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You may have heard of Chapter seven and Chapter thirteen bankruptcy (People are the two most typical bankruptcies for people), but Were you aware there are actually six varieties of bankruptcy obtainable? Here's a brief rundown of the differing types of bankruptcy filings:
That is determined by the sort of bankruptcy you qualify for. Using a Chapter seven bankruptcy, your property will probably be marketed (except Possibly your property and car), as well as your creditors will likely be paid out off With all the proceeds.
Chat with Licensed lawyers right up until you’re glad. About any authorized situation—from big to little, and everything between.
Whether Chapter 7, Chapter eleven, or Chapter 13 bankruptcy, filing for bankruptcy petition isn’t effortless. Differing types of bankruptcy mean a distinct bankruptcy procedure, meaning any bankruptcy lawyer in Fairfax County should be effectively-versed in all relevant exercise regions of VA bankruptcy law.
Karl Moses is an affiliate in the organization's Creditor's Rights, Bankruptcy and Insolvency segment. His follow concentrates on creditors' rights, business litigation, insolvency, exercises and foreclosures. He principally represents banks as well as other lending establishments. Karl has in depth working experience symbolizing house loan lenders in Chapter 7 and Chapter thirteen bankruptcy proceedings during the U.
Bankruptcy Promises in Woodbridge: In the event you’re thinking about whether or not bankruptcy is the greatest route for yourself, we encourage you to discuss your situations having a Woodbridge bankruptcy lawyer at Manassas Law Team. Now we have lots of sources accessible to aid both of those household and business entrepreneurs file for bankruptcy.
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