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...
Bankruptcy
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...