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Understanding the Role of a Bankruptcy Attorney in Virginia Beach
What Does a Bankruptcy Attorney Do?
A bankruptcy attorney specializes in helping individuals and businesses navigate the complex process of filing for bankruptcy. They provide legal advice, prepare necessary documentation, and represent clients in court proceedings. Expert guidance is crucial to ensuring a favorable outcome.
Types of Bankruptcy: Chapter 7 and Chapter 13
Chapter 7 Bankruptcy
Often referred to as 'liquidation bankruptcy,' Chapter 7 allows individuals to discharge most of their debts. A bankruptcy attorney can help determine if you qualify and guide you through the process.
Chapter 13 Bankruptcy
This type involves a repayment plan, allowing debtors to keep their property while paying off debts over time. Having a skilled attorney can make restructuring your finances more manageable.
Benefits of Hiring a Bankruptcy Attorney
- Expertise: Attorneys have a deep understanding of bankruptcy laws and procedures.
- Protection: They protect clients from aggressive creditors and potential legal pitfalls.
- Efficiency: Professionals streamline the process, saving time and stress.
For those looking for legal expertise beyond Virginia Beach, consider exploring options like a bankruptcy attorney ogden utah for broader insights.
Finding the Right Bankruptcy Attorney
- Research: Look for attorneys with positive reviews and a proven track record.
- Consultations: Many attorneys offer free initial consultations to discuss your case.
- Cost: Understand the fee structure before committing to ensure it fits your budget.
For additional perspectives, consider checking resources such as a bankruptcy attorney omaha ne for comparative information.
Frequently Asked Questions
What is the first step in filing for bankruptcy in Virginia Beach?
The first step is to consult with a qualified bankruptcy attorney to assess your financial situation and discuss your options.
How long does the bankruptcy process take?
The duration varies; Chapter 7 typically takes a few months, while Chapter 13 can last three to five years.
Can all debts be discharged through bankruptcy?
Not all debts can be discharged. Common exceptions include student loans, child support, and certain tax obligations.
For more than four decades, the Law Offices of Tom C. Smith has been recognized as one of the leading bankruptcy firms in Virginia.
Boleman Law bankruptcy attorney, Lorin D. Hay. Lorin has 37 years of experience as a bankruptcy lawyer. Lorin is located in the Virginia Beach office.
Find the best bankruptcy attorney serving Virginia Beach. Compare top Virginia lawyers' fees, client reviews, lawyer rating, case results, education, ...
