Stafford Bankruptcy Attorney – Call (703) 494-3323
The experienced Stafford bankruptcy attorneys at Fisher-Sandler offer over 60 years of combined bankruptcy counsel and representation to consumers and small business owners who can no longer manage the burden of their debts. If you are considering bankruptcy anywhere in the Stafford area, speak right away with a good Stafford bankruptcy lawyer at Fisher-Sandler today.
Stafford Bankruptcy Attorneys & Foreclosure Defense Lawyers
Fisher-Sandler Law is a full-service bankruptcy law firm providing the Stafford area with bankruptcy services, along with uncontested divorce, mortgage loan modification and student loan modification services. If you need bankruptcy legal help, contact Fisher-Sandler Law immediately for a free consultation.
We understand that no matter how similar two bankruptcy cases may appear, no two cases are ever identical in all respects, and our attention to detail allows us to create winning strategies that are tailor-made to suit the needs of each client.
Our Stafford bankruptcy lawyers, Michael Sandler and Nathan Fisher take pride in developing mutually beneficial relationships with our clients by ensuring that each client understands every aspect of his or her bankruptcy case.
Stafford Virginia Bankruptcy Attorney Services Offered:
- Chapter 7 Bankruptcy
- Chapter 13 Bankruptcy
- Chapter 11 Bankruptcy
- Emergency Bankruptcy Filing
- Uncontested Divorce
- Mortgage Loan Modification
- Student Loan Modification
Stafford Chapter 7 Bankruptcy Attorney
If you are wrestling with overwhelming debt in the Stafford area – and the debt is winning – we can help. One option is filing a Chapter 7 bankruptcy, the most frequent kind of personal bankruptcy. A Chapter 7 bankruptcy discharges credit card debt, medical debts, auto loans, mortgage debt, and sometimes more.
Since Chapter 7 bankruptcy is designed for average-income and low-income persons, you must pass a means test to qualify. The test compares your income against the median household income in Virginia. Almost anyone whose income is below the median will be eligible for Chapter 7 bankruptcy, but if your income is higher, you may still qualify under certain conditions.
Bankruptcy isn’t for everyone who is struggling with debt, but for some, a Chapter 7 bankruptcy is the only realistic option. When you consult an experienced Stafford Chapter 7 bankruptcy lawyer at Fisher-Sandler, we can evaluate your financial circumstances and offer you practical advice regarding the means test, bankruptcy, and your other legal options.
Stafford Chapter 13 Bankruptcy Attorney
A Chapter 13 bankruptcy is a legal tool that allows debtors to create and follow a realistic debt payment plan. When you file for bankruptcy under either Chapter 13 or under Chapter 7, an order for relief – an “automatic stay” – goes into effect.
The automatic stay prevents creditors from harassing you about mortgage debt, credit card debt, auto loan debt, and medical bills during the period of the bankruptcy. A Chapter 13 bankruptcy usually allows those with a regular income to pay their debts over a period of three-to-five years, and it consolidates those debts into one monthly payment. It’s the legal way to avoid foreclosure or repossession and to begin managing out-of-control debt effectively.
A number of factors determine if you are eligible to file a Chapter 13 bankruptcy. In the Stafford area, if you believe that a Chapter 13 bankruptcy might be best for you, speak right away with an experienced Stafford Chapter 13 bankruptcy lawyer at Fisher-Sandler Law Firm.
Contact Our Experienced Stafford Bankruptcy Lawyers Today
The larger law firms handle a huge volume of cases and often cannot give a particular case the special attention it needs. In those firms, the “smaller” cases are often passed on to junior associates who may not be adequately experienced or sufficiently qualified.
The experienced Stafford bankruptcy lawyers at the Fisher-Sandler Law Firm handle your case personally; you aren’t handed over to an assistant, and you never become just another case number. Fisher-Sandler maintains high professional standards; provides affordable, quality bankruptcy legal services, and works hard to bring your case or legal concern to its best possible resolution.
Contact Fisher-Sandler today and schedule a free consultation by completing the form on this website’s contact page or by calling 703-494-3323.
Is Bankruptcy Right For Me?
