Posts Tagged ‘Virginia Chapter’
VIRGINIA BANKRUPTCY
Virginia bankruptcy filings are at an all time high due to the current economy. The Virginia bankruptcy courts are flooded with new bankruptcy petitions everyday.
The current Virginia bankruptcy laws make it much harder to file for a bankruptcy now more than ever.
The Virginia bankruptcy exemptions allow you to keep certain things after you for a bankruptcy in Virginia.
It now more important than ever that you have a skilled Virginia bankruptcy lawyer to help you with your bankruptcy.
A skilled Virginia bankruptcy attorney can guide you through this very difficult time.
The SRIS Law Group Virginia bankruptcy lawyers understand that you need a Virginia Chapter 7 bankruptcy lawyer that will ensure that you keep whatever you are legally entitled to after you file your bankruptcy in Virginia.
Contact the SRIS Law Group Virginia bankruptcy attorneys today for help.
We have offices in Fairfax, Richmond, Virginia Beach, Fredericksburg, Lynchburg & Manassas.
MARYLAND & VIRGINIA BANKRUPTCY LAWYERS
HANDLING CHAPTER 7, CHAPTER 11 AND CHAPTER 13 BANKRUPTCY CASES
Congress created bankruptcy law to help people who need help get a fresh start in life. Many people feel embarrassed that they have to file for bankruptcy. As we frequently remind our clients, you shouldn’t be uncomfortable about exercising your right to file for bankruptcy.
Although new bankruptcy laws have made it more difficult to file for bankruptcy, and filing bankruptcy will require more steps than in the past, it is still possible to file for bankruptcy. We routinely help clients exercise their constitutional rights in the bankruptcy context.
If you are considering filing a bankruptcy petition, please call us today at 888-437-7747 for a free consultation to determine whether bankruptcy is right for you. You can also read the information we have provided below, which will provide you with addition information about the different types of bankruptcies.
We have Maryland & Virginia bankruptcy attorneys and offices in Virginia and Maryland.
-
Our Virginia offices are in Fairfax, Lynchburg, Manassas, Richmond & Virginia Beach.
-
Our Maryland offices are in Rockville & Annapolis.
For more information or to make an appointment with SRIS, P.C., please call, send us an e-mail or complete our online intake form.
SELECTING THE RIGHT TYPE OF BANKRUPTCY
Our bankruptcy attorneys handle Chapter 7, Chapter 11 and Chapter 13 bankruptcies in Maryland and Virginia.
Chapter 13 bankruptcy is generally reserved for individual consumers. It can help you save your house, car and personal effects. Filing bankruptcy might allow you to stop a foreclosure on your home. Chapter 11 can help your business reorganize and restructure, giving you an opportunity to prosper despite difficult financial times. Chapter 7 bankruptcy, also known as liquidation, allows some individuals and businesses to liquidate assets and eliminate debts.
For more information about the differences between these types of bankruptcies, please continue reading. To discuss your personal circumstances and determine which type of bankruptcy is right for you, contact us through our online intake form.
Our bankruptcy attorneys will fight those aggressive and annoying creditors for you. We work hard to provide you with the best service and legal representation possible. Our lawyers are highly skilled and knowledgeable in all types of bankruptcy law. Let an SRIS, P.C. bankruptcy lawyer in Virginia or Maryland help you get the relief that you need and deserve.
Bankruptcy law is mostly federal law. It contains the provisions that make up the current bankruptcy law. Bankruptcy proceedings are handled in the United States Bankruptcy Courts.
What is a Ch.7 bankruptcy?
The main goal of a Chapter 7 bankruptcy filing is to provide a fresh start to someone who is burdened with debt. Chapter 7 bankruptcies are the most common form of bankruptcy filings, accounting for more than 65% of all consumer bankruptcy filings.
