Varina Bankruptcy Attorney
Get a Bankruptcy Lawyer Near Me
Filing for bankruptcy in Varina can be complicated without an experienced attorney. When you are facing the likes of a wage garnishment, foreclosure, car repossession, creditor lawsuits, judgments, eviction, utility bill cut-offs, IRS tax levy, frozen bank account/accounts, etc you need a Varina bankruptcy attorney on your side. Someone who knows the United States bankruptcy code inside and out. With so many changes to the bankruptcy code in 2005, it becomes confusing and overwhelming to try and figure it out on your own.
At Fisher-Sandler, LLC – Richmond, VA we specialize in filing Chapter 7 Bankruptcy, Chapter 13 Bankruptcy and Chapter 11 Bankruptcy (for individuals) along with Uncontested Divorce, Loan modifications, and Student Loan Modifications. Michael Sandler, Sharon Choi Stuart, and Nathan Fisher have a combined 60 years of bankruptcy law experience. We have helped thousands of residents and small business owners in Varina, Richmond and Henrico County file successfully for bankruptcy protection under the US bankruptcy code since 1999.
Bankruptcy Services in Varina
Whether you are facing wage garnishment, home foreclosure, eviction, utility bill cut-off, frozen bank account, car repossession, IRS tax levy, creditor lawsuit, medical bills, student loan debt, etc. The Varina bankruptcy lawyers at Fisher-Sandler, LLC can help. With over 60 years of Virginia bankruptcy law experience, our bankruptcy attorneys can help you through the maze of the US bankruptcy code and help you get your life back. Below are just a few of the bankruptcy services we provide to our Varina Virginia clients.
Our Varina Bankruptcy Services:
– Foreclosure Defense
– Student Loan Modification
– Property Exemptions
– Tax Forgiveness
– Auto Repossessions
– Stop Creditor Harassment
Varina Chapter 7 Bankruptcy Attorney
Chapter 7 bankruptcy, also known as liquidation bankruptcy, allows the debtor to pay some debts by liquidating selected assets, leaving other assets in place. The court then orders that the non-exempt debts not covered by the liquidated assets be forgiven. Once a debtor files for Chapter 7 bankruptcy, all efforts to collect debts—harassing phone calls and letters, wage garnishments, and civil suits—must stop because of the “automatic stay” provision of the law. The debtor is “protected” by law from such actions by creditors.
Some individuals faced situations where they cannot pay their bills in a timely manner, debt is mounting and they face a dire financial situation. These people have a lot to consider about the future. They may consider the process of filing for bankruptcy. When you need to wipe the slate clean and give yourself a fresh start, you may want to consider filing for Chapter 7. Chapter 7 bankruptcy is the process of liquidating assets in order to repay creditors and start fresh.
Filing For Chapter 7 Bankruptcy in Varina
Filing Chapter 7 bankruptcy does not mean you lose all of your property or possessions. The bankruptcy law is designed to protect individuals’ cars, homes, bank accounts, and other assets up to certain values. In the great majority of bankruptcy cases, consumers are allowed to keep their cars, homes, bank accounts and other household items. The amount of protection is different for each state. If your assets are above the value allowed, the Bankruptcy Court could potentially sell them to pay your creditors.
Depending on which state you live in, you may be entitled to select between State exemptions and Federal exemptions which are different laws that protect different assets in different ways. The safest way to ensure that all of your assets are protected is to consult with a lawyer for bankruptcy evaluation.
After bankruptcy, you can recover good credit in about two years. Filing for bankruptcy does not mean 7 to 10 years of bad credit – that is a myth. Credit card companies usually offer you new credit cards right after the bankruptcy is over. Qualifying for a mortgage will take about three years after bankruptcy.
Varina Chapter 13 Bankruptcy Attorney
For many individuals who do not qualify or have debt relief needs that cannot be addressed by Chapter 7 bankruptcy, Chapter 13 is an effective route. Chapter 13 bankruptcy provides debtors the breathing room they need to pay back some or all of their debts over an extended period of time. By establishing a repayment plan that is tied to what you can afford, a successful Chapter 13 filing can relieve much of the stress and burden of overwhelming debt.
