Do you have a regular source of income, but still can't seem to keep up with your bills? Have you begun to realize that as hard as you try, you're never going to be able to "catch up" and live debt-free?
There's a chance that filing for Chapter 13 bankruptcy may be your best option.
Chapter 13 bankruptcy in Virginia is designed to be a repayment plan for people like you who have a steady stream of money coming in. You will repay all or a portion of your debt over a three- to five-year period, during which creditors cannot begin or continue to collect debts. Filing for bankruptcy will also stop foreclosure on your home and give you a chance to pay your past due balance.
The Advantages of Filing for Chapter 13 Bankruptcy
Chapter 13 bankruptcy is generally considered one of the best ways to escape the crushing burden of massive debt. Some people feel the most worthwhile advantages are:
- Giving you an opportunity to prevent the foreclosure sale of your home
- Protection from creditors, as long as you follow the rules of your payment plan
- Deal with tax debt
- Reduce your car payments
- Being allowed to file for Chapter 13 more than once
- The ability to keep all or most of your property, regardless of "exempt" or "non-exempt" status
Contact a Virginia Beach Chapter 13 Bankruptcy Lawyer
Bankruptcy is one of the most complicated areas of the law, so if you are thinking about filing, it is highly recommended that you speak with the attorney at Hampton Roads Legal Services. It's not as easy as filling out a few forms and magically being relieved of your debts; Chapter 13 bankruptcy is a commitment to giving you and your family a better life. If you are ready to make that change and stop the harassing debt collection calls, it's time to get serious and let an attorney with years of bankruptcy experience help you get back on track.
Our Chapter 13 clients love our initial consultations because we lay everything out on the table for you right away. We will evaluate your case and based on the work that needs to be done, give you an honest assessment of costs. After that, we put the pricing structure in your hands and allow you to set the time frame for payments. Our goal is to help you feel in control and empowered.
Call 757-276-6555 today to connect with our Virginia Beach bankruptcy law firm, Hampton Roads Legal Services, for a free consultation. You are also invited to request a complimentary copy of my book, You Don't Have to Have An Attorney To File Bankruptcy, But Read This Before You Try.