Hopewell Debt Relief Attorney, Helping Consumers Get Legitimate Relief
Millions of Americans have experienced serious financial difficulty in recent years, with job losses, mortgage problems and credit troubles causing a state of crisis for many families and individuals. If you are under the pressure of debt that you simply cannot afford to pay off, you are far from alone, and you may benefit greatly from bankruptcy, a legal remedy supported by the U.S. Constitution.
Whether your financial troubles stem from income loss, a divorce, a medical issue in the family, a mortgage adjustment, excessive obligations or other issues, bankruptcy may be an excellent way to deal with your debt and move forward with your life.
If you feel hopeless or ashamed about being unable to pay off your debt, despite your very best efforts, call me at 804-644-0200 for a free consultation about your situation. After reviewing your specific debts, I will give you my honest advice about whether bankruptcy may be right for you. My office has helped many people get legal relief from debt by taking advantage of federal bankruptcy laws.
Different Solutions to Different Problems
As you probably know, there are different types of consumer bankruptcy, with Chapter 7 and Chapter 13 being the most popular. The type of bankruptcy we pursue for our clients depends on several factors, including the types of debt they have, the possessions they are trying to save (a house or a car, for example) and the amount of income and assets at their disposal.
In a nutshell, Chapter 7 bankruptcy provides the filer with a fresh start, wiping out unsecured debts like credit cards, medical bills and personal loans and dealing with other kinds of debt. The drawbacks to Chapter 7 can include qualification requirements and the potential loss of assets. My office can complete Chapter 7 bankruptcies quickly, usually within 100 days.
While Chapter 13 can also discharge certain debts, it is essentially a debt consolidation that involves a three- or five-year payment plan. Chapter 13 bankruptcy is desirable for many consumers who want to keep a house or a vehicle, but who cannot afford the current payments as set by their creditors. In many cases, a Chapter 13 filing can stop a foreclosure sale or prevent a vehicle from being repossessed.
Richmond Bankruptcy Attorney — Free Initial Consultation
If you have questions about bankruptcy — and most people do — I can answer them and help you weigh the pros and cons as they apply to you. I am a Christian lawyer serving clients throughout the Richmond, Virginia, area. Contact my office to schedule an appointment.
