WILL BANKRUPTCY PUT AN END TO ALL OF MY FINANCIAL PROBLEMS?
Despite its negative connotation, bankruptcy can be a clear path to a fresh financial start. Many individuals believe filing for bankruptcy means they have failed financially. This is far from the truth. Rather, changes in life circumstances, including the loss of a job, huge medical expenses, and divorce, are the most common reasons individuals file. The idea that life after bankruptcy is void of any financial possibilities is also a myth. By keeping credit card balances low and making regular payments, it is absolutely possible to rebuild your credit and enjoy financial freedom after bankruptcy.
If you are interested in a clean slate, with most, if not all, of your debts cancelled, Chapter 7 bankruptcy can be a great option. For individuals interested in retaining property they may own, filing Chapter 13 bankruptcy allows them to hold on to these assets while creating a repayment plan that typically lasts three to five years. While not all forms of debt can be dismissed through bankruptcy, it provides most individuals with a new beginning, removing the burden and stress of owing funds to creditors and other institutions.
Our skilled Virginia Beach bankruptcy attorneys can help you decide which form of bankruptcy is right for you. We have helped more than 10,000 individuals find debt relief. We offer affordable legal services with compassionate support each step of the way. When you reach out to our firm, you'll receive a detailed case evaluation in which we review your situation and provide a written bankruptcy evaluation and written fee quote—all free of charge. We are dedicated to helping our clients get back on their feet and take steps toward a more financially stable future. Contact the David McCormick Law Group today to get the help you need.