Chapter 13

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Chapter 13 Bankruptcy Attorney In Newport News, Virginia

What Is A Chapter 13 Bankruptcy?

When it comes to falling behind on house or car payments, obtaining the right legal assistance can make all the difference, and that's where Casey Legal, P.C. in Virginia comes in, well-positioned to provide the help you need. A Chapter 13 bankruptcy can serve as a powerful tool to halt foreclosure on your home, prevent your car from being seized, and may even allow you to reduce your vehicle payments significantly. In certain circumstances, you might qualify for a tailored repayment plan that enables you to pay back only a portion of your outstanding debt while still maintaining ownership of crucial assets, including both your home and your car. This approach can be particularly beneficial for individuals who may also be facing issues related to past parking tickets, which could have resulted in the loss of their driver’s license; a Chapter 13 proceeding can pave the way for the reinstatement of your license, helping you regain your mobility.


However, to truly capitalize on all the benefits that come with a Chapter 13 bankruptcy, enlisting the experience of a seasoned bankruptcy lawyer is invaluable and highly recommended. At Casey Legal, P.C., our proficient attorneys come equipped with a wealth of experience and a strong track record in managing Chapter 13 proceedings for our many satisfied clients – we are dedicated to assisting you in achieving the most favorable outcome possible. Don’t hesitate to schedule an appointment with us today to discover how we can best support you through this challenging time and help you regain control of your financial future.

Call Casey Legal, P.C. at 757-895-7369 to schedule a consultation with a lawyer today.

How Do I Qualify for a Chapter 13 Bankruptcy?

First and foremost, you require a consistent, stable income – sufficient to make standard payments in accordance with the court’s ruling. This income doesn't necessarily have to be derived from employment, as receiving social security, disability benefits, unemployment compensation, retirement benefits, or even rent income can also be qualifying sources. However, positions such as stock or commodity brokers cannot avail of Chapter 13 bankruptcy. Similarly, business entities are not eligible for Chapter 13 relief. Sole proprietors and self-employed individuals can be eligible if their obligations are within certain parameters. Additionally, if your liabilities extend beyond three to five years, you could potentially qualify, subject to a means test to verify your eligibility.


At Casey Legal, P.C., our seasoned legal team can evaluate your circumstance before you file to help you ascertain if a Chapter 13 bankruptcy would be in your favor. To kick-start this process, get in touch with our Virginia office at the earliest convenience.

What Happens During a Chapter 13 Proceeding?

Initially, establishing your qualification through the required means analysis is not just a formality, but a crucial necessity that lays the groundwork for your financial recovery. If you meet these important criteria, initiating a Chapter 13 bankruptcy with Casey Legal, P.C. will effectively halt any ongoing foreclosures, wage garnishments, repossessions, lawsuits, or further interruptions from creditors that may be causing you stress. Our dedicated team will guide you through the intricacies of crafting a repayment blueprint tailored to your unique financial situation, though it's important to note that this plan is ultimately subject to the court's affirmation. The court's judgment will hinge on whether your repayment plan has been presented in good faith, as well as their assessment that the total amount your unsecured creditors will receive does not fall short of what they would have obtained in a typical Chapter 7 submission.


Furthermore, to ensure the efficacy of your payments, you'll want to make sure that they utilize all your discretionary income—this comprises all income that is not allocated toward your basic sustenance and maintenance. While this process may seem intricate and overwhelming, rest assured that with a seasoned bankruptcy attorney like Jessica Casey from Virginia by your side, you can feel confident knowing you're in capable hands, and you will be well-equipped to navigate this process successfully. Don't hesitate—initiate the journey toward financial relief today by reaching out to our office for assistance.

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Disclaimer: We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.

Have Questions?

Jessica Casey and the team at Casey Legal, P.C. will meet with you, at no cost, for a full consultation and evaluation of your case.
Call us today at 757-895-7369.

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