AREAS WE SERVE
BANKRUPTCY LAWYER SERVING CHESAPEAKE, HAMPTON, PORTSMOUTH AND SUFFOLK
The economy has been slow to recover, and since 2008, there have been an unprecedented number of bankruptcy filings throughout the country. Individuals and families have struggled to stay current with bills, and many have not been able to recover. Pressing financial obligations that cannot be met lead to high levels of stress and anxiety. It can be difficult to know what to do – is filing for bankruptcy the right solution for you?
At the David McCormick Law Group, our legal team has made it a priority to assist people in our community to get a fresh financial start through bankruptcy, either Chapter 7 or Chapter 13. Do you qualify for Chapter 7? If you are truly unable to stay current with your debts, you probably qualify. At one time people may have been embarrassed about filing for bankruptcy. This is no longer the case – it is very likely that many people you know, friends, family, neighbors and associates have already taken the step to get debt relief through bankruptcy. The federal government allows for those who truly cannot get their financial situations under control to get a fresh start.
We take a personal approach in our office. Each person we serve is an individual we care about, and we are here to assist them to get back on the road to financial freedom. Are you facing frightening financial issues such as threats of foreclosure, repossession, wage garnishment, judgments or lawsuits? Are you spending your time talking with creditors or avoiding their calls? Call upon our professional and compassionate legal team for help. We can act quickly to help you if necessary. When a financial scene has deteriorated so far that you could lose your home, your car or a large portion of your wages, it is extremely important that something effective is done for you so you can move forward with your life, free from stress. Our firm serves those throughout the communities of Chesapeake, Hampton, Portsmouth, and Suffolk, as well as Virginia Beach, Norfolk and Newport News.
BANKRUPTCY ATTORNEY FOR CHAPTER 7 AND CHAPTER 13
There are two forms of bankruptcy that are the most commonly filed. Chapter 7, or personal bankruptcy, gives the individual or couple the highest level of debt relief, as this form of bankruptcy allows for a discharge of unsecured consumer debt. The debts that can be discharged include credit cards, payday loans, overdue utilities, personal loans and other similar overdue bills. There are certain restrictions related to when the debt was incurred. Most people seeking help are eligible for filing Chapter 7. Some don't wish to file this form of bankruptcy, and choose to file Chapter 13, a form of bankruptcy in which overdue bills are paid off over a 3 – 5 year period in one payment. The amount paid is far less than the original amount in most cases, and at the end of the term, any remaining debt is discharged. This form of bankruptcy could be a workable solution for you if you are above the state median for eligibility for filing Chapter 7, or if you have a co-signer on a mortgage or other individual situations.
We can review your individual financial scene and advise you about what can be done to assist you. We know how important it is that you and your family get to move on after suffering extreme financial stress, whether from loss of a job, exploding mortgage payments, unexpected medical bills, a divorce or other situation. We have helped over 17,000 people over our 17 years in serve, and it would be our privilege to serve you.
Contact us at the David McCormick Law Group and get the help you need from our bankruptcy lawyer. We offer a free initial consultation to assist you, or can be reached by phone or email, and we provide services in both English and Spanish.