VIRGINIA’S PREMIERE BANKRUPTCY LAW FIRM • VIRGINIA BEACHRICHMONDNEWPORT NEWS1-800-662-8813

Poor credit score? Drowning in Debt? Being harassed by creditors?

If you are in collections or being sued, waiting too long will result in wage and bank garnishments

Get a free Bankruptcy consultation today.

We will quickly review your debt situation and outline a plan for your credit recovery.

Rebuild your credit score fast.

Our affordable bankruptcy program will enable you to buy a house within two to three years.

chapter 7 bankruptcy

Chapter 7 is the chapter of the Bankruptcy Code that provides for “liquidation” or elimination of unsecured debt. We all know it as a debt relief process instead of a legal code section.  For most people this is credit card debt, personal loans, medical bills, payday loans, and other credit that is not secured by property.  Often eliminating debt in Chapter 7 bankruptcy can free up the money a person needs to afford to pay the secured debt they want to keep like vehicles or houses.

The risks in Chapter 7 bankruptcy is that the person might not qualify, might lose property, or might be challenged by a creditor or the bankruptcy trustee.

The power of a Chapter 7 bankruptcy is the permanent elimination of unsecured debt. As with the Chapter 13, it also has the powerful ability to immediately stop legal actions such as repossessions, foreclosures, lawsuits, garnishments and liens. Qualified debt will be eliminated forever. There are several categories of debt that are not eliminated by Chapter 7 such as child support obligations, student loans, criminal restitution, and some taxes. To determine the advantages and disadvantages of a Chapter 7 for you schedule a free consultation with one of our attorneys.

IS BANKRUPTCY RIGHT FOR YOU?

Considering bankruptcy can be a confusing and emotional process. This process is often filled with misinformation. We have helped thousands of people just like you work through that process. We are here to help you too.

SHOULD YOU CONSIDER BANKRUPTCY?

Did you know, the three main causes of bankruptcy is divorce, severe illness and job loss? Many people are afraid of bankruptcy because it seems like an admission of failure. Nothing could be further from the truth.

OUR VIRGINIA BANKRUPTCY LAW OFFICES

VIRGINIA BEACH, VIRGINIA OFFICE
621 N. Lynnhaven Road Virginia Beach, VA 23452 (757) 340-4070
NEWPORT NEWS, VIRGINIA OFFICE
11815 Fountain Way, Suite 300 Newport News, VA 23606 (757) 599-9099
RICHMOND, VIRGINIA OFFICE

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