Norfolk Bankruptcy Attorney

Dedicated, Professional & Experienced

Filing for bankruptcy can be a stressful time. Many people do not understand the benefits to bankruptcy and how filing for bankruptcy can help them. With our help, you will be able to protect what is rightfully yours and become free of debt.

Bankruptcy can be a new start, but when you look to file, you may find that the law pertaining to each area of bankruptcy can be confusing, which is why it is recommended that you work with the team at Curcione Law, PLC.

Chapter 7 and Chapter 13

When it comes time to file for bankruptcy, there are two chapters that you can file under. Chapter 7 bankruptcy is known as liquidation bankruptcy. Under Chapter 7, all non-exempt assets will be sold to help pay off debts. This form of bankruptcy can only be filed if you are deemed eligible under the means tests.

Liquidation bankruptcy may only be right for you if you cannot afford to make minimum payments toward paying back your debts. If you can afford to make even small amounts of payments on your debts, you may be eligible to file for a Chapter 13 bankruptcy. Chapter 13 bankruptcy allows people to make small payments toward paying off their debts over a period of a few years.

Benefits of Filing for Bankruptcy

When you file for bankruptcy, you can take advantage of a number of different benefits. Immediately upon filing, harassing creditor calls and letters will stop. A hold will be placed on your accounts and no collection attempts can be made. If you are facing foreclosure, all of the foreclosure processes will stop.

When you file, you will be able to start over again, with most of your non-secured loans being wiped clean, allowing you a fresh start for your financial future. If you have questions or concerns about your situation, call us right away. Curcione Law stands ready to provide you with outstanding representation for your case.