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Chapter 7 Bankruptcy

In such uncertain economic times, many people are experiencing financial difficulties. While no one wants to file for bankruptcy, Chapter 7 may offer relief and a fresh start. In most cases, you will still be able to keep your home, your vehicles, your household goods and your retirement plans. It will also stop creditor harassment as soon as you file. It’s important that you speak with an experienced attorney to determine the best course of action.

Virginia Beach Consumer Debt Attorney

At Lorin D. Hay, P.C. we assist individuals and families in Chesapeake, Virginia Beach, Norfolk, Newport News, Portsmouth, Suffolk, Hampton and the Eastern Shore of Virginia who have been affected by circumstances such as divorce, a job loss, an illness, medical bills and overwhelming credit card debt. During the free consultation, we will review your situation to determine if you qualify, address your questions and concerns, and discuss any alternative options so that you can make educated decisions about how to proceed. To arrange a free consultation contact the firm online or by calling our Virginia Beach office at 757-490-8080.

Filing for Chapter 7 provides the following benefits:

Protection from creditors — You must continue to pay creditors who have a security interest in property that you want to keep but exemptions usually protect other property that you own outright. You are protected from your creditors from the moment the bankruptcy is filed (the “automatic stay”).
Harassment — In general, creditors do not have the right to continue to harass you. They cannot contact your employer and they are prohibited from suing you, garnishing your wages and from taking any other prohibited action against you once you file for Chapter 7 protection.
Discharge of debt — The discharge of debt that you will receive extinguishes most debt (except for spousal and child support, recent taxes and student loans, and a limited number of other obligations). For example, credit card debt, medical debt and other honest obligations are usually discharged by a Chapter 7 bankruptcy filing.

Call to Speak With a Debt Relief Lawyer Today

We offer payment plans for those who file for Chapter 7 bankruptcy and will help you negotiate with the mortgage company and other creditors. We invite you to contact us online or by calling our Virginia Beach office at 757-490-8080 to discuss possible representation or learn more about the services that we offer.