Top Quinton, VA Chapter 7 Business Bankruptcy Lawyers Near You
2736 Holly Ridge Lane, Williamsburg, VA 23285
1324 Sycamore Square, Suite 202 C, Midlothian, VA 23113
8003 Franklin Farms Dr, Suite 102, Richmond, VA 23229
901 East Byrd St, Suite 1650, Richmond, VA 23219
1021 E. Cary Street, Suite 1700, Richmond, VA 23219
301 Concourse Blvd., Suite 120, West Shore III Bldg, Glen Allen, VA 23059
2400 Old Brick Rd, Glen Allen, VA 23060
1900 E. Parham Road, Henrico, VA 23228
919 East Main Street, Suite 600, Richmond, VA 23219
4801 Hermitage Rd, Suite 101, Richmond, VA 23227
919 East Main Street, Suite 1300, Richmond, VA 23219
411 E. Franklin, Suite 500, Richmond, VA 23219
1021 E Cary Street, Suite 1420, Richmond, VA 23219
901 East Byrd Street, Suite 1000, Richmond, VA 23219
530 East Main St, Suite 320, Richmond, VA 23219
2104 West Laburnum Avenue, Suite 201, Richmond, VA 23227
4124 E. Parham Road, Henrico, VA 23228
PO Box 1998, Richmond, VA 23218
901 East Byrd Street, Suite 1500, Richmond, VA 23219
1001 Haxall Point, Richmond, VA 23219
13224 Hanover Courthouse Rd, Suite 205, Hanover, VA 23069
Riverfront Plaza, East Tower, 951 East Byrd Street, Richmond, VA 23219
1021 East Cary Street, Suite 1400, Richmond, VA 23219
1650 Willow Lawn Drive, Suite 201, Richmond, VA 23230
919 East Main Street, Suite 1130, Richmond, VA 23219
Quinton 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.