There’s no rule about when or for whom bankruptcy is right. A good Stafford bankruptcy lawyer will evaluate your individual circumstances before suggesting any particular legal alternative. In some circumstances bankruptcy is the only option; in other cases, another approach may be less expensive and equally favorable. Contact Fisher-Sandler, and a good Stafford bankruptcy lawyer can help you make the right decision
Chapter 7 bankruptcy is the most common bankruptcy; all of a person’s unsecured debts (such as credit card debt, medical debts, car repossession, or home foreclosure judgments) are liquidated. Chapter 7 is primarily for those without income or with income insufficient to satisfy their debts.
Chapter 13 bankruptcy requires attention to detail in drafting an acceptable plan, negotiating with creditors, and dealing with the Chapter 13 Trustee’s office. Furthermore, if you file a Chapter 13 bankruptcy to maintain your home or other assets, it’s imperative to have guidance from an experienced Stafford bankruptcy lawyer. Otherwise, a simple mistake can cost dearly.
Stafford bankruptcy lawyers – Call (703) 494-3323
Chapter 7 bankruptcy may remain on your credit record for ten years; a Chapter 13 bankruptcy is customarily for removed after seven. Surprisingly, bankruptcy can actually improve your credit score, but it can rarely erase all of a person’s debts. Unsecured debts such as credit cards, medical bills, auto repossessions, and foreclosure judgments can be erased or discharged, but other unsecured debts cannot be. That’s another reason bankruptcy candidates need to consult with a good Stafford bankruptcy lawyer at Fisher-Sandler, LLC.
Contact our Experienced Stafford Bankruptcy Lawyers Today
It costs nothing to begin the bankruptcy process with a free consultation. Let us help you restore your financial health. The Stafford bankruptcy lawyers at Fisher-Sandler Law Firm maintain the highest professional standards and provides quality legal services at a reasonable cost.
If you need to file for bankruptcy or simply need to know if it’s right for you, contact Fisher-Sandler today and schedule a free consultation online or by calling (703) 494-3323.
Chapter 7 bankruptcy is the most commonly filed type of personal bankruptcy in the Stafford area. It is also known as Individual Liquidation, Liquidation Bankruptcy, or Straight Bankruptcy. Essentially, all of an individual’s unsecured debts are discharged in a Chapter 7 bankruptcy.
The main reason to file Chapter 7 bankruptcy is to discharge debts such as credit card debt, medical debts, auto loans, and mortgage debt. Read more information about this type of bankruptcy or call our experienced Stafford Chapter 7 bankruptcy lawyers today.
Given the option of filing either a Chapter 7 or a Chapter 13 bankruptcy, for most people, a Chapter 7 bankruptcy is probably preferable. The reason is simple. A Chapter 7 bankruptcy usually discharges most types of consumer and household debts. Only some specific, non-dischargeable debts such as student loans, child support payments, and certain types of taxes are not covered by Chapter 7 bankruptcy. On the other hand, Chapter 13 bankruptcy usually requires the repayment of debts within a three-to-five-year period.
Contrary to what people may have believed in the past, you do not have to be wealthy, formerly wealthy, or totally penniless either to file for bankruptcy. It all depends on your ability to meet your financial obligations.
Since Chapter 7 bankruptcy is designed for average-income and low-income individuals, the high number of Chapter 7 bankruptcies has led to more restrictions, so qualifying for a Chapter 7 bankruptcy is not as easy as it used to be, contact our Stafford bankruptcy lawyers today at Fisher-Sandler, LLC.
Who Can Qualify For Chapter 7 Bankruptcy?
Not everyone who qualifies for a Chapter 7 bankruptcy should necessarily file for bankruptcy. Bankruptcy is not a fool-proof solution to all financial problems, and if it’s not approached with care, caution, and the advice of a good bankruptcy lawyer, bankruptcy could end up causing you more financial harm than good.
Never file for bankruptcy without first having an exhaustive consultation with an experienced bankruptcy lawyer. Eligibility for Chapter 7 bankruptcy is determined by a “means test.” An experienced Stafford Chapter 7 bankruptcy lawyer at Fisher-Sandler can examine your financial position and then offer you practical advice regarding the means test, bankruptcy, and your other legal options if bankruptcy isn’t best for you.
The Means Test
Since 2005, the bankruptcy code has required a means test to determine if a bankruptcy candidate meets the basic requirements for a Chapter 7 bankruptcy. The Chapter 7 means test compares your income to the median income earned by workers in your state. The median income varies from one state to another, and generally speaking, almost everyone whose income is below their state’s median can qualify for Chapter 7 bankruptcy.
