Many people worry about losing all of their belongings, especially their car, when they file for Chapter 7 bankruptcy. Fortunately, there is a way to keep it. When you file for bankruptcy, you can protect property that you’ll need to work and live by “exempting” it from your bankruptcy case. So if you own your vehicle outright or you’re currently on your vehicle payments, exempting your vehicle ...
When it comes to bankruptcy , one of the most common questions our firm receives is “can bankruptcy eliminate mortgages from my home?” The answer is yes, but under specific circumstances. If your house has decreased in value since you purchased it, a Chapter 13 bankruptcy may help you get rid of their junior liens, such as a second or third mortgage. This is done through a process known as “lien ...
In order to determine if you are eligible for a Chapter 7 bankruptcy , you must first take the means test to evaluate your income and debts. Most people facing bankruptcy would rather file a Chapter 7 since it completely removes most debts and you are not required to make monthly payments. However, if you fail to pass the means test, then you must file Chapter 13 . This means that you will be ...
In order to determine if you are eligible for a Chapter 7 bankruptcy , you must first take the means test to evaluate your income and debts. Most people facing bankruptcy would rather file a Chapter 7 since it completely removes most debts and you are not required to make monthly payments. However, if you fail to pass the means test, then you must file Chapter 13 . This means that you will be ...
Since bankruptcy law is complex, navigating the process on your own can result in making costly mistakes. Fortunately, having a knowledgeable bankruptcy attorney is a great way to avoid committing errors that result in losing valuable property. But if you’ve never filed for bankruptcy before, you probably don’t have a lawyer at your disposal. Even finding the right one for your situation can be an ...
Life has a way of throwing curve balls and when it does, it can seriously affect your finances. While most people have the best intentions of paying their bills and taking care of their responsibilities, certain circumstances may arise where filing bankruptcy is the best route to take. If you are considering this option, Bankruptcy Law requires counseling prior to and after filing to help you make ...
Lenders may choose to start the foreclosure process if you’ve fallen too far behind on your payments and go into default on your loan. Foreclosure can be intimidating for some people, and you may be wondering if you should secure counsel from a Richmond bankruptcy attorney to help you through the process. While there are some instances where you may not need a lawyer’s help (like if you simply ...
Three Best Rated® has recognized Bruce W. White, P.C. as one of the best bankruptcy law firms in Richmond, Virginia Bruce W. White, P.C. was recently named one of Richmond, Virginia’s best bankruptcy law firms by Three Best Rated®, a platform dedicated to evaluating and championing local businesses. The firm underwent Three Best Rated’s® rigorous 50-point business inspection to arrive at the new ...
Our office is open on a limited basis as we navigate COVID-19 together. What matters most is that our clients are safe and stay healthy. We are maintaining a safe margin of time between each appointment to ensure you do not have contact with anyone in the waiting area and we are sanitizing the area after each appointment. We realize that many of you will be facing an unexpected and unprecedented ...
What You Need to Know Before Co-Signing a Loan In this economic climate qualifying for a car loan, mortgage or credit card can be difficult. Parents, friends and family may think they are just helping out by co-signing on a loan but the legal and financial risks involved are much higher than many initially understand. Our Richmond bankruptcy lawyer discusses key information you need to know before ...
