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How does chapte 13 Bankruptcy work in Virginia?

I really should have titled this blog “How does chapter 13 bankruptcy work in Alexandria, Virginia.” Why? Because in each and every jurisdiction things are done just a bit differently than in other parts of the country, or even other parts of the state for that matter. Drawing inspiration from David Letterman and his famous “top 10 list” the following are the top 10 issues to keep … Read More →

Will I lose my house if I file for Bankruptcy?

The short answer is no. The bankruptcy court will not make you give up your house if you file for bankruptcy. If there is little or no equity in your home at the time that you are thinking about filing for bankruptcy, then you can safely file a chapter 7 bankruptcy case. The chapter 7 bankruptcy trustee is only interested in assets with equity that cannot be … Read More →