Top Newport News, VA Chapter 7 Business Bankruptcy Lawyers Near You
780 Lynnhaven Parkway, Suite 400, Virginia Beach, VA 23452
601 Thimble Shoals Blvd, Suite 210, Newport News, VA 23606
PO Box 1322, Chesapeake, VA 23327
2021 Cunningham Drive, Hampton, VA 23666
, Norfolk, VA 23508
4000 George Washington Mem. Hwy, Yorktown, VA 23692
2492 North Landing Road, Suite 104, Virginia Beach, VA 23456
258 North Witchduck Road, Suite C, Virginia Beach, VA 23462
101 W Main Street, Suite 705, Norfolk, VA 23510
12350 Jefferson Ave, Suite 170, Newport News, VA 23602
5425 Discovery Park Blvd, Suite 200, Williamsburg, VA 23188
117 Market Street, Suffolk, VA 23434
500 East Plume Street, Suite 503, Norfolk, VA 23510
101 West Main Street, Suite 9000, World Trade Center, Norfolk, VA 23510
Chapter 7 Business Bankruptcy Lawyers | Serving Newport News, VA
150 West Main Street, Suite 1600, Norfolk, VA 23510
150 Boush Street, Suite 604, Norfolk, VA 23510
200 High Street, Suite 302, Portsmouth, VA 23704
500 East Main Street, Suite 1000, Norfolk, VA 23510
575 Lynnhaven Parkway, Suite 200, Virginia Beach, VA 23452
One City Center, 11815 Fountain Way, Suite 400, Newport News, VA 23606
870 North Military Highway, Suite 300, Norfolk, VA 23502
500 East Main Street, Suite 801, Norfolk, VA 23510
154 Newtown Rd, Suite B2-100, Virginia Beach, VA 23462
101 West Main Street, 500 World Trade Center, Norfolk, VA 23510
Dominion Tower, Suite 1700, 999 Waterside Drive, Norfolk, VA 23510-3303
Newport News Chapter 7 Business Bankruptcy Information
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What Is Bankruptcy?
Bankruptcy is a legal process that allows people to get out from under debts that are causing serious financial harm. Through the bankruptcy process, you may be able to get rid of debts like medical bills, credit card bills, and other unsecured debts. Factors such as your income and whether you have assets that you can sell to pay off some of the debts are taken into account when filing for bankruptcy and will determine what happens.
What Happens When I File for Bankruptcy?
When you file for bankruptcy, you will be under a federal bankruptcy court’s supervision and protection. During this time, you, your lawyer, the court, and your creditors will work on a plan for discharging your eligible debts. Collectors will also be unable to repossess property and garnish your wages or bank accounts during this time.
How Much Does It Cost To File for Bankruptcy?
There is no easy answer to this question. The ultimate cost will be a mix of court filing fees and what you owe your attorney for guiding you through the process. What you owe will depend on how complicated your case is and whether there are any prolonged disputes with creditors. Most likely, however, the debt relief that comes with bankruptcy will outweigh any fees.
How Long Does Bankruptcy Stay on Your Credit Report?
A Chapter 7 bankruptcy filing will stay on your credit report for up to 10 years, while a Chapter 13 will remain for up to seven years. A bankruptcy filing will also harm your credit score. However, if you need to file for bankruptcy, it’s likely your score is not that high anyway, and your bankruptcy will give you a chance at a fresh start and time to rebuild your credit score.