Chapter 7 Bankruptcy is also known as liquidation or a straight bankruptcy. Liquidation converts one’s assets to money. This process involves the appointment of a trustee. The trustee collects all non-exempt property, sells the assets and then distributes the proceeds from the sale to the appropriate creditors. However, unlike other bankruptcy filings, a debtor does not make payments to the trustee.
Does this mean that you will lose your assets? The answer depends on your particular situation. If you fear that you may lose some of your possessions, discuss it with our Bankruptcy Lawyer.
The United States Bankruptcy Code may allow the debtor to keep some or all of the property. Often, a debtor will continue to make payments on a car loan or a mortgage on their home. This is done by signing a reaffirmation agreement. This agreement removes a particular loan from bankruptcy protection. Another way a debtor may be eligible to keep a vehicle is to pay the creditor the value of the vehicle. This will release the debtor from the creditor’s lien.
Unless one of the parties involved in the bankruptcy objects, the whole process is quite short. Typically some or all of the debts will be discharged within months after the bankruptcy petition is filed by an attorney. While the process sounds simple it can be very complicated.
What is a Ch.11 bankruptcy?
Chapter 11 bankruptcy is designed to provide businesses with an opportunity to reorganize and restructure their debts. This allows businesses that might otherwise be forced to liquidate their assets and close their doors to continue operating through a difficult financial time.
Filing Chapter 11 bankruptcy provides a business with temporary protection from creditors. Rather than liquidating assets to pay off debts, a business can create a plan to pay these debts from future profits the company generates. While this plan is pending approval, the business can continue operating, and creditors are not allowed to repossess property on which they have placed liens.
The Chapter 11 process is often more complex and complicated than Chapter 7 or Chapter 13 bankruptcy. When you file for Chapter 11 bankruptcy you will have to create a list of all of your creditors – and some of these creditors are selected as representatives for all of the creditors. You will also have to create a bankruptcy plan, and your creditors will have to accept this plan before your bankruptcy can be finalized.
To determine whether Chapter 11 bankruptcy is the right option for you, it is helpful to speak with an experienced bankruptcy attorney. In Maryland and Virginia, our bankruptcy attorneys can help you determine the best options for your business.
What is Ch. 13 Bankruptcy?
The purpose behind Chapter 13 bankruptcy filing is rehabilitation of the debtor. When you file for Chapter 13 bankruptcy, you are given the opportunity to repay some or all of your debts, but at generally better terms than your original agreements (lower or no interest). Rather than having to liquidate assets to pay off debts, this process is designed to allow the debtor to use future income to pay off creditors. Chapter 13 Bankruptcy is basically an adjustment or reduction of debts for a debtor with regular income.
The United States Bankruptcy Code provides the debtor an opportunity to pay back their creditors over a period of time of up to five years. This process is completely supervised by the court. Your attorney will ensure that your interests will be protected.
Chapter 13 bankruptcy allows the debtor to keep all of their property. However, an interest-free plan for repayment must be developed and approved by the court. The debtor begins to make payments within thirty to forty-five days after the case has begun. Unlike Chapter 7 Bankruptcy, the payments are made to the trustee who will then pay the appropriate creditors. Chapter 13 Bankruptcy prevents creditors from collecting from the debtor. The creditors are required by law to strictly follow the terms of the repayment plan. Your attorney will prepare this payment plan.
Although our bankruptcy attorneys are licensed to handle bankruptcy cases in Virginia, Maryland, D.C. & Massachusetts, we handle bankruptcy cases only in Virginia & Maryland.
Our Maryland & Virginia Bankruptcy attorneys and staff speak various languages, including English, Tamil, Arabic, Spanish, French, Hindi, Cantonese, Mandarin, and Telugu.
For more information or to make an appointment with a SRIS, P.C. bankruptcy lawyer, please call us at 888-437-7747, send an e-mail or complete the online intake form.
Please click on attorneys to learn more about the bankruptcy lawyers who handle bankruptcy cases in Virginia and Maryland.
