What Should I Know About Personal Bankruptcy?
When a consumer files for a Chapter 7 bankruptcy, a trustee is appointed by a Virginia bankruptcy court to review the case and determine if there is any property that can be sold and distributed among the creditors. In most Chapter 7 bankruptcy cases, if the trustee determines that there is no property, a trustee’s report of no distribution is issued in the case.
How Long Will It Take?
Most chapter 7 bankruptcy cases take approximately 90 days. During those 90 days, your creditors must cease all actions to collect on your debt. This means your creditors must stop any foreclosure sale, garnishing wages or bank accounts, withdraw any lawsuits filed against you, and they must even stop contacting you, whether by phone or mail. If you are overwhelmed by debt and can’t find your way out, you don’t have to fight the battle alone. You only need to speak to one of our experienced bankruptcy lawyers, and they will tell you what your next move should be. Your path to financial freedom begins with us.
Get Help Filing Bankruptcy Today
Debt does not have to overwhelm you anymore. Our team of lawyers is ready to help you. Call us today or fill out our online contact form to schedule a free consultation with an experienced Chapter 7 bankruptcy attorney.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.