However, if your income is above the state median, you may still qualify if you meet certain conditions. Your lawyer can determine if you meet the criteria for a Chapter 7 bankruptcy, but most high-income individuals will find it difficult to qualify for Chapter 7 bankruptcy under the requirements of the means test.
Chapter 7 bankruptcy is primarily for those individuals who do not have a regular monthly income or whose income is inadequate to pay their debts. If you believe that filing a Chapter 7 bankruptcy may be right for you, get the sound legal counsel you need and speak right away with an experienced Stafford Chapter 7 bankruptcy lawyer at Fisher-Sandler Law Firm. Once your eligibility is established, we can guide you through the process of filing a Chapter 7 bankruptcy.
Relief From Creditor Harassment
Constant harassment by creditors is not only emotionally taxing but depending on the methods of collection, it could be a real source of embarrassment. Fortunately, when you file for Chapter 7 bankruptcy, an order for relief – called an automatic stay – goes into effect.
The automatic stay will prevent creditors from harassing you about debts related to foreclosure, credit cards, repossession, payday loans, medical bills, and many other debts. Also, when you file for Chapter 7, much of the property you own – except for your exemptions – comes under the control of the bankruptcy court.
You will not be able to sell or give away any of that property without the consent of the court. At the conclusion of the Chapter 7 process, your debts will be discharged by the court, except for non-dischargeable debts such as child support, tax debts, and student loans.
Contact Our Experienced Stafford Chapter 7 Bankruptcy Lawyers
Since 2005, the Chapter 7 bankruptcy process is longer, more expensive, and undeniably harder. The reason for this is simple: before 2005, the requirements for a Chapter 7 bankruptcy were less precise, and the system was being abused.
Moreover, simply qualifying for a Chapter 7 bankruptcy is no guarantee that your bankruptcy petition will be approved. And even if you qualify, a Chapter 7 bankruptcy petition can be rejected if it isn’t properly filed. The law does not require you to be represented by a bankruptcy lawyer, but far too much is at risk to go it alone.
If you’re in the Stafford area, and if you’re considering a Chapter 7 bankruptcy or if you need to learn more, speak at once with an experienced Stafford Chapter 7 bankruptcy lawyer at Fisher-Sandler Law Offices. Let us help you get a fresh financial start. Contact Fisher-Sandler today by completing the form on this website’s contact page or by calling (703) 494-3323.
Chapter 13 bankruptcy is also known as a personal reorganization or reorganization bankruptcy. More accurately, it is usually referred to as a Wage Earner’s Plan since it is essentially a tool that allows debtors to implement a practical plan for the repayment of debts. Chapter 13 bankruptcy enables individuals with regular income to repay their debts over a specified period of time.
Individuals who want to keep income that would be lost under a Chapter 7 bankruptcy may prefer the Chapter 13 option for this reason. In the Stafford Virginia area, if you think Chapter 13 bankruptcy might be right for you, speak right away with an experienced Stafford Chapter 13 bankruptcy lawyer at Fisher-Sandler.
Chapter 13 bankruptcy consolidates your debts into one monthly payment. The process can help individuals restructure their debts, avoid foreclosures, and manage out-of-control debt. Chapter 13 bankruptcy is appropriate when an individual’s monthly expenses exceed his or her monthly income. It allows someone with a regular monthly income to design a plan to repay all or part of his or her debt.
Advantages Of Chapter 13 Bankruptcy
When you file for Chapter 13 bankruptcy, an order for relief – called an automatic stay – goes into effect. The automatic stay will prevent creditors from harassing you about debts related to: foreclosure, credit cards, repossession, payday loans, medical bills, and many other debts.
Chapter 13 payment plans range from three to five years based on your income and other circumstances. During the period of your repayment plan and while your bankruptcy’s automatic stay is in place, creditors are forbidden to start or continue collection efforts.
Chapter 13 bankruptcy has several advantages over Chapter 7 bankruptcy. For example, under a Chapter 13 bankruptcy, a family facing foreclosure has an opportunity to save their home. Under the provisions of a Chapter 13 bankruptcy, all debts, including mortgages, are spread out over a period of usually 3 to 5 years – the life of the bankruptcy.