We Are a Designated Debt Relief Agency under Federal Law. We Provide Legal
Assistance to Consumers Seeking Relief Under the Bankruptcy Code.
CHAPTER 7 BANKRUPTCY LAWYERS IN VIRGINIA & MARYLAND
The Chapter 7 bankruptcy lawyers of SRIS, P.C. handle Chapter 7 bankruptcy matters in Virginia and Maryland, with Virginia offices in Fairfax, Virginia Beach, Richmond, Manassas and Lynchburg, and Maryland offices in Rockville and Annapolis.
Contact us today for your initial consultation regarding your Chapter 7 bankruptcy case. You can complete our online intake form or call us at 888-437-7747.
Do You Qualify for Chapter 7 Bankruptcy In Virginia & Maryland?
The recent changes to the bankruptcy code, may limit your ability to file a Chapter 7 bankruptcy. To determine whether you are eligible to file under Chapter 7, also known as straight bankruptcy, you must consider two elements.
Is your current monthly income less than or equal to the median income in your state. This means that it may be more favorable for you to be in one state over another – but the new bankruptcy laws also established residency requirements, so you can’t relocate just to be in a state where you would meet the income requirement.
Second, even if you meet the income requirements, you have to qualify for Chapter 7 bankruptcy under the means test.
To determine whether you qualify under this test, it is helpful to discuss your individual circumstances with an experienced bankruptcy attorney.
Contact Us Today
Our skilled Chapter 7 bankruptcy lawyers will help you determine the best option for your personal situation. Contact us by calling 888-437-7747 or completing our online intake form.
For more information about bankruptcy generally, please see our Bankruptcy FAQ.
We Are a Designated Debt Relief Agency under Federal Law. We Provide Legal
Assistance to Consumers Seeking Relief Under the Bankruptcy Code
CHAPTER 13 BANKRUPTCY LAWYERS IN VIRGINIA & MARYLAND
If you are having trouble meeting your financial obligations, or feel like you’ll never be able to get out of debt, filing for Chapter 13 bankruptcy may be a wise choice for you. Chapter 13 bankruptcies are also known as the wage earner’s plan. , allows people who have a regular source of income create a financial plan for eliminating debt.
At SRIS, P.C., our experienced bankruptcy lawyers help people in Maryland and Virginia restructure their debts using the Chapter 13 bankruptcy process. Contact us today to discuss your concerns.
What Is Chapter 13 Bankruptcy?
With a Chapter 13 bankruptcy, you agree to pay your creditors some portion of the money that you owe them over a three to five year period. Frequently, this agreement will include a reduced interest rate for these debts or even eliminate interest entirely. The precise amount you have to repay will be determined by your disposable income, and your other financial obligations.
The entire process will be overseen by the bankruptcy courts, and creditors are not allowed to attempt to collect from you outside of this agreement.
Contact Our Bankruptcy Attorneys Today
If you are considering a Chapter 13 bankruptcy, our experienced Chapter 13 bankruptcy lawyers can help you determine what type of bankruptcy will work best for you. In Maryland or Virginia, call us at 888-437-7747 or complete our online intake form today.
We Are a Designated Debt Relief Agency under Federal Law. We Provide Legal
Assistance to Consumers Seeking Relief Under the Bankruptcy Code
BANKRUPTCY LAWYERS IN VIRGINIA & MARYLAND
Chapter 11 bankruptcy can help a struggling business become financially viable once again. At SRIS, P.C., our experienced Chapter 11 bankruptcy attorneys can help businesses in Maryland and Virginia reorganize under the Chapter 11 bankruptcy laws. Contact us today to discuss your bankruptcy concerns.
When Is Chapter 11 Bankruptcy the Best Option?
A Chapter 11 bankruptcy is generally most suitable for businesses that have successful plans with the potential to generate future profits, and simply need the opportunity to restructure debt obligations and contractual to maintain current business operations.
