If you are looking for a bankruptcy lawyer in Fredericksburg VA, you have come to the right place. Fisher-Sandler, LLC has been helping Spotsylvania County residents file for emergency bankruptcy petitions since 1999. Their office can file your bankruptcy case in as little as half an hour after meeting with you. Filing for bankruptcy immediately stops wage garnishment, home foreclosure, and creditor lawsuits. Filing can even stop frozen bank accounts and utility bills. And because filing for bankruptcy has an automatic stay in effect, ALL creditor actions are stopped immediately.
Chapter 7 bankruptcy
Before filing for bankruptcy, you need to gather financial documents that outline your debts, income, and overall financial health. Gather information about monthly household bills, credit card bills, and investment accounts. Fredericksburg bankruptcy attorneys can determine if Chapter 7 is a viable option for you based on your situation and your financial history. During this time, an automatic stay is in effect to keep creditors from collecting debts. When you file for bankruptcy, your attorney will work to stop wage garnishment and other creditor harassment, and he can help protect your assets.
If you have a steady income and own property, Chapter 13 bankruptcy may be your best option. A qualified Fredericksburg bankruptcy attorney can provide you with the legal guidance needed to file for this type of bankruptcy. If you have a home or other property, you can keep it under a Chapter 13 bankruptcy plan. However, you will have to prepare a payment plan to pay off your debts. This repayment plan may take between three and five years to complete.
Before filing for chapter 7, you should attend a debtor education class. A debtor education class teaches you financial management and budgeting skills. You will earn a certificate of completion from the course. This class is mandatory within 60 days of a meeting of creditors. After that, you can apply for a bankruptcy discharge. However, keep in mind that Chapter 7 bankruptcy cannot be filed again for eight years. So, it is advisable to seek legal counsel as early as possible.
Legal aid options
There are several ways to find free bankruptcy services, including contacting your local bankruptcy court. This court handles bankruptcy cases in Fredericksburg, VA, and is open Monday through Friday. Federal holidays are closed. Some attorneys offer free consultations. You may also want to check online to see if your state’s bankruptcy court offers free consultations. These lawyers help people file for bankruptcy or determine the best way to pay off debts.
The bankruptcy process starts with the filing of the bankruptcy petition. This petition includes forms that list your income and expenses. If approved by the court, you are granted a temporary stay of your creditors’ collection efforts. This temporary stoppage will protect your property from being repossessed. Once the bankruptcy is approved, you can receive your discharge. Your attorney will explain what to expect and answer any questions you have about the bankruptcy process.
Chapter 13 is a form of bankruptcy that’s suited for individual debtors who make a regular income. This plan will allow the debtor to keep their valuable assets and propose a repayment plan, usually over three or five years. Consumers can also use this form of bankruptcy if they don’t qualify for chapter 7 relief. In some cases, Chapter 13 filings are necessary to stop wage garnishment or foreclosure.
Finding a lawyer
If you are considering filing for bankruptcy, you’ll need to gather all your financial documents and review your debts and overall financial situation. Gather information on your monthly household bills, credit card bills, student loans, investments, and more. A bankruptcy attorney can assess your situation and decide if you qualify for a chapter 7 bankruptcy, which will wipe out your debts and give you a fresh start. Before you start filing, however, make sure you know how much you owe and if it is possible to make payments on all your debts.
Bankruptcy attorneys in Fredericksburg, VA are well-versed in the bankruptcy laws and procedures that govern the process. Chapter 7 bankruptcy involves liquidating assets to pay off your debt, regardless of the value. This process involves liquidating your personal property and selling it to pay off your debt. While this process is similar across the U.S., it may be easier to deal with the legal aspects of bankruptcy than filing a chapter 7 petition.
Another way to find a bankruptcy lawyer in Fredericksburg, VA is to use Super Lawyers. This peer-based rating service contains a directory of experienced lawyers throughout the United States. You can search by name or type of legal issue you are dealing with. You can even narrow your search by location, practice area, and more. Just be sure to look for attorneys who have been rated by their peers by U.S. News and Best Lawyers.