Distinctions: Chapter 7 and Chapter 13.
Overwhelming financial obligation? Time for the start that is fresh? There are two main options for filing bankruptcy that is personal Virginia: Chapter 7 or Chapter 13. Through your consultation that is free our can allow you to determine which option is perfect for your position.
Beneath the Federal Bankruptcy Code individuals overloaded with financial obligation may submit an application for bankruptcy security under Chapter 7 or Chapter 13. Each provides appropriate protection based on your own circumstances. Boleman Law provides every person a totally free assessment by having a skilled, experienced bankruptcy lawyer to examine and suggest choices. Just demand a consultation.
Chapter 7 bankruptcy
Often referred to as a вЂњcompleteвЂќ or вЂњstraightвЂќ bankruptcy chapter that is ensures that anyone turns over all their non-exempt assets or home (vehicle, home, cost cost cost savings, as an example) to a bankruptcy trustee whom offers it and distributes the profits to your unsecured creditors such as for example creditors, medical bills or loans.
Individuals usually can keep a majority of their property that is personal, tools and clothes, as an example).
Boleman Law will finish every one of the complicated kinds and documents for you personally, and a Boleman Law lawyer will stay beside both you and talks for you at trustee hearings plus in court. Continue Reading