Legal Question in Bankruptcy in Virginia

Now or later

I am obviosly going to have to file for bankrupcy very soon. I'v lost my job and am living on credit cards and cash advances, I have a house with 40,000 equity in it and a car with zero equity. Right now my credit is fine but I can't keep up with this. I've had to make 10000 in repairs in the house and its all on credit. I'm basically using cards every day. my debt is around 50000. Please help me figure out how to keep a place to live and car to drive. Thanks


Asked on 10/24/02, 12:25 pm

2 Answers from Attorneys
John Sawyer Sawyer & Azarcon, P.C.

Re: Now or later

With the equity you have, you are not a candidate for a Chapter 7. You will need to see a bankruptcy attorney about filing a Chapter 13 bankruptcy for individual wage earners. Maximum of 5 years to repay in monthly installments.

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Answered on 10/24/02, 12:52 pm
Tommy Andrews, Jr. Tommy Andrews, Jr., PC

Re: Now or later

Our focus is bankruptcy. We are one of the leading consumer bankruptcy law firms in the area. I gather that what you want to file is a Chapter 7 Bankruptcy. I understand that this is a stressful time for you. Most folks who file Chapter 7 do in fact get to keep their house and car, but I would need to learn more about your case to offer advice If you would like to set up an appointment to discuss this matter, the first consultation is free. The main office number is (703) 838 9004. I am available to meet with you evenings or on Saturday.

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Answered on 10/24/02, 1:39 pm


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