Also known as “debt reorganization” or “wage earner’s bankruptcy,” Chapter 13 is a more complicated and time-consuming process than Chapter 7 bankruptcy. For various reasons, however, chapter 7 bankruptcy is not for everyone. For those who do not qualify because their income or assets exceed eligibility requirements, those who have filed for Chapter 7 in the past eight years, or those who have tax debt issues or defaults that cannot be cured through Chapter 7, Chapter 13 may be the right solution. In this form of bankruptcy, you repay all or some of your debt over three to five years, and it protects your home and car from foreclosure and repossession.
Filing For Chapter 13 Bankruptcy in Varina
In addition, Chapter 13 offers advantages that Chapter 7 does not. You can cure delinquent mortgage amounts over time, as long as you continue to make repayments in a timely fashion. It allows you to reschedule other secured debts, such as a car loan, stretching them out over an extended period. In addition, Chapter 13 provides protections to third parties who are jointly liable for consumer debts, such as co-signers on a loan.
Chapter 13 is essentially a debt consolidation process. After your reorganization plan is approved by the bankruptcy court, you will make payments to the bankruptcy trustee, who will then distribute those payments to your individual creditors. At the successful conclusion of the repayment plan, the remaining debt is discharged. As with Chapter 7, once we file your Chapter 13 petition, an automatic stay will take effect, ending virtually all creditor harassment.
The Automatic Stay
An automatic stay is put in place when you file for Chapter 7 or Chapter 13 bankruptcy. This automatic stay prohibits most creditors from continuing with collection activities and can provide welcome relief to debtors. In some ways, an automatic stay can be one of the main reasons people decide to file for bankruptcy. In many ways, it allows a debtor to regroup.
Either Chapter 7 Bankruptcy or Chapter 13 Bankruptcy will immediately stop foreclosure. If you are delinquent on your mortgage or car loan, if you want to keep your car or home, you will have to file a Chapter 13 Bankruptcy. If you do not intend to keep your car and/or home, you can forfeit them in bankruptcy. This may prevent the foreclosure or repossession from being reported on your credit report, but most importantly it will stop the immediate threat of repossession or foreclosure and give you time to think about what you really want to accomplish in your bankruptcy.
Varina Chapter 11 Bankruptcy Attorney
Chapter 11 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.
Filing Chapter 11 Bankruptcy in Varina
The highly experienced bankruptcy 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.
Varina Emergency Bankruptcy Attorney
An emergency bankruptcy filing is not very different from what it sounds like. If you need to file for bankruptcy ASAP for whatever reason, an emergency bankruptcy filing might be the right choice.People often opt for the expedited process of bankruptcy filing ahead of some catastrophic event such as an eviction, foreclosure, the repossession of a vehicle, or when facing the risk of a lawsuit.
Emergency Bankruptcy Filing in Varina
An emergency bankruptcy filing, on the other hand, is a streamlined process that you can use when you urgently need to stop a creditor from collecting on your debts. An emergency filing can expedite the process to trigger the automatic stay before you have all the necessary documents prepared. The automatic stay prevents creditors from continuing or resuming any action against you, including harassment from creditors.
Let our Varina bankruptcy attorney at Fisher-Sandler, LLC, determine whether an emergency filing is the most optimal choice for your particular circumstances. Call at (804) 664-3643 to schedule your FREE consultation.
Varina Virginia – About
Located in one of the eight original shires established by the first colonists, Varina, Virginia, offers residents both a historic and a cultural place to put down roots. Varina is close to the banks of the James River, and residents are spoiled for choice when it comes to outdoor activities. The rural nature of the community is sure to appeal to you if you’re looking to move away from the chaos of the city while still remaining connected to city life. Additionally, the central Virginia area is undergoing a revival, with plenty of new arts and cultural activities that you may be eager to take part in.
Other Cities Served in Henrico County:
- East Highland Park
- Glen Allen
- Henrico County
- Highland Springs
- Short Pump
Henrico County Zip Codes Served: