With Chapter 7 bankruptcy or Chapter 13 bankruptcy, you may have the option of keeping your vehicle. However, there are requirements that have to be met. For example, in a Chapter 13 plan, the creditor needs to agree to your new repayment schedule. The plan will need...
Month: January 2021
Does filing for bankruptcy stop a foreclosure?
If you’re facing foreclosure, you’re probably considering different options to keep your home. This is especially true if you have a family and you don’t want to uproot your children’s lives. Is bankruptcy one way that you can stop the foreclosure proceedings? An...
How credit cards lure people into spending more than they can afford
Credit card debt is not the sole cause of consumer bankruptcies, nor even the most common reason. That honor goes to medical debt. But credit card debt does play a significant role. Many people who find themselves facing excessive debt are surprised by their own level...
Understanding Chapter 7 bankruptcy exemptions in Virginia
One of the most common questions our attorneys hear involves what a person will lose in a Chapter 7 bankruptcy. We think this is a great question. After working hard to acquire the things you own, you want to keep as much as possible to avoid starting from scratch...
What you need to know about child or spousal support and bankruptcy
Americans pay as much as $33 billion in child support annually. Yet, fewer than one-half of custodial parents ever receive the full amount that a judge orders the non-custodial one to pay. While many parents understand the consequences of not paying the child support...