If you have become unable to pay your creditors, but want to continue operating, Chapter 11 bankruptcy might be an appropriate choice for you. A Chapter 11 bankruptcy gives a debtor the opportunity to create a manageable financial plan while recommitting to some previous agreements.
Contact Us Today to Discuss Chapter 11 Bankruptcy
Declaring Chapter 11 bankruptcy can be an effective business decision if you are struggling to meet your debt obligations, but it can also be an expensive and time-consuming process. To determine whether Chapter 11 bankruptcy is a good choice for you, discuss your circumstances with an experienced business and bankruptcy lawyer.
Come to SRIS, P.C. Our skilled bankruptcy attorneys can help you select the best course of action for your business. Call us at 888-437-7747 or complete our online intake form.
We Are a Designated Debt Relief Agency under Federal Law. We Provide Legal
Assistance to Consumers Seeking Relief Under the Bankruptcy C
Chapter 11 bankruptcy can help a struggling business become financially viable once again. At SRIS, P.C., our experienced bankruptcy attorneys can help businesses in Maryland and Virginia reorganize under the Chapter 11 bankruptcy laws. Contact us today to discuss your bankruptcy concerns.
When Is Chapter 11 Bankruptcy the Best Option?
Although Chapter 11 Bankruptcy is available for both individuals and businesses, it is generally most suitable for businesses that have successful plans with the potential to generate future profits, and simply need the opportunity to restructure debt obligations and contractual to maintain current business operations.
If you have become unable to pay your creditors, but want to continue operating, Chapter 11 bankruptcy might be an appropriate choice for you. Much like Chapter 13 bankruptcy, which is reserved exclusively for individual debtors, Chapter 11 bankruptcy gives a debtor the opportunity to create a manageable financial plan while recommitting to some previous agreements.
What Happens in a Chapter 11 Bankruptcy?
After filing a petition for Chapter 11 bankruptcy, there are some immediate consequences and effects. First, there is an automatic stay placed on any liens that your creditors have placed on your assets – meaning that they are generally not allowed to repossess these assets. When you file your petition you will have to file a list of your creditors, and a government agent will appoint a creditors’ committee to represent the interests of all of your creditors.
The goal of Chapter 11 bankruptcy is the successful rehabilitation of your business. The government understands that to successfully rehabilitate your business, you have to continue with normal business operations – so you will generally continue to have a great deal of flexibility in running your business.
After filing your petition for Chapter 11 Bankruptcy, you’ll generally file a Chapter 11 plan, outlining your future obligations to your creditors. As you work to create an agreement that will satisfy your creditors and allow you to continue operating your business, the bankruptcy court will supervise the reorganization of these obligations. The court has the authority to relieve you of some of your prior commitments, giving you the opportunity to make choices that will ensure the future profitability of your business. If you are able to reach an agreement with your creditors, the court must confirm your plan.
Contact Us Today to Discuss Chapter 11 Bankruptcy
Declaring Chapter 11 bankruptcy can be an effective business decision if you are struggling to meet your debt obligations, but it can also be an expensive and time-consuming process. To determine whether Chapter 11 bankruptcy is a good choice for you, discuss your circumstances with an experienced business and bankruptcy lawyer.
Come to SRIS, P.C. Our skilled bankruptcy attorneys can help you select the best course of action for your business. Call us at 888-437-7747 or complete our online intake form.
We Are a Designated Debt Relief Agency under Federal Law. We Provide Legal
Assistance to Consumers Seeking Relief Under the Bankruptcy Code.
HAPTER 13 BANKRUPTCY LAWYERS IN VIRGINIA & MARYLAND
If you are having trouble meeting your financial obligations, or feel like you’ll never be able to get out of debt, filing for Chapter 13 bankruptcy may be a wise choice for you. Chapter 13 bankruptcies are also known as the wage earner’s plan. , allows people who have a regular source of income create a financial plan for eliminating debt.
