Is Bankruptcy Right for You?
Consult a Hampton Bankruptcy Attorney
Deciding to file for bankruptcy is a big choice, and many people do not know where to turn to ensure that they receive the right information regarding their options and the benefits of bankruptcy. Hampton, Virginia-area residents can turn to the Law Office of Philip R. Boardman, P.C. and retain trusted representation from our dedicated legal staff. At our firm, we are proud to provide our clients with high-quality representation in protecting their rights and financial futures and to have been serving the Hampton community for the past 14 years. When you work with our firm, we sit down directly with you and take a closer look at the options that you have and how filing for bankruptcy may be the best option for you and your family.
The moment that you retain our legal representation, we can look at your financial situation, working situation and the amount of debt that you have accrued. Our team also can determine if any major actions have been taken against you as a result of the debt, such as foreclosure or wage garnishments, and we will devise an effective plan for you and help you understand the bankruptcy process and which chapter of bankruptcy may be right for you. For example, if you are about to lose a house in a foreclosure, filing under a Chapter 13 bankruptcy may stop the foreclosure process and allow you time to catch up on back-owed mortgage payments over the next three to five years in a payment plan. Sometimes, in an effort to make ends meet, people will get trapped in a vicious payday loan cycle, and bankruptcy can also help put an end to that debt practice.
Protecting valuable assets is another large draw of filing for bankruptcy. When you are facing repossession or your car has already been repossessed, Chapter 13 bankruptcy will allow you to pay the principle of the car off over the next three to five years and in many cases will allow you to pay the value of the car off instead of what is actually owed. If your paychecks have been garnished or your bank account frozen because of a debt, both Chapter 13 and Chapter 7 bankruptcy will help put an end to the garnishments, and in some cases, you can regain the garnished money. Even if you are being sued or have been sued civilly in an attempt to collect unpaid debts, bankruptcy will discharge your liability on that judgment.
Are you ready to move forward with your case?
There are many reasons why people find themselves strapped for money. In today's society, many people have felt the crash of the economy and are just beginning to be able to recover from the hardships that they were facing. In some situations, a loss of a job will create financial pressure that results in many different problems and life events can create unforeseen financial stress. Divorce, separation, medical complications, death of a loved one, and even the birth of a child can put people in a tight financial situation. Though filing for bankruptcy will not get your job back, it will help relieve the financial stress so you can begin concentrating on reestablishing your life and not worry about lawsuits or garnishments.
While bankruptcy is not always the right option for everyone, there are many benefits to filing, and you may be able to obtain a favorable outcome by working with the Law Office of Philip R. Boardman, P.C. Regardless of the source of the financial difficulty, you need to contact our Hampton and Newport News bankruptcy attorneys today and speak with us regarding your situation. We may be able to help you achieve the financial goals you are seeking. Contact our firm today to schedule a free case evaluation and to learn if bankruptcy is the right choice for you!