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VIRGINIA BANKRUPTCY LAWYER

Word Lawyer on Scrabble Tray

Virginia Bankruptcy Lawyer

 

Looking for a Virginia Bankruptcy Lawyer? Finding the right lawyer is important. The experienced legal team at Ashley F. Morgan Law, PC helps hundred of people every year with their debt related issues. Offering free consultations, our attorneys can help determine what options are available to you. Your options often depend on numerous factors, including debt amount, income, type of debt, assets, family size, and much more. We offer free consultations to review your situation.

As a leading bankruptcy law firm in Northern Virginia, we are frequently asked how to get out from under the burden of debt. We regularly help individuals in FairfaxLoudoun, Prince William, and Arlington Counties file bankruptcy.

Living with overwhelming debt is stressful, it can cause you to feel overwhelmed and hopeless. Prior to filing bankruptcy, many of our clients were receiving past-due notices in the mail, being harassed by creditors, having their wages garnished, and were at risk of losing everything. Debt weighs you down and prevents you from getting ahead in life.

Talk to an Experienced Lawyer about your Options

Ashley F. Morgan Law, PC is an experienced bankruptcy law firm in northern Virginia that is dedicated to helping you find a debt relief solution that works for you. We can eliminate your debt, get you back on track, and help you enjoy a fresh start on your financial well-being. For some people bankruptcy can help bring a fresh start and provide a way that can help manage their finances. One of our experienced bankruptcy attorneys will be able to review your situation and determine if bankruptcy is a viable option for you.

Bankruptcy is a legal and financial decision, not a moral or ethical one. You are the only person who can decide whether it is right to avail yourself of the protections of the bankruptcy code.

Some people may view bankruptcy as an admission of failure or as a punishment for being unable to pay bills. People that believe this do not understand what bankruptcy is about. Bankruptcy is a tool that helps consumers deal with overwhelming debt. It was written into federal law because the government understands that some people get into financial difficulty and need a way out. Our bankruptcy attorneys want to make sure you understand your rights.

Bankruptcy May Give You Options

Although bankruptcy is not the best option for everyone, it provides many people with the fresh start.

Consumers have choices concerning the type of bankruptcy assistance that may help their situation. Consumers typically file either under Chapter 7 or Chapter 13. Both options usually stop any collection activity against you, stay pending lawsuits, and give you some time to regroup.

Chapter 13

When you file for Chapter 13 bankruptcy, you do not typically lose your assets because you fund your repayment plan through your income. When you file for Chapter 7 bankruptcy, you can usually protect certain property that maybe be exempt by state or federal law. For example, you can usually protect your retirement savings, most household goods, clothing, and even your personal motor vehicle (up to certain limit).

What chapter you can file will depend on various factors, including income, debts and assets.

Chapter 7

When filing a Chapter 7, most people are most concerned about what assets you can keep. There are certain bankruptcy exemptions (or protections) that apply to anyone filing for bankruptcy. Your exemptions vary under state and federal laws. The exemptions you can use depend on state law and where you have resided for the past two years. 
 
In Virginia, there are various exemptions that apply for residents. Many situations are fact specific. As a result, it is very important to have a lawyer who is detail oriented and can review your situation very carefully.

Assets in Bankruptcy

When filing a Chapter 7, most people are most concerned about what assets you can keep. There are certain bankruptcy exemptions (or protections) that apply to anyone filing for bankruptcy. Your exemptions vary under state and federal laws. The exemptions you can use depend on state law and where you have resided for the past two years. When filing in Virginia, it is important to have a lawyer that is experienced in bankruptcy law in Virginia.
 
Since exemptions can vary so much from state to state, keeping up with the changing laws can make a difference in your case. Exemptions in Virginia are generous with keeping many assets, except equity in a home. Virginia has one of the lowest Homestead Exemptions it the country; this exemption allows you to protect equity in your home or the home of your dependents.

Bankruptcy is a Tool to Manage Debt

Overall, bankruptcy is a legal tool to wipe out and eliminate the burden of debt, allowing you to begin to rebuild your credit. Our experienced bankruptcy attorneys can review your situation and explain the benefits and drawbacks to filing bankruptcy related to your particular situation. Our offices in Herndon, Va  are conveniently located close to Route 28, Fairfax County Parkway and Route 7. We help individuals living in Herndon, Reston, Burke, Fairfax, Annandale, Sterling, Woodbridge, Stafford, Chantilly, CentrevilleManassas, Springfield, Ashburn, Dulles, Leesburg, and other northern Virginia cities.

Our firm helps hundreds of people every year with their debt issues. We understand that having an experienced bankruptcy attorney can help ensure your case goes smoothly and can help protect as many assets as possible. The goal of our law firm is to make sure her clients are as comfortable as possible. Ashley F. Morgan Law, PC offers free consultations for bankruptcy issues and can recommend other local attorneys when necessary. Schedule a consultation today by calling 703-880-4881 or contacting us through our website.

We are a Debt Relief Law Firm. We help people file bankruptcy.

 

 

REACH OUT TODAY FOR A FREE CONSULTATION WITH A BANKRUPTCY AND DEBT ATTORNEY

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