Avoid Mistakes When Planning and Filing Virginia Bankruptcy Cases

The best-planned bankruptcy cases go unnoticed. A few debtors glide through the system without attracting attention and receive full discharges in record time. Luck is not involved, but rather each successful debtor begins planning strategically a few weeks or months in advance. These debtors know something that you don’t.

Free - 2010 Bankruptcy Strategies Explained

Ask a Bankruptcy Lawyer for Help – Expand Your Options Quickly

If you are thinking about filing Chapter 7 or Chapter 13 bankruptcy, you are not alone. Complete the form below to contact a sponsoring bankruptcy lawyer. Ask all questions you deem important without cost or obligation of any kind. Free help is only a few minutes away.

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New York Bankruptcy Lawyers FAQ "How many times can I file bankruptcy?"

Debtors may file Chapter 7 only one time during any 6 year time frame. If a Chapter 7 discharge was previously granted within the 6 years preceding the initial petition filing date, the case must be dismissed. Notice carefully the period of calculation: the end of the last case, to the beginning of the new case. Bankruptcy lawyers notoriously dispute the proper calculation of this time period.

New York Bankruptcy Lawyer - In Practice

If a previous case was pursued successfully under chapter 11 or Chapter 13 during the preceding 6 years, the debtor will not be allowed to receive a discharge of debts in the subsequent case unless: 1) all the "allowed unsecured" claims in the earlier case were paid in full; or 2) payments under the plan in the earlier case totaled at least 70 percent of the allowed unsecured claims and the debtor's plan was proposed in good faith and the payments represented the debtor's best effort. In practice, few debtors retain bankruptcy lawyers to file multiple cases. The experience of filing bankruptcy is usually a once in a lifetime event. Most debtors benefit and learn a positive lesson from the experience, then take decisive steps to insure against future filings.

The majority of personal bankruptcy lawyers certified in consumer Chapter 7 and Chapter 13 cases offer free initial consultations. Potential clients may review all options available and ask any question deemed important. All attorneys are bound by the attorney client privilege and must zealously guard confidentiality. Because of recent amendments to new bankruptcy laws, by passage of the latest reform bill known as the Abuse Prevention Act of 2005, debtors will find qualification for debt relief somewhat more difficult. Yet these laws also present new options, alternatives, and means of discharging debt that were previously unavailable. Now, more than ever, the assistance of qualified representation before federal courts is essential to gain maximum benefits provided by law.

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