CONSUMER BANKRUPTCY

Consumer Bankruptcy Attorney in Richmond, VA

Get the financial relief you need with professional representation from the bankruptcy attorneys at the Massie Law Firm in Richmond, Virginia.
Putting Your Money to Good Use
You might be thinking, "How can I afford to hire a lawyer when I can't afford to pay my next electric bill?" The Massie Law Firm justifies its cost by helping you get the greatest possible benefit from filing for bankruptcy, beginning day one.

The Massie Law Firm can help you understand your legal options while completing the filing as quickly and accurately as possible based on the financial records you provide. An attorney can also help you avoid costly mistakes.

You should also know that once you file for bankruptcy, you cannot refile for anywhere between two and eight years thereafter. Any errors in the initial filing are virtually irreversible until after the required filing period has passed.
Legal Options — Law Firm in Richmond, VA
Over 3,000 Households Helped!
The Massie Law Firm has helped more than 3,000 households file for bankruptcy. We have helped people reduce their debt, save their homes and keep their property. Bankruptcy offers you a clean slate from which to rebuild your credit. Other benefits of bankruptcy include:
  • Stopping Creditor Harassment — Once your bankruptcy petition is filed with the U.S. Bankruptcy Court, it is illegal for creditors to make collections calls. They must each file a petition with the Bankruptcy Court to recover their losses. In many cases, the U.S. Bankruptcy Court can get the debt discharged for pennies on the dollar.
  • Avoiding Eviction — An automatic stay takes effect the moment you file your bankruptcy petition. As long as the bankruptcy filing precedes the date of the eviction notice or foreclosure filing, your bank or landlord cannot oust you from your home until after the hearing. While you may eventually have to move, this short-term reprieve will give you time to gather your belongings and find more affordable housing.
Protecting Your Property

If you qualify for Chapter 13 bankruptcy, you may be able to keep your home and your car in exchange for a promise to repay your debt over a three- to five-year period. Be aware however, if you default on any monthly payment, you stand to lose everything you own.

Wiping Out Some of Your Debt

Depending on whether your debt is classified as secured or unsecured and classified as exempt or nonexempt, each creditor's rights differ. Under Chapter 7, your assets get liquidated and each creditor gets a percentage of the proceeds. Under Chapter 13, you agree to a monthly repayment plan and you get to keep most of your personal property. In either scenario, your debts will be reduced based on whether the loan was secured or unsecured. Most people end up owing creditors much less than they owed before filing for bankruptcy.

While there are a few types of debt that won't get discharged, most of your unsecured debts can get discharged for pennies on the dollar, and you are allowed to keep some of your personal property.
Contact us to learn more about how we can help with your financial situation.
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