Fairfax : 703-691-1642 Fredericksburg : 540-274-5566Richmond : 804-664-3643
Woodbridge : 703-494-3323 Fairfax : 703-691-1642 Fredericksburg : 540-274-5566 Richmond : 804-664-3643

Filing for Chapter 7 Bankruptcy in Virginia

Are you struggling with overwhelming debt and not sure how to get a fresh start? You’re not alone. In today’s world, more and more people are turning to bankruptcy as a solution to their financial struggles. But with so much information out there, the process can seem daunting and overwhelming. That’s why I’m here to break down Chapter 7 bankruptcy into three simple steps, so you can better understand the process and make an informed decision about whether it’s right for you.


Chapter 7 Bankruptcy Steps:

Step 1: Pre-Filing

The first step in the Chapter 7 bankruptcy process is known as pre-filing. This is when you meet with a Virginia bankruptcy attorney, like myself, to discuss your financial situation and determine if Chapter 7 is the best option for you. During this stage, we will review your financial information and documentation to determine if you qualify for Chapter 7 and if there are any assets that could potentially be at risk during the process.

One of the main benefits of Chapter 7 bankruptcy is that it allows individuals or businesses to discharge most of their unsecured debts. This includes things like credit card debt, medical bills, and personal loans. However, the court will also look at your assets to see if there are any that can be sold to pay off your creditors. This is where the exemption laws come into play, as they protect most of your assets from being sold.

To ensure that all of your assets are protected, we will need a lot of information and documentation from you. This may seem tedious, but it’s an important step in the process to ensure that you don’t run the risk of losing any assets during your bankruptcy.

Step 2: Post-Filing

Once all of your information has been reviewed and your bankruptcy petition has been filed with the court, we move on to the second step in the process: post-filing. This is where everything really starts to happen.

The first thing you’ll experience once your case is filed is an automatic stay. This is a legal protection that prevents creditors from taking any further collection actions against you while your bankruptcy is pending. This means no more harassing phone calls or letters, wage garnishments, or lawsuits from creditors.

During this stage, you will also need to provide a list of your creditors to the court. This way, they can be properly notified of your bankruptcy and included in the process of discharging your debts.

Step 3: Discharge

The ultimate goal of filing Chapter 7 bankruptcy is to receive a discharge order from the court. This is the final step in the process and the one that will give you the financial freedom you’ve been seeking. A discharge order essentially means that you are no longer legally obligated to pay off your debts and they are wiped away.

However, it’s important to note that not all debts can be discharged through Chapter 7 bankruptcy. Some types of debts, such as tax debts, student loans, and child support, may not be eliminated through this process. This is something we will discuss in detail during your pre-filing stage to determine if Chapter 7 is the best option for your specific situation.

After the discharge order is entered, your case will be closed and you can move forward with a clean slate. However, it’s important to keep in mind that bankruptcy does have some negative effects on your credit score and will stay on your credit report for up to 10 years. But with careful financial management, you can rebuild your credit over time and start fresh with a clean financial slate.

Final Thoughts

Filing for bankruptcy is a big decision and one that should not be taken lightly. It’s important to understand all of your options and make sure that Chapter 7 is the best choice for your unique situation. By breaking down the process into three simple steps, I hope I have provided you with a better understanding of what to expect and how bankruptcy can help you achieve financial freedom in 2024 and beyond.

If you are a Virginia resident or small business owner and in need of help with overwhelming debt, Fisher-Sandler is here to offer personalized solutions and expert guidance. Book a free consultation with me today and take the first step towards breaking free from the chains of debt.

Remember, you are not just another statistic in the world of debt and financial struggle. You are a fighter, ready to reclaim your financial freedom. And I am here to guide you every step of the way.

Why choose Fisher-Sandler – Virginia Bankruptcy Attorneys

At Fisher-Sandler, we specialize in Chapter 7 and Chapter 13 bankruptcy, along with uncontested divorce, providing comprehensive legal support tailored to your needs. Our signature “$0 Down Chapter 7 Program” is available throughout the state of Virginia, making financial relief accessible without upfront costs. We offer free consultations to discuss your unique situation and provide expert advice, whether by phone, in-office, or virtually. With over 50 years of combined bankruptcy law experience, Nathan Fisher and Michael Sandler possess the expertise and dedication to ensure your case is handled correctly the first time. Choose us for reliable, experienced, and compassionate legal assistance.

$0 Down Chapter 7 Bankruptcy Program in Virginia

At Fisher-Sandler our $0 Down Chapter 7 Bankruptcy Program offers Virginia residents an accessible path to financial freedom without the burden of upfront costs. We understand that when you’re facing financial difficulties, every dollar counts. That’s why we’ve designed this program to help you get the fresh start you need without the worry of immediate expenses. With this program, you can file for Chapter 7 bankruptcy and stop creditor harassment, wage garnishments, and other financial stresses right away. Our experienced bankruptcy attorneys will guide you through every step of the process, ensuring a smooth and successful outcome. Take control of your financial future today with our $0 Down Chapter 7 Bankruptcy Program, and let us help you regain your peace of mind.

Se Habla Español

Virtual Consultations Available

Chapter 7 Payment Plan Available