The same provisions also apply to other secured debts and allow debtors to reschedule the payment of these debts on terms that take into account their present financial statuses and abilities. However, it is worth pointing out that although these provisions are useful in postponing the repayment of the debts, these debts are not “written off” or discharged in a Chapter 13 bankruptcy, and the repayment plan must be one that covers the debts completely during the life of the bankruptcy.
Secondly, filing for Chapter 13 bankruptcy is beneficial in the sense that it offers protection for third parties involved in all the applicant’s debts. This means that co-signatories who signed for loans in conjunction with the debtor are no longer obligated after the bankruptcy filing.
Chapter 13 bankruptcy can also be an efficient way of dealing with debt for individuals who may not possess the requisite financial expertise to create their own repayment plan. Under a Chapter 13 bankruptcy, all non-dischargeable debts are put together into what can be described as a consolidated loan.
Managing the clearance of this loan over the life of the bankruptcy is a task assigned to a professional trustee. It is the work of the trustee to design a repayment plan, based on your monthly income, to clear this “loan.” Clearing debts and loans through a trustee in this way also has the advantage of saving you from harassment by creditors, since all creditors obtain their payments through the trustee and are barred from directly asking you for payment. The only way creditors can request any direct payment from you during bankruptcy is with a legally-obtained court order.
Eligibility For Chapter 13 Bankruptcy
According to the U.S. bankruptcy code, no person can file for any chapter of bankruptcy unless he or she has received counsel from an accredited bankruptcy counseling agency within the previous 180 days. The only exception to this rule is when a trustee determines that there are no qualified agencies available to the applicant.
Additionally, individuals whose bankruptcy applications were dismissed within the previous 180 days for specific reasons, such as a willful failure to respond to a court summons, are also not eligible to apply. Our experienced bankruptcy lawyers can advise you on all of the conditions for bankruptcy eligibility and compliance.
A wide range of factors will not only determine your eligibility for Chapter 13 bankruptcy but will also dictate whether or not your bankruptcy turns out successfully. Nevertheless, a simple mistake like indicating the wrong filing status could delay your bankruptcy or even endanger its approval. Have an experienced bankruptcy lawyer guide you through the entire bankruptcy filing process.
End Your Financial Anxiety With Our Stafford Chapter 13 Lawyers
Have you lost sleep over an unmanageable financial situation? Are you counting the days until foreclosure? If so, you may be a good candidate for Chapter 13 bankruptcy. We will handle your bankruptcy personally; you aren’t shoved over to a paralegal or assistant, and we do not let you become just another case number.
The bankruptcy lawyers at Fisher-Sandler maintain high-quality professional standards and provide quality, affordable legal services. Contact our experienced Stafford Chapter 13 bankruptcy lawyers today, and schedule a free consultation through this website’s contact page or by calling (703) 494-3323.
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Stafford Virginia – About
Located in the northeast corner of the state, Stafford, Virginia, is a living history book for both residents and visitors to the area. Named for Staffordshire, England, it was near this area that the legend of Pocahontas was born. Located along the banks of the Rappahannock River, Stafford, VA, is one of the most historic colonial-era cities in the United States.
Stafford, Virginia, has one of the highest concentrations of museums and historical sites in the United States. There is something here for every historical taste and interest level. The best historical tour of the area starts with Aquia Church. Built between 1751 and 1757, Aquia Church is one of the oldest colonial churches still in operation today. The Stafford Civil War Park commemorates 1863 winter encampments of the 11th Corps of the Union Army, following the 1862 Battle of Fredericksburg. The park includes historic markers, picnic tables, interpretive signs, and walking trails for a day of history and fun. After a morning at Civil War Park, a stop at Government Island is a must for any Stafford history tour. The 17-acre historic site is also known as “America’s Historic Stone Quarry.” The stone that was used to build both the U.S. Capitol and the White House was taken directly from this location. The park includes a beautiful boardwalk and scenic trail. For the nature lover, Stafford, VA, is also home to some amazing national parks and trails. From easy strolls to challenging hikes, Stafford has something for every experience level. Stafford’s charms don’t stop with history and outdoor excursions. The community’s vast collection of artisan and eclectic shops keep those with an eye for something unique and special satisfied. Stafford roads and byways are dotted with gourmet and farmers markets, art studios, and even alpaca farms.
Source: Long & Foster