Consumer credit counselors help individuals manage their debts and improve their financial well-being. Using credit counseling services involves working with an agency to create a structured plan for repaying debts and managing personal finances. Most credit...
Bankruptcy
Can declaring bankruptcy get rid of debts related to DUI charges?
If you get charged for driving under the influence (DUI) of alcohol in Virginia, you can expect to pay a fine between $250 and a hefty $2,500. On top of the fines, you may be asked to pay for any damages and injuries you cause if your intoxication leads to a motor...
The value of Chapter 13 bankruptcy in Virginia
If you're struggling to pay your debts, Chapter 13 bankruptcy could be a helpful solution. While it may be confused with Chapter 7, significant differences include avoiding liquidation, debt restructuring and keeping some assets. In Virginia, Chapter 13 may be more...
Filing Chapter 13 bankruptcy in Virginia
Filing Chapter 13 bankruptcy in Virginia can help get your debt under control. This type of bankruptcy involves restructuring your debts. Instead of erasing the debts, there’s a repayment period spanning three or five years. The first step in filing Chapter 13 is...
Is it possible to declare bankruptcy on medical bills?
If your medical bills are an increasing burden on your finances, you're probably looking into all options for finding some relief. One such option is bankruptcy, but many people aren't aware that they can discharge medical debt through bankruptcy in Virginia. You can...
What bankruptcy liquidation entails
Even fiscally responsible persons could suffer from excessive debt. Everything from job losses to unexpected, severe illnesses may leave a resident with bills they cannot pay. Some Virginia consumers may find ways to address their financial situation, while others...
Why finish a Chapter 13 plan early?
Chapter 13 could be a preferable bankruptcy category over Chapter 7. However, some may move from Chapter 13 to Chapter 7. Other Virginia debtors might wish to leave Chapter 13 early altogether. Chapter 7 and Chapter 13 Chapter 7 and Chapter 13 are different from one...
Cramdown in a Chapter 13 proceeding
When a person in Virginia is going through Chapter 13 bankruptcy, a cramdown may be part of the process. This is an externally imposed bankruptcy plan that does not have the support of all creditors. Bankruptcy A person that goes through Chapter 13 bankruptcy is...
Facts about Chapter 13 bankruptcy in Virginia
If you are struggling with debt, you may be considering filing for bankruptcy. Chapter 13 bankruptcy is one of the most common types of bankruptcy filed in the United States, and it can help you get a handle on your debt. What is Chapter 13 bankruptcy? Chapter 13...
Bankruptcy not an option for those working in cannabis industry
Recreational marijuana is legal in many states, although not yet Virginia, but medical marijuana is in fact legal in the Old Dominion. However, if you earn any kind of income, even if it’s indirect, from the cannabis industry, you might be banned from filing for...