Chapter 7 Bankruptcy Lawyer Virginia

Benefits of Chapter 7 Bankruptcy

Are you considering a Chapter 7 Bankruptcy? A chapter 7 bankruptcy, or a liquidation bankruptcy, allows you to get rid of most of your debts without making any further payments on them. A chapter 7 usually last about 3 ½ to 4 months and requires you to attend at least one hearing.

How can a Chapter 7 filing help you?

If excessive unsecured debt like medical bills or credit cards has become an unmanageable burden that inhibits your livelihood, Chapter 7 bankruptcy may offer relief. It allows for liquidation of non-exempt assets to pay back a portion of what you owe, while legally discharging remaining qualifying debts and giving you a fresh start. Outcomes vary case by case, but by filing under this chapter of the bankruptcy code you may be able to alleviate debt that feels crushing and unsustainable so you can get back on steadier financial ground going forward.

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Stop Wage Garnishments

In most cases, a Chapter 7 bankruptcy will stop your creditor’s current garnishment and prevent them from starting up another.

Stop Creditors Harassment

A Chapter 7 bankruptcy will stop the annoying and embarrassing phone calls from your creditors and their debt collectors.

Protect Your Future Earnings

In Chapter 7 bankruptcy, you are not required to make payments to your creditors. This means you are able to keep your future income in many cases.

Discharge

A Chapter 7 bankruptcy will eliminate your personal liability for most debts, including: credit cards, medical bills, judgments, and payday loans.

Expedited Process

In most cases, you will receive your discharge in about 4 months from the date your petition was filed.

We are a debt relief agency. We help people file for bankruptcy.