Your Mini Guide to Virginia Bankruptcy
Fairfax bankruptcy lawyer Michael Sandler has been practicing bankruptcy law for over five years and has successfully represented hundreds of clients in his legal career. His practice, The Law Office of Michael J. O. Sandler PLLC, is small enough to give all clients the personal attention they deserve. He talks here about how he can help you get out of debt and looking confidently toward the future.
Paying Off Your Debt with Chapter 13
Most people file Chapter 13 because they make too much money to qualify for a Chapter 7, or because they need to use Chapter 13 to get caught up on secured debt such as a mortgage and therefore avoid foreclosure. Generally speaking, your Chapter 13 payments will be whatever your disposable income is at the end of the month. The amount of income you make will determine the length of your plan as well as the amount of debt.
Property Exemptions in Fairfax
Virginia is not considered a particularly generous state when it comes to the amount of property exemptions, as most other states have higher amounts when it comes to the property you exempt. Good bankruptcy lawyers who work hard to represent consumers try to work with the legislature and get the amount raised.
Can I Keep My Car If I File For Chapter 7?
One of the questions a bankruptcy lawyer gets asked most often is whether or not someone will be able to keep his car when he files a Chapter 7 bankruptcy, The answer is that it's typically your choice, not the choice of the lender.
Who Can File for Chapter 13 Bankruptcy in Fairfax?
Filing a Chapter 13 bankruptcy is not for everyone. It is available to debtors with a particular income but there are certain restrictions on the amount of debt that you are allowed to have. If you exceed that amount, you will have to file Chapter 11 bankruptcy.
What a Fairfax Bankruptcy Lawyer Can Do For You If You?re Unemployed
People who are unemployed for extended periods of time obviously can accrue a lot of debt. Filing a Chapter 7 bankruptcy can get rid of all of those bills and put an end to the harassing phone calls, lawsuits, and bank garnishments, thereby reducing your monthly obligations and helping you pay your remaining bills out of unemployment or other compensation.
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