Stress of Debt Paralyzing Your Life? Bankruptcy May Help You Move Forward
Here’s what we understand at The Strong Law Firm: there’s a real story and a real family behind every bankruptcy. The vast majority of bankruptcies don’t happen because of out-of-control shopping sprees and large bursts of irresponsible behavior. They happen because of unforeseeable circumstances, family tragedies, or simple bad luck. Or, they happen after years of more dollars trickling out than coming in. Many of our clients have debt because of problems like these:
- A medical emergency or a chronic illness in the family
- A recent divorce or a recent death in the family
- Unemployment and the recent recession
- A poor investment, upside down mortgage, or foreclosure
- Credit card debt that has become out of control
- A lack of knowledge regarding finances and spending
- Unexpected expenses, such as extensive property damage not covered by insurance
Bankruptcy isn’t an evil word and it isn’t a punishment or a curse. It’s a constitutional right that you have under federal law either to escape your debt or to restructure your debt and get a fresh start. Put another way, for hundreds of years the United States has recognized the fact that good people can find themselves in deep financial trouble—and the fact that they deserve a second chance.
Get Your Virginia Bankruptcy Questions Answered
Some people make the mistake of dismissing the idea of bankruptcy without learning about how it may be able to help their situation, or without researching the long-term consequences of bankruptcy. Some are influenced by bankruptcy myths; others are turned off by the stigma of bankruptcy. We want you to know that knowledge is power: talking with a bankruptcy lawyer can help you understand ALL of your options for getting out of debt, and which option is the best one for you and your unique situation.
- Is bankruptcy right for me and my family?
- Am I eligible to file for bankruptcy?
- Is Chapter 7 bankruptcy or Chapter 13 bankruptcy the best option?
- Will bankruptcy ruin my credit forever?
- Will I be able to buy a house or a car after declaring bankruptcy?
- Can I apply for a credit card after declaring bankruptcy?
- Can I file for bankruptcy for a second time?
- What will happen to my home and other assets if I petition for bankruptcy?
- What will happen to my retirement fund if I petition for bankruptcy?
- Will bankruptcy erase my student loan debt?
- How much does filing for bankruptcy cost?
- What is the first step in filing for bankruptcy?
- Will I lose my Car in Bankruptcy?
We also can answer the bankruptcy questions that are unique to your situation—perhaps you are going through a divorce, or perhaps you have a small business. At The Strong Law Firm, we absolutely are not interested in forcing bankruptcy on those with better options. We also are happy to help you find strategies to avoid bankruptcy or pay down your debts.
Falls Church Bankruptcy Attorney
Are you ready to stop the harassing letters and phone calls from creditors? Are you ready to stop wage garnishments? Are you ready to stop worrying about your mortgage or possible foreclosure? We can even help to resolve old tax debt at a minimal cost, or just through discharge, if over 3 years old. Also, in most bankruptcy cases, you get to keep most of your assets, as long as they are exempt under state law. Regardless of whether personal bankruptcy is the right choice for you, speaking with a VA bankruptcy attorney can help you understand your best options for action. Don’t continue to live with the stress and paralysis of debt. Find a solution with our help.
Ready to take the first step? Find out how to prepare for filing a chapter 7 bankruptcy in Northern Virginia.
For more information, contact us today. Call our law firm toll-free at 877.344.8189, fill out the electronic contact form to the right of this page, or drop in at our Falls Church office.
Blog for Bankruptcy Solutions CH 7 & CH 13
- Middle Aged Suicides On the Rise in 2013 Due to Financial Pressures
- Payday Loans. States Are Cracking Down on Loan Sharking.
- Business Leader to Testify Before Bankruptcy Lawyer Panel Spring 2013
- Ameribid Opens Office in Reston, VA - Real Estate Auction Company Opens New Office
- Solar Panel Giant in China Files for Bankruptcy
- Inova to Close Child Care Centers for Health Care Workers Due to Cost Constraints
- Furloughs Ahead for Customs and Border Protection Department Thanks to Sequester
- Military Tuition Grants Cut By Sequester
- Student Loans One of the First Casualties of the Congressional Sequester
- How much do you know about Bankruptcy?
- Atari Files for Chapter 11 Bankruptcy
- Student Loans May Become Easier to Discharge in Bankruptcy under New Congessional Proposal in 2013
- Bankruptcy Filings in Virginia Decrease in 2012
- When Is the Right Time to Declare Bankruptcy in Virginia?
