HomeCategory Bankruptcy

It seems as if all is lost. The collection calls and notices keep coming, and it may seem impossible to keep up financially. To make matters worse, the mortgage lender has gotten involved and is threatening foreclosure. Rather than struggling and sinking even deeper into despair, a Virginia resident may want to look at Chapter 7...

There are times when cash flow becomes a problem for almost every Virginia business. Paying overhead expenses, meeting payroll, managing debt and maintaining appropriate inventory can be a challenge. While these may present challenges, they are necessary if the business is going to remain open. In some cases, managing the company’s debt becomes too much...

For many Virginia families, debt is a fact of life. Individuals use loans to purchase homes, buy cars, purchase a new school wardrobe and obtain needed medical treatment. When everything is going well, some debt can be a good thing, but when something happens and the income used to pay outstanding debt is no longer...

If your phone rings one more time today, you may have to shut it off completely. Every time you watch a TV show, place your own call or try to listen to music, another call rings through. You know you’re behind on a few bills, but there’s nothing you can do about it. Unfortunately, the...

Many people who could benefit from a bankruptcy filing shy away because of concerns about the impact on their credit report and credit score. While it’s true that bankruptcy will ding your score and remain on your credit report for a minimum of seven years, you have to take the good with the bad. There...

Credit card debt is very common in the United States and has even really become something that people just expect to have. They don’t think twice about paying for everything on credit and then getting the statement at the end of the month. Done correctly, this can work. As long as you still only charge...

A person who is facing financial difficulties because of the downturn of the economy might realize that they just can’t get ahead on their bills. Struggling to pay every bill can make life miserable. Fortunately, the laws of this country do provide an outlet for people who need to find financial freedom from the crushing...

You want to get married to your long-term girlfriend, but you have a problem. You’re swamped with debt, and you don’t want your life together to start out with thousands of dollars you can’t afford to pay back. One option you may want to look into is Chapter 7 bankruptcy. While bankruptcy can have a...

On the advice of your parents, you went to a university that was out of state. You took on as many credit hours as you could to get out of school early, but that meant you couldn’t work. Over the course of the three years it took you to get your degree, you didn’t work...

Divorce isn’t easy on your finances. If you were already barely making ends meet as a couple, it’s hard to see how you can manage to support yourself on only one income. It could be even worse if you’re likely to have to pay child support once your divorce is over. Is bankruptcy the answer?...