The Benefits of Filing for Chapter 7 Bankruptcy in Virginia

May 16, 2024

The Benefits of Filing for Chapter 7 Bankruptcy in Virginia

If you are struggling with debt in Virginia, filing for Chapter 7 bankruptcy may be a viable solution to help you get a fresh start. At Casey Legal, we understand the challenges that individuals and families face when dealing with financial difficulties. We are here to assist residents of Newport News and Hopewell, VA with their bankruptcy needs. In this blog post, we will explore the benefits of filing for Chapter 7 bankruptcy and how it can provide relief for those facing financial hardship.

Debt Discharge


One of the primary benefits of filing for Chapter 7 bankruptcy is the discharge of certain debts. This means that qualifying debts, such as credit card debt, medical bills, and personal loans, can be eliminated through the bankruptcy process. This can provide significant relief for individuals who are struggling to make ends meet and need a fresh start financially.

Automatic Stay


When you file for Chapter 7 bankruptcy, an automatic stay goes into effect immediately. This means that creditors are prohibited from taking any further collection actions against you, including harassing phone calls, wage garnishment, or foreclosure proceedings. The automatic stay provides breathing room for individuals to regroup and work on their financial situation without the constant stress of creditor harassment.

Exemption Protections


In Virginia, individuals filing for Chapter 7 bankruptcy are able to take advantage of exemption protections that allow them to keep certain assets such as their home, car, and personal belongings. These exemptions vary depending on your specific circumstances but can help ensure that you do not lose everything in the bankruptcy process.

Fresh Start


Filing for Chapter 7 bankruptcy provides individuals with a fresh start financially. Once your qualifying debts have been discharged and you have completed the bankruptcy process, you can begin rebuilding your credit and working towards a more stable financial future. While bankruptcy does have an impact on your credit score initially, many individuals find that they are able to improve their credit over time by being diligent about making on-time payments and managing their finances responsibly.

Legal Assistance


Navigating the complexities of Chapter 7 bankruptcy law can be challenging without the assistance of an experienced attorney. At Casey Legal, we have helped numerous clients in Newport News and Hopewell successfully file for Chapter 7 bankruptcy and achieve relief from their financial burdens. Our team is dedicated to providing compassionate legal guidance and support throughout the entire process.


If you are considering filing for Chapter 7 bankruptcy in Virginia, it is important to understand the benefits that this option can provide in terms of debt relief and a fresh start financially. By working with a knowledgeable attorney at Casey Legal who has experience and knowledge in bankruptcy law, you can navigate the process with confidence and achieve a positive outcome. Contact us today to schedule a consultation and learn more about how we can assist residents of Newport News & Hopewell with their bankruptcy matters.


