Helping You Move Forward Free Of Financial Problems
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Roanoke Chapter 7 Bankruptcy Attorney

Are you no longer able to manage your debt? Has collection activity become unbearable? Are you dealing with wage garnishment? Filing for bankruptcy relief under Chapter 7 may be the right option for you.

Chapter 7 bankruptcy is often referred to as the “liquidation chapter” in Roanoke, because it involves the sale of nonexempt assets to pay creditor claims. This name can be very misleading, because you really can keep most if not all of your assets.

You Have A Lot Of Control Over The Assets You Keep

At Michael D. Hart, P.C., we can help you navigate the highly complex process efficiently and effectively. We will compassionately listen to your concerns, and we will utilize the experience we have gained in over 20 years to help you find the debt relief you need.

The truth is that you have a lot of control in the Chapter 7 decision-making process where your assets are concerned.

  • Be honest: We will always give you straightforward advice, but the best way to ensure that you get to keep the assets that you want and discharge debt, like credit card debt, is to be completely honest with your attorney about your entire financial situation. We can only help you keep the assets and resolve the debt issues that we know about.
  • Choose the secured property you want to keep: Some debts are secured by collateral, like your home, car or electronics. You can choose to continue making payments and keep the collateral property or give it back and eliminate the debt.
  • Maximize your exemptions: Virginia state exemption laws allow individuals to protect property that is not collateral. It is essentially a value determination, and in most cases consumers will be able to keep approximately $10,000 worth of property that they choose. We will help you maximize your exemptions.

You Can Eliminate Most Of Your Debts

Under Chapter 7, you can eliminate most of your unsecured and secured debt for property you don’t keep. There are a few exceptions.

Debts generally not dischargeable through Chapter 7 include:

  • Alimony and child support
  • Student loans
  • Recent tax liabilities

Let Us Help You Find Meaningful Relief From Debt

The information listed on this page is only a general guideline, which is why it is so vital that you contact an experienced Chapter 7 bankruptcy lawyer at Michael D. Hart, P.C., to discuss your personal debt situation. Reach us online or by calling our office in Roanoke at 540-627-6520.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.