Studley Bankruptcy Attorney
Get a Bankruptcy Lawyer Near Me
Are you considering filing for bankruptcy in Studley Virginia? With so many changes to the US bankruptcy code since 2005, it would be in your best interest to hire an experienced Studley bankruptcy attorney. When you are facing overwhelming financial debt it can become hard to focus on anything other than your poor finances. With constant creditor harassment taking a toll on you and your family.
At Fisher-Sandler, LLC – Richmond, VA bankruptcy is all we do. We specialize in Chapter 7 bankruptcy, Chapter 11 Bankruptcy & Chapter 13 Bankruptcy. Michael Sandler, Nathan Fisher, and Sharon Choi Stuart have a combined 60 + years of combined bankruptcy law experience. Fisher-Sandler has filed thousands of successful bankruptcy petitions for Studley and Richmond residents and small business owners since 1999. Stop living in fear and call our Bankruptcy Law Offices today at (804) 664-3643 to schedule your FREE consultation.
When facing so many financial situations like wage garnishment, home foreclosure, eviction, utility bill cut-offs, car repossession, frozen bank account/accounts, IRS tax levy & creditor lawsuits – judgments. You will need the assistance of a well versed top Studley bankruptcy lawyer. Fisher-Sandler, LLC has filed thousands of successful chapter 7 & chapter 13 bankruptcy cases since 1999. Stop your sleepless nights and get the fresh start you deserve. Call The Law Offices of Fisher-Sandler today at (804) 664-3643 to schedule your FREE consultation today. Let us help you get your life back and get back on your feet.
Bankruptcy Services in Studley
When situations beyond your control put you and your family in dire financial straits, bankruptcy might be the right option. If you are considering filing for bankruptcy in Studley Virginia, the bankruptcy law firm you choose to work with can make all the difference in the outcome of your chapter 7 or chapter 13 case. Not all attorneys are bankruptcy attorneys and not all “bankruptcy attorneys” have a comprehensive understanding of Virginia bankruptcy laws according to the US bankruptcy code. You need a Studley bankruptcy lawyer on your side who understands your problems and will work hard to solve them.
Our Studley Bankruptcy Services Offered:
– Foreclosure Defense
– Student Loan Modification
– Property Exemptions
– Tax Forgiveness
– Auto Repossessions
– Stop Creditor Harassment
Studley Chapter 7 Bankruptcy Attorney
Did you know that Chapter 7 bankruptcy in Studley Virginia is the most frequently filed type of bankruptcy in the United States? Chapter 7 bankruptcy centers around helping those with debt who have little to no income to pay back to their creditors. Every situation is different. A qualified Studley Chapter 7 bankruptcy attorney can best examine the details around your case and provide you with proper, legal consult. Individuals who are unable to pay their bills can file and essentially walk away from their debts to receive a fresh start. Businesses can also file for Chapter 7 bankruptcy to liquidate and terminate their operations.
To be eligible to file Chapter 7 bankruptcy in Studley, you must pass a “means test“, attend credit counseling and complete a debtor education course. The means test is a Virginia state income-based test to determine which type of bankruptcy that a debtor is qualified to file. Most people in Hanover County with minimal disposable income after paying bills monthly qualify for Chapter 7, but it is determined on a case-by-case basis. Chapter 7 is reserved for people who have no means to repay their debts. Our Studley Virginia Bankruptcy attorneys at Fisher-Sandler, LLC are here to help educate you on the Chapter 7 bankruptcy process in Studley Virginia.
Filing For Chapter 7 in Studley VA
Chapter 7 allows you to eliminate certain debt WITHOUT repaying creditors. You may be able to eliminate debts stemming from credit cards, medical expenses, utilities, personal loans, and deficiencies from foreclosure or repossession. Contrary to common misconceptions about Chapter 7 bankruptcy, a person who files for Chapter 7 may be permitted to keep their home or car or other property. If the property is encumbered by debt, then you will be able to keep the property as long as you keep the payments current and sign what is called a “reaffirmation agreement.” By signing the reaffirmation agreement, you agree that you will make payments according to the terms of the original loan.