Two gold wedding rings are sitting on top of a cracked piece of paper.
March 6, 2025
An uncontested divorce may be the right solution for couples in agreement on key issues. In this blog, Casey Legal, P.C. discusses when an uncontested divorce makes sense and when it may not be the best choice, helping you determine the best course of action for your situation.
A dollar bill is laying on the ground in the desert.
February 6, 2025
Explore how co-signers are impacted in Chapter 7 and Chapter 13 bankruptcy cases. Learn about the potential risks and protections for co-signers in these two types of bankruptcy proceedings in Newport News, Virginia.
A scale of justice is sitting on a wooden table next to a laptop.
January 2, 2025
Learn about Virginia's statute of limitations for personal injury claims, including how long you have to file, exceptions, and the importance of acting promptly. Find out how Casey Legal, P.C. can help with your case in Newport News, VA.
December 5, 2024
Child support is a critical component of ensuring the well-being and stability of children when parents are living separately. As a resident of Virginia, understanding how child support calculations are made can help you navigate this often complex process with confidence and clarity. Whether you're currently involved in determining child support or simply want to be informed for future reference, knowing how courts factor in elements like income, custody arrangements, and the specific needs of children is essential. In this blog post, we will take an in-depth look at these factors and provide insights into how they shape child support decisions in Virginia. VA Statutory Guidelines In Virginia, the determination of child support payments follows statutory guidelines designed to establish fair contributions from both parents toward their child's upbringing. The primary goal is to ensure that children's financial needs are met consistently, regardless of any changes in family structure. The first factor courts consider is parental income. This includes wages, salaries, bonuses, dividends, interest earnings, and even rental income or other sources that contribute to a parent's financial capability. Importantly, Virginia uses a combined adjusted gross income model to calculate what proportion each parent should contribute relative to their earnings. Child Support and Custody Custody arrangements also play a pivotal role in calculating child support obligations. In cases where one parent has sole physical custody, the non-custodial parent typically pays child support based on time spent with the child and their share of combined income. However, when joint physical custody is awarded—which means both parents share nearly equal time with their children—the calculation becomes more nuanced. Herein lies an equitable approach that considers overnight stays as part of the equation; thus adjusting monetary responsibilities accordingly. Children’s Individual Needs Apart from income and custody logistics, another crucial consideration revolves around children's individual needs—both basic and extraordinary. Basic needs include food, shelter, medical care (often requiring separate health insurance provisions), clothing, and education supplies—ensuring these fundamental aspects are covered forms the baseline for any calculation. On top of this baseline comes extraordinary expenses such as special education requirements or medical treatments not covered by standard insurance plans which can significantly influence payment amounts. Evolving Circumstances Equally important is the periodic review of existing agreements. As life circumstances evolve and incomes may vary due to unforeseen economic conditions or new family developments, it is crucial to seek revisions through the legal channels available in Hopewell and the wider Virginian jurisdictions. This ensures continued fairness that reflects current realities rather than relying on outdated assumptions. Understanding how child support calculations work is vital for anyone involved in family law matters within Virginia's jurisdiction—be it during initial court proceedings or subsequent modifications thereof downline years later! Recognizing key factors including each parent’s income levels alongside specific custodial arrangements plus unique needs presented by every individual case scenario itself allows informed decision-making geared towards securing the best possible outcomes tailored precisely around those very parameters considered alongside existing statutory guidelines themselves effectively guiding processes throughout entire duration involvement therein ultimately benefitting the children.
November 7, 2024
Experiencing a car accident can be an overwhelming and distressing event, leaving you feeling shaken and unsure of what steps to take next. In the blink of an eye, your daily routine is interrupted by chaos and confusion. While it’s natural to feel overwhelmed, knowing what actions to take immediately after an accident can make all the difference for your safety and legal protection. Whether you are driving through the bustling streets of Richmond or cruising along peaceful country roads in Hopewell, understanding your rights and responsibilities as a Virginia resident is crucial. This guide will walk you through the essential steps to ensure your safety, protect your rights, and assist Casey Legal, P.C., your trusted personal injury attorney in Hopewell, Virginia.
October 23, 2024
What is the Difference Between Chapter 13 and Chapter 7 Bankruptcy in Virginia?
October 17, 2024
Filing for Chapter 13 bankruptcy can be a lifeline for many individuals struggling with overwhelming debt. It provides a structured repayment plan, allowing debtors to retain their assets while gradually resolving their financial obligations over three to five years. However, not all Chapter 13 cases reach successful completion; dismissals are unfortunately common. If you’re a resident of Hopewell, Virginia, considering or currently navigating a Chapter 13 bankruptcy, understanding the reasons behind these dismissals and how to avoid them is crucial. Casey Legal, P.C., offers this comprehensive guide to help you steer clear of common pitfalls and keep your financial recovery plan on track.
September 19, 2024
The Benefits of Filing for Chapter 13 Bankruptcy in Virginia
September 5, 2024
alimony and spousal support in virginia: how an attorney can help
August 31, 2024
Understanding the Necessary Documents for a Prenuptial Agreement in Virginia
More Posts
Share by: