Bankruptcy

Bankruptcy is a legal proceeding that helps you if you are facing many credit problems including:

  • Credit card debt
  • Medical bills
  • Foreclosure
  • Repossession of property
  • Garnishment
  • Termination of utility service
  • Collection calls

There are four types of bankruptcy.

Chapter 7, sometimes called Straight Bankruptcy, asks the court to discharge your debts. In most cases you can keep property that is “exempt” under the law.

Chapter 13 asks the court to allow you to file a plan to pay all or a portion of your debts over a period of yours. It may allow you to keep your home and your car.

Chapter 12 is for family farmers who need protection from their debts and want to keep their farms.

Chapter 11 asks the court for “reorganization” for businesses and individuals with large debt.

There are some debts that cannot be discharged in bankruptcy. These include student loans, most taxes, most criminal fines and penalties, DUI injury claims, alimony and spousal or child support, and fraud.

Many people face financial problems and need the advice of an attorney. The attorneys and staff of Browning, Lamie & Gifford represent clients throughout the Southwest Virginia region. We represent your interests and protect your legal rights.

Contact us for a free consultation