You may still be able to file Chapter 7, even if you have equity in your home or car, as you are permitted to leave out certain property from your bankruptcy case. Federal and state law defines certain property as “exempt” from your bankruptcy case, which means such property cannot be touched by your creditors. The law provides you with a certain dollar amount for exemptions for different types of property.
Studley Chapter 13 Bankruptcy Attorney
Are you struggling with heavy debts that you cannot repay in Studley Virginia, but you have a regular income? Do you have assets such as equity in your home or other real estate that you do not want to be liquidated in a Chapter 7 bankruptcy? If so, then you may qualify for Chapter 13 bankruptcy protection.
As part of the initial qualification interview, you will need to provide all your income, assets, bills and expenses. As long as you have enough “disposable income” after you pay your living expenses, the court will allow you to work out a 3- to 5-year plan to repay your debts including late mortgage payments. In some cases, second mortgages can be eliminated by the bankruptcy court altogether.
How To File Chapter 13 Bankruptcy in Studley
Chapter 13 bankruptcy can stop the foreclosure of a home in Studley, Va and extend the time available to repay debts. Working with our chapter 13 bankruptcy attorneys can help Studley residents keep their property, avoid foreclosure, and make debt repayments. The Law Offices of Fisher-Sandler can help you find out if you are eligible for chapter 13 bankruptcy and we will advise you during every step of the process. Our chapter 13 bankruptcy attorneys in Studley have years of experience counseling people struggling with debt. Come to Fisher-Sandler, LLC in Richmond to get your questions about chapter 13 bankruptcy answered and to take the first step towards freedom from debt. Reach out to our legal team today to request your free consultation.
In 2005, Congress created a new bankruptcy law in which anyone who files for Chapter 7 must show that their monthly income is below the average income for people in their area. This is called the “means test.” If your income is above the designated average and you wish to file for bankruptcy, then you’ll be required to file Chapter 13 instead of Chapter 7. At your initial consultation, we’ll help you figure out if you’re eligible for filing under Chapter 7, or whether it makes more sense to file under Chapter 13.
Studley Chapter 11 Bankruptcy Attorney
Historically, individuals filed Chapter 11 bankruptcy when they exceeded the debt limits of Chapter 13. For instance, many celebrities and professional athletes are required to file a Chapter 11 rather than a Chapter 13 because they have far too much secured and unsecured debt. However, there are also a number of benefits in filing Chapter 11 for people who would otherwise qualify for Chapter 13.
A Chapter 11 debtor in Studley Virginia is a “debtor-in-possession” and no case trustee is appointed but, instead, the debtor retains control over the process.
As soon as a Chapter 11bankruptcy petition for relief is filed in Studley Virginia, the Office of the United States Trustee will schedule a Meeting of Creditors which is required by Section 341(a) of the Bankruptcy Code, where creditors are permitted to be present evidence why they should be paid. Creditors rarely appear for or participate in the Meeting of Creditors, however, and the real purpose of this meeting is for the OUST to interview the debtor(s) and determine if further investigation of the debtor(s) assets and liabilities is necessary.
Studley Emergency Bankruptcy Attorney
When you do not have enough time on your hands, you can file an emergency bankruptcy filing process known as an emergency bankruptcy filing (or skeleton filing), get the automatic stay in place, and submit the remaining documents later. The average bankruptcy petition is between 40 to 50 pages when completed. Such a huge amount of paperwork is just not feasible when you are facing a foreclosure auction, repossession, wage garnishment, collection lawsuit, or another time-sensitive situation.
Emergency bankruptcy filings are sometimes necessary in Studley 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 Studley 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 Studley 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 – FREE Consultation
Studley Virginia – About
Studley is an unincorporated community in Hanover County, Virginia, United States. Studley is 12 miles northeast of downtown Richmond. Studley has a post office with ZIP code 23162.
Other Cities Served in Hanover County:
- Ashland Mill
- Hanover County
- Old Church
- Wicker Corner
Hanover County Zip Codes Served: