Virginia Bankruptcy Lawyers for Chapter 7 and 13 Cases
If an imminent mortgage foreclosure or debt collection efforts have you backed up against a wall, the option of personal bankruptcy might just be the solution you need to find some breathing room.Contact an experienced bankruptcy attorney at Cravens & Noll in Richmond for a free initial consultation about your debt situation. With offices in both Henrico and Chesterfield, we offer prompt and highly personalized advice and representation for West End and Southside clients who need help right now.
The filing of a bankruptcy case puts an immediate stop to virtually all current debt collection efforts, ranging from debt enforcement litigation in the courts to wage garnishment, repossession, or mortgage foreclosure proceedings. We can show you how you can qualify for a complete discharge of most unsecured debts in a Chapter 7 bankruptcy, or achieve substantially the same objectives under a Chapter 13 repayment plan over a period of three to five years. Many Chapter 13 debtors may only pay 10 to 15 cents on the dollar for unsecured claims while relieving debt collection pressure and protecting the assets they care about most.
While your bankruptcy case is pending, we can work out arrangements to protect your interests concerning your house, your car or truck, and other assets that serve as collateral on your biggest debts. We can also often negotiate reductions or extensions of tax liabilities and other debts that cannot be discharged.
Debt Consolidation Services – What You need to Know
Debt consolidation services claim they can negotiate lower interest rates and lower monthly minimum payments to help you get out of debt Unlike in a Chapter 7 or Chapter 13 bankruptcy, creditors are under no legal obligation to reduce your interest rate, monthly minimum payment, or discharge your debt. In fact, some debt consolidation services buy information from credit card companies which allow them to know how much money a credit card company is willing to settle for before they even begin “negotiations.”
In the end, consumers may pay expensive upfront fees that are paid over the first 6 months before any principle is actually paid on what is owed. Additionally, a bank may call in any outstanding balance once a debt consolidation company gets involved, afraid a consumer will declare bankruptcy and a stay of relief will go into effect.
Filing for Bankruptcy – Making it easier for Our Clients
Our office is equipped with the latest high-tech data management and communications systems that can streamline our access to credit reports and tax returns for fast service when you really need it. When absolutely necessary, we can even file your bankruptcy case the same day you come in to meet us for the first time.
No matter what the source of your financial pressure might be–medical expenses, consumer debt and credit card bills, or the loss of a job–the bankruptcy lawyers at Cravens & Noll can help you find the solution you need. Call us as soon as possible for a free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.