There Is a Solution to Your Overwhelming DebtMention of the word “bankruptcy” and people tend to shy away from it. It’s seen as a negative thing in the eyes of many, all of whom are unfamiliar with the specifics. Bankruptcy is actually a great option for those who are dealing with a lifetime of unmanageable debt.
Casey Legal, P.C. is well versed in bankruptcy laws in Virginia, and can help you discover the proper avenue to address your overwhelming debt. Imagine being able to stop creditor harassment, foreclosure, repossession and wage garnishment once and for all.
For individuals, there are two main ways of filing for bankruptcy: Chapter 7 and Chapter 13.
Chapter 7 bankruptcy is seen as a liquidation plan. This route allows you to eliminate unsecured debts, but could require your assets to be sold to address these debts and pay creditors. There are exemptions available in Virginia, which can allow you to exempt your important assets to avoid them being sold.
Contact Casey Legal, P.C. to discuss what may be exempt in your specific case, and to get started on filing for Chapter 7 bankruptcy.
Chapter 13 bankruptcy is more of a repayment option. With Ch. 13, all of your debts are consolidated and you must pay these debts off in a 3 to 5 year plan. This option works for individuals who have a stable and rather appropriate income to address these debts.
No assets are sold or used in the process, but it requires commitment and specific requirements to work for some individuals.
Casey Legal, P.C. will undoubtedly help you through the entire process, from start to finish. We’ll provide you with the personalized service you deserve to finally find relief from your debts. To get started, contact Casey Legal, P.C. today at 757-596-0456.