At SRIS, P.C., our experienced bankruptcy lawyers help people in Maryland and Virginia restructure their debts using the Chapter 13 bankruptcy process. Contact us today to discuss your concerns.
What Is Chapter 13 Bankruptcy?
With a Chapter 13 bankruptcy, you agree to pay your creditors some portion of the money that you owe them over a three to five year period. Frequently, this agreement will include a reduced interest rate for these debts or even eliminate interest entirely. The precise amount you have to repay will be determined by your disposable income, and your other financial obligations.
The entire process will be overseen by the bankruptcy courts, and creditors are not allowed to attempt to collect from you outside of this agreement.
Contact Our Bankruptcy Attorneys Today
If you are considering a Chapter 13 bankruptcy, our experienced Chapter 13 bankruptcy lawyers can help you determine what type of bankruptcy will work best for you. In Maryland or Virginia, call us at 888-437-7747 or complete our online intake form today.
We Are a Designated Debt Relief Agency under Federal Law. We Provide Legal
Assistance to Consumers Seeking Relief Under the Bankruptcy Code.
MARYLAND AND VIRGINIA BANKRUPTCY LAWYERS
If you’re over your head in debt and you’re looking for a way out, come to the experienced bankruptcy lawyers of SRIS, P.C. We handle bankruptcy matters in Virginia and Maryland, with Virginia offices in Fairfax, Virginia Beach, Richmond, Manassas and Lynchburg, and Maryland offices in Rockville and Annapolis.
Contact us today for your initial consultation. You can complete our online intake form or call us at 888-437-7747. If we aren’t able to answer you immediately – we will get back to you very quickly. We do our very best to reply to all of our phone calls within eight hours or less.
Do You Qualify for Chapter 7 Bankruptcy?
With the recent changes to the bankruptcy code, you may be limited in your ability to file Chapter 7 bankruptcy. To determine whether you are eligible to file under Chapter 7, also known as straight bankruptcy, you must consider two elements.
First, your current monthly income must be less than or equal to the medium income in your state. This means that it may be more favorable for you to be in one state over another – but the new bankruptcy laws also established residency requirements, so you can’t relocate just to be in a state where you would meet the income requirement.
Second, even if you meet the income requirements, you have to qualify for Chapter 7 bankruptcy under the means test. The means test is intended to determine whether you have enough income to make payments under a Chapter 13 reorganization bankruptcy – and therefore whether you will be required to restructure your debts rather than having these debts forgiven.
Determining whether you can qualify under the means test can be a complicated process, involving multiple factors. To determine whether you can qualify under this test, it is helpful to discuss your individual circumstances with an experienced bankruptcy attorney.
Contact Us Today
Come to our law offices today; our skilled Chapter 7 bankruptcy lawyers will help you determine the best option for your personal situation. Contact us by calling 888-437-7747 or completing our online intake form.
For more information about bankruptcy generally, please see our Bankruptcy FAQ.
We Are a Designated Debt Relief Agency under Federal Law. We Provide Legal
Assistance to Consumers Seeking Relief Under the Bankruptcy Code.
VIRGINIA BANKRUPTCY LAWYERS & MARYLAND BANKRUPTCY ATTORNEYS
HANDLING VIRGINIA CHAPTER 7 BANKRUPTCY CASES & MARYLAND CHAPTER 7 CASES
The bankruptcy law was created to help people. However, most people don’t want to file for a bankruptcy unless they absolutely have to.
The new bankruptcy laws have made it more difficult to file for a bankruptcy in Virginia or file for a bankruptcy in Maryland and filing bankruptcy will require more steps than in the past. However, it is still possible to file for bankruptcy in Virginia & Maryland. Our Virginia bankruptcy lawyers & Maryland bankruptcy lawyers routinely help clients exercise their constitutional right to file for a bankruptcy in Virginia & bankruptcy in Maryland.
