Glen Allen Bankruptcy Attorney Helping Individuals and Businesses Find Effective Debt Relief
Times are tough, and individuals, families and businesses throughout central and southwest Virginia are struggling to make ends meet. Many people live from month to month or paycheck to paycheck, and a single major setback, like a job loss, sudden illness or unexpected expense, can be all it takes to push them over the brink into financial disaster. Fortunately, it doesn’t have to be that way. U.S. and Virginia laws offer protection to keep people from financial ruin and help them get back on their feet. Farmer Legal in Glen Allen helps people find the debt relief they need and come out of the other side of a Chapter 7, Chapter 13 or Chapter 11 bankruptcy in stronger and more stable financial health.
Get a Fresh Start with Chapter 7
Chapter 7 bankruptcy allows consumers to get a discharge of most or all of their unsecured debt and make a new start debt-free. We help you make the most of the Virginia bankruptcy exemptions, so that you can keep most or all of your personal property and belongings without having to sell any assets in order to complete the bankruptcy. If medical bills or credit card debt have soared beyond your ability to manage them, a Chapter 7 bankruptcy may help you climb out of debt and emerge with a clean slate.
For companies who cannot continue in business, a Chapter 7 provides the means to wind up operations cleanly and completely, without the worry of continued pressure from creditors.
Save Your Home from Foreclosure with Chapter 13
Consumers who do not qualify for Chapter 7 or who have certain property they want to be sure and protect, can still find effective debt relief with a Chapter 13 bankruptcy. If you have a steady source of income, Chapter 13 can help you pare down and consolidate your debts into one convenient payment, allowing you to pay down your debts over time in a comfortable manner. Chapter 13 stops creditor harassment and the hassle of dealing with a multitude of companies all fighting to get your money.
If you are in default on your mortgage payments and the bank is threatening to foreclose, a Chapter 13 can stop the foreclosure in its tracks, allowing you to catch up on missed payments and stay in your home. If you owe more on the house than it is worth, we may be able to strip away a second mortgage or bring down your mortgage balance.
Chapter 11 Reorganizations for Businesses
A Chapter 11 is the answer for companies who are struggling financially but still wish to continue in business. With a Chapter 11 reorganization, you can maintain operations while restructuring your finances and debt, renegotiating contracts, and developing a plan to repay your creditors over time.
Consumers may find relief through Chapter 11 as well, although it is primarily used as a tool for businesses. If you do not qualify for Chapter 7 or 13 because of your income or debt, if you have high-value assets you want to be sure to protect, or if you have a large amount of unsecured debt and non-exempt assets, a Chapter 11 can help you keep your property and develop a plan to pay your debts over time.
Get Relief from Debt with the Help of a Knowledgeable Virginia Bankruptcy Attorney
Everybody worries about money, but don’t let things get so bad that you feel you don’t have any options. Help is available. In Glen Allen and communities throughout central and southwest Virginia, contact Farmer Legal for a free consultation with a skilled and knowledgeable bankruptcy attorney who can guide you through the necessary steps for debt relief. Call our office anytime for immediate assistance. Our number is (804) 325-1441.