A Virginia bankruptcy court has ruled that if a creditor does not act to stop a collection activity prior to a person's filing for bankruptcy, this could be considered a violation of the automatic stay. However, the United States Supreme Court will rule on this issue...
Month: February 2020
If I file for Chapter 7 bankruptcy, will I lose all of my assets?
Do you have concerns about what bankruptcy could mean for your personal property? Are fears regarding the loss of your important assets and things you need for daily life holding you back from making a decision that could positively impact your financial future? If...
How to obtain relief from unsecured debts
Chapter 7 bankruptcy may be an effective way for debtors in Virginia and other states to regain control of their finances. An individual might qualify for Chapter 7 bankruptcy by passing the means test. The means test evaluates a person's income to determine if it is...
Preparing for taxes during bankruptcy
Many people in Virginia have found a path to debt relief and a new financial future by filing for personal bankruptcy. However, when tax time rolls around, they may be concerned about how their Chapter 7 or Chapter 13 filing may impact their annual tax returns to the...
Rules for refinancing a home loan after bankruptcy
Virginia homeowners and others throughout the country may be interested in refinancing their mortgages after filing for bankruptcy. However, an individual will likely need to wait at least a year before a home loan can be changed in any way. Those who have an FHA loan...