If you are considering filing a bankruptcy in Virginia or bankruptcy in Maryland please call us today at 888-437-7747 for a consultation with a Virginia bankruptcy lawyer or , Maryland bankruptcy lawyer to determine whether filing a bankruptcy is right for you. We have Maryland bankruptcy lawyers & Virginia bankruptcy attorneys and offices in Virginia, Maryland & Massachusetts.
-
Our Virginia offices are in Fairfax, Fredericksburg, Lynchburg, Manassas, Richmond & Virginia Beach.
-
Our Maryland offices are in Rockville & Baltimore.
For more information or to make an appointment with a SRIS, P.C. Virginia bankruptcy lawyer or Maryland bankruptcy lawyer please call, send us or contact us via our online intake form.
THE RIGHT TYPE OF BANKRUPTCY
Our bankruptcy attorneys handle Chapter 7 bankruptcies in Maryland & Virginia.
Chapter 7 bankruptcy, also known as liquidation, allows some individuals and businesses to liquidate assets and eliminate debts.
Talk to us and we will help you determine which type of bankruptcy is right for you in Virginia & Maryland.
Our Virginia bankruptcy attorneys & Maryland bankruptcy lawyers will fight those aggressive and annoying creditors for you. Our Virginia bankruptcy lawyers & Maryland bankruptcy lawyers are highly skilled and knowledgeable in all types of bankruptcy law. Let a SRIS, P.C. bankruptcy lawyer in Virginia or SRIS, P.C. bankruptcy lawyer in Maryland help you get the relief that you need and deserve.
Bankruptcy law is mostly federal law and it is important to be aware of the most current bankruptcy laws. Bankruptcy proceedings are handled in the United States Bankruptcy Courts.
What is a Ch.7 bankruptcy?
The main goal of a Chapter 7 bankruptcy filing is to provide a fresh start. Chapter 7 bankruptcies are the most common form of bankruptcy filings. More than 65% of all consumer bankruptcy filings are Chapter 7 bankruptcy filings.
Chapter 7 Bankruptcy is also known as liquidation or a straight bankruptcy. Unlike other bankruptcy filings, a debtor does not make payments to the trustee in a Chapter 7 bankruptcy.
If you fear that you may lose some of your possessions, discuss it with our Virginia Bankruptcy Lawyer or Maryland Bankruptcy Lawyer.
The United States Bankruptcy Code may allow the debtor to keep some or all of the property. Often, a debtor will continue to make payments on a car loan or a mortgage on their home. This is done by signing a reaffirmation agreement. This agreement removes a particular loan from bankruptcy protection.
The Chapter 7 bankruptcy process is usually quite short. Typically some or all of the debts will be discharged within months after the bankruptcy petition is filed by an attorney. While the process sounds simple it can be very complicated.
Although our bankruptcy attorneys are licensed to handle bankruptcy cases in Virginia, Maryland, D.C. & Massachusetts, we handle bankruptcy cases only in Virginia & Maryland.
Our Maryland bankruptcy lawyers & Virginia bankruptcy attorneys and staff speak various languages, including English, Tamil, Arabic, Spanish, French, Hindi, Cantonese, Mandarin, and Telugu.
For more information or to make an appointment with a SRIS, P.C. bankruptcy lawyer in Virginia or bankruptcy lawyer in Maryland, please call us at 888-437-7747, send an e-mail or complete the on line intake form.
We Are a Designated Debt Relief Agency under Federal Law. We Provide Legal
Assistance to Consumers Seeking Relief Under the Bankruptcy Code
VIRGINIA BANKRUPTCY LAWYERS & MARYLAND BANKRUPTCY ATTORNEYS
HANDLING VIRGINIA CHAPTER 7 BANKRUPTCY CASES & MARYLAND CHAPTER 7 CASES
The bankruptcy law was created to help people. However, most people don’t want to file for a bankruptcy unless they absolutely have to.
