There are many common misunderstandings about the process and inner workings of bankruptcy law. At Cravens & Noll we use our considerable experience to clear up any misconceptions.
At our initial consultation you will meet with a qualified bankruptcy lawyer who will explain the process and price for bankruptcy in the state of Virginia. Our bankruptcy lawyers will provide a comparison of Chapter 7 and Chapter 13 bankruptcies and advise you as to which is the most appropriate for your situation.
Let us take the weight of your debt off your shoulders. You have most likely been dealing with the stress of debt for some time now, so let us help you get out from under all of that debt.
If you don’t know how you’re going to pay the bills next month and are already behind on your mortgage, bankruptcy may be the best option available to you.
Bankruptcy is an alternative for those who have found themselves in very serious debt. Essentially, bankruptcy can give debtors a fresh start by restructuring, discharging or using a repayment plan to clear any outstanding debts owed to lenders.
Why You Should Choose our Bankruptcy Attorneys
Using a debt consolidation service is almost always more expensive and is not governed by the kinds of protections afforded by Virginia bankruptcy law. Additionally, debt consolidation companies do not have the authority to negotiate with your creditors. As a result, they cannot guarantee you the same level of savings or protections available through a bankruptcy case.
Experienced bankruptcy lawyers at Cravens & Noll, P.C. work to provide the best service to debtors seeking debt forgiveness.
If you or someone you know is suffering from the revolving door of seemingly endless debt, let our experienced bankruptcy lawyers help you find the financial freedom you need.
Our bankruptcy lawyers are widely knowledgeable in all bankruptcy areas including:
- Bankruptcy foreclosure
- Wage garnishment
- Automatic stay
- Creditor Harassment
- Rebuilding your credit
- Chapter 7 bankruptcy
- Chapter 13 bankruptcy
Help With Managing Or Clearing Your Debt
The lawyers at Cravens & Noll have extensive experience in cases dealing with varying types of bankruptcy situations in Richmond and surrounding areas. We understand the pains and frustrations circling bankruptcy and financial debt. This is why we offer a range of affordable representation. We are committed to helping you with:
- Medical debt
- Oftentimes, this can be the number one catalyst for why debtors file for bankruptcy. This occurs when you owe heavily on medical expenses following treatment and other related costs.
- Car repossessions
- When auto lenders and other collection agencies may reclaim, repossess and resell your vehicle to pay off outstanding debts.
- Credit card debt
- When debtors experience substantial consumer debt as a result of excessive credit spending
- Mortgage debt
- The late payments from debtors who are falling behind on mortgage and other home payments
- This occurs when a collections company and other lenders forcibly collect money and or property from a debtor. This can happen to your wages or bank accounts
- Tax debt
- When you are unable to pay taxes to either the state of Virginia government or the federal government
- When a debtor’s property is taken as collateral from lending agencies as a result of ceased loan payments
- Loan modifications
- Modifications and reconfiguration can be done to your loans to cater to your financial situation.
- Student loan management
- We can help manage the payments for your student loans.
Our bankruptcy law firm is dedicated to helping relieve you of your financial stresses.
We’ll help reconfigure your payment plans to ease the overall process of loan repayments.
Chapter 7 and Chapter 13 Cases:
If an imminent mortgage foreclosure or debt collection efforts have you backed up against a wall, talk with our bankruptcy law firm in Virginia about personal bankruptcy.
Filing for bankruptcy puts an automatic stay on all current debt collection efforts, including debt enforcement litigation in the courts, wage garnishment & repossession, and mortgage foreclosure proceedings. This means that all collection attempts from collections companies, banks and other lenders are immediately stopped.
Our bankruptcy lawyers in Richmond can show you how you can qualify for a complete discharge of most unsecured debts in a Chapter 7 bankruptcy.
As another option, under a Chapter 13 bankruptcy repayment plan, also known as a wage earner’s plan, you can achieve substantially the same objectives over a period of three to five years. Many Chapter 13 bankruptcy debtors may only pay 10 to 15 cents on the dollar for unsecured claims while relieving debt collection pressure and protecting the assets they care about most.
While your Chapter 13 or Chapter 7 bankruptcy case is pending, we can work out arrangements to protect your interests concerning your house, your vehicle, and other assets that serve as collateral on your biggest debts.
Our Virginia bankruptcy attorneys can often negotiate reductions or extensions of tax liabilities and other debts that cannot be discharged.
Why You Should Avoid Debt Consolidation Services
Debt consolidation services claim they can negotiate lower interest rates and lower monthly minimum payments to help you get out of debt.
Unlike in Chapter 7 or Chapter 13 bankruptcy, creditors are under no legal obligation to reduce your interest rate, monthly minimum payment, or discharge any of your debt. In fact, some debt consolidation services buy information from credit card companies which allows them to know how much money a credit card company is willing to settle for before they even begin “negotiations”.
In the end, consumers may pay expensive upfront fees that are paid over the first 6 months before any principle is actually paid on what is owed. Additionally, a bank may call in any outstanding balance once a debt consolidation company gets involved, afraid a consumer will declare bankruptcy and a stay of relief will go into effect. Oftentimes, the best option to handle your overwhelming debt is to contact one of our Richmond bankruptcy attorneys.
Filing for Bankruptcy – Making it Easier for Our Clients
Our office is equipped with the latest high-tech data management and communications systems that can streamline our access to credit reports and tax returns for fast service when you really need it.
When absolutely necessary, we can even file your bankruptcy case the same day you come in to meet us for the first time.
No matter what the source of your financial pressure might be– secured or unsecured debt, revolving debt, medical expenses, consumer debt, credit card bills, or the loss of a job – the bankruptcy lawyers at Cravens & Noll can help you find the solution you need.
We serve the greater central Virginia area including Midlothian, Glen Allen, Richmond, King George, Henrico, Bon Air, Colonial Heights, Mechanicsville and Chesterfield.
Get in touch with us today to start your journey towards a debt-free life.