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 Chapter 13 can be a great way to deal with some debts, not everyone needs to file a Chapter 13. Chapter 7 may actually be a better option for you.
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 Chapter 13 based on their average monthly household income. Many times 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!