- January 31, 2019
- Posted by: Anthony White
- Category: Blog
You probably never expected that you would be looking for a bankruptcy attorney who could help you regain control of your life. No one ever does. But if you or someone in your family was in an accident, chances are the soaring medical bills are only part of the problems facing your family. Maybe the accident left you or your loved one unable to work – or the care they required made it impossible for you to bring home a steady pay check. With the cost of health care – and everything else – these days, the bills can add up faster than you would have thought possible.
Accidents and medical bills are just two examples of the various reasons people turn to the Glen Allen Virginia law firm of Anthony L. White. No two bankruptcy cases are ever the same.
According to a story on the Huffington Post, the Top 10 Reasons People Go Bankrupt are:
- Medical Expenses
- Reduced Income
- Job Loss
- Credit Debt
- Unexpected Expenses
- Student Loans
- Utility Payments
- Bad Budgeting/Overspending
Glen Allen attorney Anthony White is an expert at both Chapter 7 bankruptcy and Chapter 13 bankruptcy and can help you determine what is best for you and guide you through the process.
- Chapter 7 Bankruptcy is what is known as a liquidation. It allows you to get out from under 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.
- Chapter 13 Bankruptcy, on the other hand, is more like a repayment plan. It allows you to structure your outstanding debts so that you can pay back at least a portion of what you owe within a set time period, usually 36 to 60 months.
Anthony White, an attorney in the Richmond VA area, can help you decide if Chapter 7 Bankruptcy or Chapter 13 Bankruptcy is right for you. To schedule a free consultation and put the resources of his Glen Allen law firm to work for you, please call (804) 709-1933.