One of the biggest reasons why people end up filing for bankruptcy in Virginia is because their debts have become so complex that they are being constantly hounded by debt collectors. Once you file your petition, debt collectors must stop contacting you. However, did you know that you have rights when it comes to debt collection even if you have not filed bankruptcy?
If you count yourself among the many people across Virginia who are dealing with overwhelming debt and considering filing for bankruptcy, you may have heard the terms “Chapter 7” and “Chapter 13” thrown around. You may not know exactly how they differ, though, or whether you are eligible to file for bankruptcy through either method. At Ferriswinder, PLLC, we understand how the bankruptcy means test determines Chapter 7 eligibility, and we have helped many clients find bankruptcy solutions that meet their specific needs.
People in Virginia who are drowning in debt may have a number of options, depending on their situation. However, if every bill comes with stress over how it can be paid, if collection agencies are calling daily requesting payment or if wages are being garnished, the fastest and most effective route to relief may be Chapter 7 bankruptcy.