CHESAPEAKE BANKRUPTCY ATTORNEY

CHAPTER 7 AND CHAPTER 13 IN CHESAPEAKE: THE DAVID MCCORMICK LAW GROUP

Are you struggling with debts you cannot hope to pay? Many people in the Chesapeake area are facing the consequences of loss of employment, a divorce that heavily impacted finances, or have had a medical emergency that resulted in expensive doctor and hospital bills. These highly stressful situations become even more difficult as the bills pile up, and creditors begin calling. At our firm, the David McCormick Law Group, we are committed to providing our clients with the legal support they need to get a fresh start, free from crushing debt. Filing for bankruptcy can allow you to be released from owing certain unsecured debts such as medical bills, credit card bills, overdue utility bills, personal loans and other types of debt that you have been unable to pay off. When you file bankruptcy, the first change is that your creditors are prohibited from contacting you by mail, phone or other means. This is called an "automatic stay." This is the beginning the incredible relief that is possible to those who file Chapter 13 or Chapter 7

CHESAPEAKE BANKRUPTCY ATTORNEY FOR CHAPTER 7 AND CHAPTER 13

Some people we assist do not want to file personal bankruptcy, or chapter 7, or may not qualify. Those who are working and earning a paycheck, whether self-employed or working for another company, could get the debt relief needed through Chapter 13. Whereas in Chapter 7, certain debts are completely discharged, in Chapter 13, the outstanding debts will be paid off over a 3 – 5 year period. This form of bankruptcy has some very significant advantages. Issues such as overdue mortgage payments can often be resolved through filing Chapter 13.

Those who are facing the terrible threat of foreclosure on a home, and hope to keep the property should discuss this situation with our Chesapeake bankruptcy lawyer on an immediate basis. It is possible that there are viable alternatives to bankruptcy and our attorney can review your financial situation and advise you of your various options – and there are generally several. We know how important debt-related problems are to our clients, and we do everything possible to get them back on the road to financial recovery, either through bankruptcy or another method to seek a full resolution. We are very familiar with working with creditors and we can help you on an immediate basis.

There are a great number of bankruptcy myths that can be found on the internet, or that are shared between associates, friends or family. It is of vital importance that you have accurate information, as certain types of activities, such as transferring assets to another family member, running up credit cards prior to filing, or certain other financial actions could lead to a denial of the right to file bankruptcy, or even the belief by the authorities that there was an effort to defraud. We will guide you through the process, measure the various options against your situation, and we are very familiar with the current bankruptcy laws and every detail of the bankruptcy process. These are important legal issues, and we are here to assist you in every way possible. We have helped over 17,000 individuals and couples get debt relief over our years in practice. Our goal is to help our clients get the most out of filing for bankruptcy – and it can vary, based upon the skills and knowledge of the lawyer that represents you.

The first step is to answer the question: do I qualify for bankruptcy?. Although it is true that eligibility to file Chapter 7 has more requirements than in the past, we find that a majority of our clients do qualify, and lose none of their personal possessions – only bills, most of which will completely disappear. You owe it to yourself to get a highly skilled law firm to manage your case. Your life after bankruptcy is the issue that should be carefully analyzed. What debts will be discharged? What can be done for you to get the most relief from debt in your case? We are not going to rush you into bankruptcy – unless you have a situation in which urgent action is necessary. In those cases, we act immediately. We want to take the time to fully review your financial situation so we can help you find the solution that works for you, as an individual. Call today and get the help you need. We are proud to serve the Chesapeake area and to help our friends and neighbors that deserve compassionate and professional help in debt relief.

Contact our Chesapeake bankruptcy lawyer for help getting relief from crushing debt.

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