. The Lake Accotink reservoir is surrounded by parks, easy access fishing, hiking trails, kayaking, and paddleboat rentals. If shopping and dining is more your style, make sure to add Springfield Town Center to your list of stops. The Springfield Town Center has various shopping, dining, and entertainment options.
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: