At Bruce W. White, P.C., we can address your specific needs in order to help you on your way back to financial independence. With more than 30 years of experience, our Richmond bankruptcy attorney has a thorough understanding of state and federal bankruptcy laws to help you navigate through the complexities of the legal system.
Chapter 7 is considered a liquidation bankruptcy, which is meant to eliminate your general unsecured debts, including medical bills and credit cards. In order to qualify for Chapter 7, you must have a small amount or no disposable income whatsoever. This type of bankruptcy is often meant for low-income debtors with little or no assets.
When you file for Chapter 7 bankruptcy, a trustee will be appointed to administer your case. The trustee’s job is to review your bankruptcy documents and sell your nonexempt property in order to pay back your creditors.
On the other hand, Chapter 13 is meant to reorganize your debts. Typically, it is for debtors with a regular income who are capable of making monthly payments to pay back a small portion of their debts through a repayment plan.
Our Richmond bankruptcy attorney can review your case and determine the best course of legal action to get your life back on track. We are dedicated to protecting the rights of our clients and will work tirelessly to ensure their legal and financial goals are accomplished.
Contact us and request a free consultation.