The new bankruptcy laws have made it more difficult to file for bankruptcy in Virginia, bankruptcy in Maryland and filing bankruptcy will require more steps than in the past. However, it is still possible to file for bankruptcy in Virginia & Maryland. Our Virginia bankruptcy lawyers & Maryland bankruptcy lawyers routinely help clients exercise their constitutional right to file for a bankruptcy in Virginia & bankruptcy in Maryland.
If you are considering filing a bankruptcy in Virginia or bankruptcy in Maryland please call us today at 888-437-7747 for a consultation with a Virginia bankruptcy lawyer or , Maryland bankruptcy lawyer to determine whether filing a bankruptcy is right for you. We have Maryland bankruptcy lawyers & Virginia bankruptcy attorneys and offices in Virginia, Maryland & Massachusetts.
-
Our Virginia offices are in Fairfax, Fredericksburg, Lynchburg, Manassas, Richmond & Virginia Beach.
-
Our Maryland offices are in Rockville & Baltimore.
For more information or to make an appointment with a SRIS, P.C. Virginia bankruptcy lawyer or Maryland bankruptcy lawyer please call, send us or contact us via our online intake form.
THE RIGHT TYPE OF BANKRUPTCY
Our bankruptcy attorneys handle Chapter 7 bankruptcies in Maryland & Virginia.
Chapter 7 bankruptcy, also known as liquidation, allows some individuals and businesses to liquidate assets and eliminate debts.
Talk to us and we will help you determine which type of bankruptcy is right for you in Virginia & Maryland.
Our Virginia bankruptcy attorneys & Maryland bankruptcy lawyers will fight those aggressive and annoying creditors for you. Our Virginia bankruptcy lawyers & Maryland bankruptcy lawyers are highly skilled and knowledgeable in all types of bankruptcy law. Let a SRIS, P.C. bankruptcy lawyer in Virginia or SRIS, P.C. bankruptcy lawyer in Maryland help you get the relief that you need and deserve.
Bankruptcy law is mostly federal law and it is important to be aware of the most current bankruptcy laws. Bankruptcy proceedings are handled in the United States Bankruptcy Courts.
What is a Ch.7 bankruptcy?
The main goal of a Chapter 7 bankruptcy filing is to provide a fresh start. Chapter 7 bankruptcies are the most common form of bankruptcy filings. More than 65% of all consumer bankruptcy filings are Chapter 7 bankruptcy filings.
Chapter 7 Bankruptcy is also known as liquidation or a straight bankruptcy. Unlike other bankruptcy filings, a debtor does not make payments to the trustee in a Chapter 7 bankruptcy.
If you fear that you may lose some of your possessions, discuss it with our Bankruptcy Lawyer.
The United States Bankruptcy Code may allow the debtor to keep some or all of the property. Often, a debtor will continue to make payments on a car loan or a mortgage on their home. This is done by signing a reaffirmation agreement. This agreement removes a particular loan from bankruptcy protection.
The Chapter 7 bankruptcy process is usually quite short. Typically some or all of the debts will be discharged within months after the bankruptcy petition is filed by an attorney. While the process sounds simple it can be very complicated.
Although our bankruptcy attorneys are licensed to handle bankruptcy cases in Virginia, Maryland, D.C. & Massachusetts, we handle bankruptcy cases only in Virginia & Maryland.
Our Maryland bankruptcy lawyers & Virginia bankruptcy attorneys and staff speak various languages, including English, Tamil, Arabic, Spanish, French, Hindi, Cantonese, Mandarin, and Telugu.
For more information or to make an appointment with a SRIS, P.C. bankruptcy lawyer in Virginia or bankruptcy lawyer in Maryland, please call us at 888-437-7747, send an e-mail or complete the on line intake form.
We Are a Designated Debt Relief Agency under Federal Law. We Provide Legal
Assistance to Consumers Seeking Relief Under the Bankruptcy Code.
