There are some law firms in Virginia that will advise individuals that they have to file a Chapter 13 bankruptcy, for a variety of reasons. While a Chapter 13 can be a great way to deal with some debts, not everyone needs to file a Chapter 13.
If you are advised that you have to file a Chapter 13, you need to be sure that you understand exactly why. There are some individuals who are required to file a Chapter 13 based on their average monthly household income. Many times a Chapter 13 is the best course of action based on your needs. However, you should be offered the choice between a Chapter 7 or a Chapter 13 and told what each will do for you.
If you think bankruptcy is a viable option for you but you're not sure which chapter to file, give us a call today to set up your free consultation.