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Michael D. Hart, P.C.
Helping You Move Forward Free Of Financial Problems
540-627-6520
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June 2020 Archives

Preparing a Chapter 13 bankruptcy can be complex

Realizing that you can't handle the credit payment you're supposed to make is harrowing. This can come from a variety of reasons, including job loss or illness. Individuals who are in this position usually try to find ways that they can recover financially. This isn't always easy; however, filing a Chapter 13 bankruptcy might get you on the right financial track.

Know the impacts of filing Chapter 7 bankruptcy

A Chapter 7 bankruptcy filing is a way to get debt under control for some individuals. This is a serious step to take so you must ensure that you consider the pros and cons of taking it. There are several things that you should think about before you file so that you don't do something you'll regret.

Does bankruptcy get rid of all your debt?

Struggling with debt is something that numerous people in Virginia and across the country experience. Even if you have typically done well with managing your financial affairs, a sudden event like a medical emergency or job loss could have left you in a position where you unexpectedly could not make ends meet financially. As a result, your savings soon dwindled while your outstanding balances seemed to remain the same.

Handling the mortgage and arrearages during Chapter 13 bankruptcy

Realizing that you can't keep up with your debts is a very serious situation for many individuals. For homeowners who opt to file a Chapter 13 bankruptcy, figuring out what to do about the mortgage might be a priority. Be sure to think about these points when you consider your next steps.

Know the ins and outs of a Chapter 7 bankruptcy

Many factors can lead a person to need to file for bankruptcy. When you don't make enough to pay for the debts you have, this is one option that can help you get control of your finances. One of the first things you'll have to do is to determine what form of bankruptcy protection you qualify for. We can work with you to determine this.

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Michael D. Hart, P.C.
19 Church Street Southwest
Roanoke, VA 24011

Phone: 540-627-6520
Fax: 540-342-7655
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