Virginia Bankruptcy Lawyer The Alliance Legal Group, PLLC
www.Call54Legal.com
(757) 482-5705
Bankruptcy is a legal debt relief process that gives people who are struggling financially a way to hit the reset button. The U.S. Bankruptcy Code created three different ways for people to get a fresh start. These three types of bankruptcy are commonly called Chapter 7 bankruptcy, Chapter 11 bankruptcy, and Chapter 13 bankruptcy based on sections of the bankruptcy law that describe how they work.
The most popular type of personal bankruptcy, Chapter 7, can wipe out many unsecured debts completely. Chapter 13 stops all collection actions, including a pending foreclosure, while the bankruptcy filer catches up past-due balances by making monthly payments over time. Chapter 11 bankruptcy is a reorganization bankruptcy similar to Chapter 13, but it is typically used only by businesses and individuals with a lot of business debt, and ongoing business, or a lot of expensive property, including real estate. It's much more expensive than the typical consumer bankruptcy case, so Chapter 7 or Chapter 13 are much more common types of bankruptcy.
A FREE Strategy Session with an Alliance Legal Group attorney will provide you with -
1. A personalized bankruptcy plan
2. Bankruptcy outcome projections
3. A credit rehabilitation plan
Call today at (757) 482-5705
Virginia Bankruptcy Lawyer
The Alliance Legal Group, PLLC
www.Call54Legal.com
(757) 482-5705
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