Best Foreclosure Lawyers in Glen Allen, VA

You must attend a hearing with the bankruptcy Trustee who is appointed to review your case. This is a requirement! We will be there beside you and will have helped you answer the standard questionnaire used for the hearing. You will answer some simple questions and it takes only a few minutes. There are roughly a dozen cases scheduled each hour and you may be the first or the last case filed, so your total time is normally less than an hour.

Your responsibility may be discharged but your spouse is still responsible for the entire debt, not just half of it. This is the reason we typically encourage both of you to file bankruptcy in Chesterfield. This is especially true of joint tax debt.

NO! ABSOULTELY NOT! It takes a long time to accumulate retirement funds and bankruptcy protects them from your creditors. Nothing is sadder than learning that a client has exhausted a 401(k) paying credit cards that they can fully and easily discharge in bankruptcy. Keep your retirement money!

You likely put the property at risk more by doing that than if you discussed it with an experienced Chesterfield bankruptcy attorney before doing it. You may have done a fraudulent conversion. A bankruptcy trustee can undo this type of transfer for up to 5 years before the bankruptcy is filed. Please discuss any recent transfer of any property with us ASAP to see if the transaction can be safely undone.

In most cases, no! This is because you have limited equity in the house. Equity is the amount your house is worth after subtracting the amount owed on the mortgage and the homestead exemption that you are allowed under Virginia law. If you have significant equity in the property, you may need to file Chapter 13 to protect the house. This is something we spend a lot of time discussing with you. It is the reason we require a number of legal documents pertaining to each piece of real estate.