Serving South Hampton Roads — Norfolk, Portsmouth, Suffolk and Chesapeake
Chapter 7 vs. Chapter 13
Chapter 7: Liquidation
Chapter 7 is also known as 'Fresh start bankruptcy' or 'Liquidation bankruptcy' and generally allows you to eliminate most of your unsecured debt. Through Chapter 7 bankruptcy, you can ask the bankruptcy court to discharge any and all debt allowed by law, including credit cards, medical bills, personal loans, late charges, and penalties.
Chapter 13 is also known as 'Wage earner bankruptcy' or 'Reorganization bankruptcy'. To stop any foreclosure in a chapter 13, you need 0$ filing fee. Chapter 13 bankruptcy generally allows wage earners to surrender the secured property they wish to surrender and keep the secured property they wish to retain. In the latter case debtors must keep up with the payments on the property they choose to keep (usually home or car). However, back payments can be placed in a plan to be repaid over time, in accordance with the debtor's budget.
We are a debt-relief firm and we'll help you with the entire bankruptcy filing process.
We'll answer your calls 24 hours a day, 7 days a week.
Get Relief From Bankruptcy Issues
When you're overwhelmed with bankruptcy-related issues, look no further than The Alliance Legal Group PLLC, based in Chesapeake, VA. Our experienced attorneys will provide you with the debt relief you need.
Chapter 13: Reorganization
As a locally-owned business with over 25 years in practice, The Alliance Legal Group will provide you with expert guidance throughout your bankruptcy. Our firm specializes in Chapter 7 and Chapter 13 bankruptcy, so we can help you decide the best course of action for your specific situation.
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