We Can Discuss Your Debt Relief Options

The choice to file for bankruptcy is a difficult one. Because your financial state is so crucial, you should talk to an attorney about your debt relief options and whether bankruptcy is right for you. Bankruptcy

Our law firm, Williams, Morrison, Light and Moreau, has experience guiding Virginia families and individuals through the bankruptcy process. Bankruptcy involves paperwork and careful planning so we will help you complete everything correctly. Once we discuss your situation, we can help you begin the process and get your finances back on track.

What Are The Benefits Of Bankruptcy?

Bankruptcy once carried a negative stigma but you should not feel ashamed of filing. You are taking initiative to rebuild your financial state, which is wise and admirable. Bankruptcy can also greatly benefit your situation.

There are two types of bankruptcy: Chapter 7 bankruptcy and Chapter 13 bankruptcy. Both types halt and prevent wage garnishments and creditor harassment. Chapter 13 also stops foreclosures.

Chapter 13 bankruptcy creates a payment plan to begin paying back your debts over the course of three to five years. In addition to creating more manageable payments, it may decrease the total amount you owe.

Chapter 7 bankruptcy may involve selling your assets to repay a percentage of your debt but it is a fast process, usually lasting three to six months. After the process is complete, any remaining debt is completely discharged.

Which Option Is Right For You?

If you are struggling with debt, our experienced lawyers are here for you. In the end, your financial decision is yours to make but we can provide counsel on your options and protect your rights if you decide to file bankruptcy.

Contact us online or call 434-483-5195 to set up a consultation. We are located in Danville and serve clients in Southside, Virginia.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.