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751 Thimble Shoals Blvd.
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Newport News, Virginia 23606
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When facing overwhelming debt, filing for bankruptcy can offer much-needed financial relief. However, it’s essential to understand the differences between Chapter 7 and Chapter 13 bankruptcy to determine which option is best for your situation. At Casey Legal, P.C., we assist the Virginia public with bankruptcy matters, helping clients make informed decisions and navigate the complexities of the bankruptcy process.
Chapter 7 bankruptcy, often called
liquidation bankruptcy
, is designed for individuals who cannot repay their debts. It involves selling (or liquidating) non-exempt assets to pay off creditors, and any remaining unsecured debts are typically discharged.
Chapter 13 bankruptcy, also known as
reorganization bankruptcy
, allows individuals with a steady income to keep their property while repaying some or all of their debts over a 3 to 5-year period.
At Casey Legal, P.C., we understand that filing for bankruptcy is a major decision. Our experienced team is here to help you choose between Chapter 7 and Chapter 13, guide you through the process, and protect your financial future.
If you’re considering bankruptcy in Virginia, contact Casey Legal, P.C. today to schedule a consultation and learn how we can assist you with your bankruptcy case
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Disclaimer: The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.
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All Rights Reserved | Casey Legal, P.C. | Powered By Convert It Marketing | Privacy Policy