- Income Loss and High Medical Bills: A Recipe for Virginia Bankruptcy
- Can I File for Bankruptcy in Virginia If I Am Unemployed?
- Insured or Uninsured, Medical Debt Can Lead to Bankruptcy in Virginia
- Signs That You’re Headed for Bankruptcy in Virginia
- Rebuilding Your Credit After Filing for Bankruptcy in Virginia
- Delaying Foreclosure in Virginia with the Automatic Stay
Library for Bankruptcy Solutions CH 7 & CH 13:
- Failing to List a Lawsuit in Your Bankruptcy Case
Failing to list a lawsuit could have very bad consequences in your Bankruptcy Case. Learn why it is in your best interest to list the lawsuit, even if you think it is groundless.
- Short Sales Can Get You Out Of an Over-mortgaged Property
Looking to Sell Your Home but The mortgage balance is higher than the value? Try a Short Sale, Where Many Banks will Release you from a deficiency balance at the end of the Short Sale Process.
- Protecting a Retirement Account in Bankruptcy
Can a debtor protect a retirement account from creditors and keep it after filing for Bankruptcy?
- Chapter 11 Individual Debtors Are Denied the Right to Receive Plan Distributions Until All Creditors Are Paid Under Maharaj and Lively Appellate Court Decisions.
Individual Debtors Will have Difficulty Getting a Reorganization Plan Approved under Chapter 11 Bankruptcy in Light of Two Recent Appellate Court Decisions.
- Decyphering the Means Test Part IV of V
Learn about hidden additional expenses that can be claimed in the means test under Bankruptcy law in Virginia.
- Bankruptcy - Understanding the Process of Filing Petitions, Schedules, and Court Proceedings
Understand the process of filing bankruptcy. Know the schedules common to all cases, and which are required in chapter 13 bankruptcy vs. Chapter 7.
- How to Stop a Home Foreclosure In Virginia
Stopping a home foreclosure being conducted by a lender in Virginia is not an easy process for homeowners. There are two main procedures available. The least expensive and most reliable is to file a chapter 13 bankruptcy. find out more about your rights to stop a foreclosure in this article prepared by home foreclosure prevention attorney Michael Strong.
- THE MEANS TEST IN BANKRUPTCY – Part III
Additional Expenses to Avoid “Failing” the Means Test in Your Bankruptcy Case
Plan Payments in Chapter 13 Can Be Reduced, and Sometimes avoided entirely Using the Means Test Additional Expense Allowances. Find out how to make these little known additional expenses work in your Bankruptcy Case to Prevent a Payment Plan or Reduce its Length and Payment Amount.
- The Means Test in Bankruptcy - Part II Allowable Expenses
After being told your income is too high to file Chapter 7 Bankruptcy, Look for Allowable Expenses to Stay In Chapter 7. Allowed Expenses Explained in Detail
- The Bankruptcy Means Test - What it Is and How it Works - Part 1
The Means Test for Bankruptcy Explained in Detail. First of Three Part Series
- 5 Tips to Help Homeowners Pay Their Bills and Keep Their Credit Rating High
Finding Ways to Pay Bills on Time is a Challenge, Especially if You have been laid off, furloughed, or Sequestered! Here are 5 Tips to Help Manage Bill Paying in Times of Financial Stress.
- Bankruptcy Filers Beware: Chapter 7 and Chapter 13 Prefiling Credit Counselling Is Required for Every New Banruptcy Case
Dont Lose Your Bankruptcy Case Before You Start. Pre-filing Credit Counselling Certificate Must be Filed To Prevent Automatic Dismissal of Your Bankruptcy Case
- Listing the Proper Value of Your Assets in Bankruptcy Can Make the Difference Between a Well Planned Safe Journey and a Possible Nighmare!
Listing the Value of your Assets in Bankruptcy Prevents a Fight over the values and gives you a better chance of making a plan to keep what you want to keep and giving up the least amount possible to your creditors.
- Listing All Your Assets in Bankruptcy - The Do's and Dont's
You must list all your Assets in a Bankruptcy Case. We discuss what happens with the List and Why the Court Requires the List to Be Complete.
- Family Household Size and Household Income Under Means Test in Bankruptcy - How to calculate Household Income
Chapter 7 Bankruptcy Requires Your Income Fall Below Median Income. Find out what this means for your Bankruptcy Case and how to win a right to file Chapter 7.
- 5 Ways to Get a New Loan After Bankruptcy
5 Secrets Revealed on How to Get a New Loan After Bankruptcy. Free initial Consultation with 32 year veteran bankruptcy attorney.
- Will My Car Be Repossessed If I File Bankruptcy? Chapter 7 and Chapter 13 Both Allow You To Keep Your Car. But, You Have to Keep Paying the Bill!
How To Keep Your Car After Filing Bankruptcy. Secrets Revealed by 32 Year Veteran Attorney. Free Initial Consultation. Call Today 703-350-4241.
- Steps to Follow in the Bankruptcy Process
Steps in Filing Bankruptcy | Falls Church Bankruptcy Lawyer | Arlington Bankruptcy Lawyer | Annandale Bankruptcy Attorney | McLean Bankruptcy lawyer | Fairfax Bankruptcy Attorney | Burke Bankruptcy Attorney | Reston Bankruptcy Attorney | Sterling Bankruptcy lawyer | Ashburn Bankruptcy attorney | Chapter 7 bankruptcy | Chapter 13 Bankruptcy | bankruptcy stops foreclosure
- What Happens to Your Retirement Funds If You File Bankruptcy. Answers From 32 Year Experienced Virginia Bankruptcy Attorney
Retirement Funds, 401k Plan, 403b Plan, Thrift Saving Plan, IRA, Roth IRA. All Can Be Saved Even If You File Bankruptcy. The Trick Is to List Them Properly.
- Student Loan Debt Is Rarely Dischargeable in any Bankruptcy Case. Learn How to Meet the Requirments to Discharge a Student Loan in Bankruptcy in Virginia.
Falls Church and Fairfax Bankruptcy Attorneys Discuss How to Discharge Student Loans in Bankruptcy.
Videos about Bankruptcy Solutions CH 7 & CH 13:
- Understanding Bankruptcy in Virginia When Owning a Business
- Why You Shouldn’t Fear to File Bankruptcy in Virginia
- Filing for Bankruptcy in Virginia Means Getting a New Start
- How Does a Chapter 13 Bankruptcy Repayment Plan in VA Work?
Frequent Questions for Bankruptcy Solutions CH 7 & CH 13:
- Can I reopen my Chapter 7 Bankruptcy after it has been discharged to add a creditor?
- I received my chapter 7 (no assets) discharge but did not reaffirm my car loan. I am current on payments. What should I do?
- Question: Can federal student loan refunds be levied?
- Is SSI income exempt from creditors in a bankruptcy case?
- Do I need to file a Homestead Deed in my Virginia Chapter 7 Bankruptcy even if my home has no equity?
- Question: Can an old cash advance be discharged through Chapter 7 Bankruptcy?
- I am currently unemployed. Should I file for bankruptcy in Virginia?
- What happens to my medical bills when I file for bankruptcy in Virginia?
- I recently lost my job and am having trouble making my mortgage payments. Can I file for Chapter 13 bankruptcy in Virginia if I am unemployed?
- I was severely injured in a car accident a few years ago, and I still owe a huge amount for my medical expenses. Is it possible to file for bankruptcy for just my medical debt?
- How do I know that it’s the right time to file for bankruptcy in Virginia?
- Is it possible to be approved for a mortgage after I have filed for bankruptcy in Virginia?
- Will filing for bankruptcy always stop foreclosure in Virginia?
- Is it possible to pay back debts that have already been discharged under Chapter 7 bankruptcy in Virginia?
- What Happens If I Can't Pay My Chapter 13 Plan Payment?
- I’m trying to send an overdue payment to a Virginia debt collector. They told me I must wire them the money through Western Union or pay to have my check sent overnight request. Am I legally required to do this?
- During the course of my husband’s illness, we had problems with our insurance and incurred a lot of medical debt. We paid for most of the hospital bills and all of his medication with credit cards, but then I got laid off. Now the interest is piling up. Will filing for Arlington bankruptcy relief help us in any way?
- How Do I Save Assets Other Than a Home In Bankruptcy?
- I am filing for bankruptcy, but I’m not sure how to talk about the situation with those who ask. What tips do you have on how to talk about bankruptcy?
- It’s been years since I graduated, but I still owe a lot on my outstanding student loans. Will I be able to eliminate any of it if I file for Chapter 7 bankruptcy?