Filing Chapter 7 Bankruptcy in Virginia
Committed to helping you achieve lasting debt relief
Often called “straight bankruptcy,” Chapter 7 provides immediate debt relief to individuals, corporations and partnerships. The Miller Law Group, P.C. has extensive experience helping clients file for Chapter 7 bankruptcy in Virginia. Our debt relief lawyers guide you through each step of the process to help you and your family regain your financial footing.
The Chapter 7 filing process
To file for Chapter 7 in Virginia, you must first pass a means test based on the state’s median income to qualify. We help you file after pulling together all the appropriate information you provide. Once you’ve filed, your creditors cannot try to collect directly from you. We can help you stop creditor harassment as well as any creditor attempts at wage garnishment or repossession.
You then meet with your court-appointed bankruptcy trustee in what’s known as a 341 meeting (named for a section in the Bankruptcy Code) to provide answers to a number of questions. Your creditors may or may not choose to attend. You have at least one additional court hearing in your case, a discharge hearing, in which the court explains your rights and responsibilities following discharge, or forgiveness, of your debts. The entire process usually lasts between three and four months. We charge a reasonable Chapter 7 bankruptcy attorney fee and work directly with each client throughout the bankruptcy process to help eliminate credit card debt, medical debt, payday loan debt and other personal loan debt.
Protected property under Chapter 7 bankruptcy
Under Virginia law, you can keep a certain portion of the property you own. Chapter 7 bankruptcy law protects the following property, among others:
- Household goods: up to $5,000
- Clothing: up to $1,000
- Medically prescribed health aids
- Professional equipment for work or school use: up to $10,000
- Automobile: up to $6,000 (equity value)
Aside from these exemptions and a few others, the balance of your property is sold by the trustee, and the proceeds used to pay your creditors. Acting quickly to pick the right debt relief action can help you stop creditor harassment, prevent foreclosure and achieve lasting debt relief. Consult with our seasoned bankruptcy attorneys to determine if Chapter 7 is right for you.
Contact us to discuss if filing for Chapter 7 bankruptcy is right for you
If you are falling behind on loan payments, the Miller Law Group, P.C., can help you determine whether Chapter 7 bankruptcy is an appropriate option for achieving lasting debt relief. With more than 30 years of combined experience, our attorneys and professional staff work hard to protect what’s important to our clients in Albemarle County and surrounding counties: their assets and their families. Call us locally at 434-218-3987 or contact us online today for your FREE APPOINTMENT. Our law firm is located behind the Senior Center in Charlottesville and is handicapped-accessible. Parking is available outside the door.
Serving the communities of central Virginia, including Albemarle, Augusta, Buckingham, Charlottesville, Culpeper, Fluvanna, Greene, Louisa, Madison, Orange, Harrisonburg, Staunton and Waynesboro