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Do I Need To Be Employed To File Bankruptcy? Call (703) 494-3323 or visit https://fishersandlerlaw.com and ask us about our 👉$0 Down Bankruptcy Program today.👈
Do I Need To Be Employed To File Bankruptcy?
Are you struggling to keep up with your bills? Are you tired of feeling like you're drowning in debt? Fisher-Sandler can help. We offer a no money down chapter 7 bankruptcy. This means you can get the fresh start you need without having to pay a penny upfront. Don't wait any longer. Get the debt relief you deserve.
Call (703) 494-3323 or visit https://fishersandlerlaw.com for your FREE consultation
Call Fisher-Sandler today and find out how we can help you get back on your feet.
Yes, you can file for Chapter 7 bankruptcy or Chapter 13 bankruptcy in Virginia while unemployed. Needing bankruptcy does not depend on your job status, and many people may need to file after losing a job.
Do I Need To Be Employed To File Bankruptcy in Virginia?
Filing for Chapter 7 Bankruptcy When Unemployed in Virginia?
You can still file for Chapter 13 bankruptcy if you're unemployed. However, if you don't have employment income, you'll have to show that you have some kind of income from a verifiable source and that you can afford your plan. Otherwise, the court will dismiss your case.
You'll Need Some Type of Income to Qualify for Chapter 13
For instance, an unemployed debtor might have business or rental income that can be used to fund a plan. You can even use unemployment benefits, Social Security funds, or retirement benefits. As long as you can show that you have enough income coming in from some source, then your case will likely get approved by the court.
Do I Need To Be Employed To File Bankruptcy in Virginia?
You may feel panicked after losing a job and watching debts increase. Filing for bankruptcy often needs the right timing to qualify, and an experienced bankruptcy attorney can tell you the best time to file for your situation.
People also search for:
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Fisher–Sandler, LLC
12801 Darby Brook Ct #201
Woodbridge, VA 22192
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Fisher–Sandler, LLC
3977 Chain Bridge Rd #2
Fairfax, VA 22030
(703) 691-1642
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Fisher-Sandler, LLC
8002 Discovery Drive, Ste. 422
Richmond,VA 23229
(804) 664-3643
JF34+P3 Richmond, Virginia
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Fisher-Sandler, LLC - Fredericksburg, VA
1930 William Street
Fredericksburg, VA 22401
(540) 274-5566
7GW5+33 Fredericksburg, Virginia
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Related Videos:
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*DISCLAIMER*
The information in this video is not intended to provide legal advice or to create an attorney-client relationship; but is intended for general education and information purposes only. Laws change periodically, therefore the information in this video may not be accurate. It is imperative that you seek legal counsel in order to determine your rights and obligations under the law and based upon your specific circumstances.
Filing For Bankruptcy? Here is a Couple Tips to Ease the Pain
If your bills are piling up faster than you can pay them off then filing for bankruptcy may be in your future. Filing for bankruptcy is never a good thing but there are times when it is necessary to get you back on track. Some are scared that it will ruin your credit for life, but that is not the case.
Pitfalls to Filing Bankruptcy and How to Avoid ThemBankruptcy is a major decision in anyone's life one thing to remember when filing is that there are many pitfalls that could have legal ramifications. It is important to know what some of these pitfalls are when filling for you bankruptcy info that could be very valuable to your financial future.
10 Reasons Why People File For BankruptcyThe possibility of bankruptcy is very real. If you think this could never happen to you, think again. In fact millions of Americans have already filed bankruptcy at one point in their lives and most of them never expected that possibility either.
Income Limits and BankruptcyThis article discusses the frequency of bankruptcy filings for individuals who are used to making higher salaries and have not faced serious crisis in the past. People may wish to file for Chapter 13 protection to assign a trustee to help channel funds to the person's creditors.
High Incomes and Bankruptcy FilingsThis article discusses the rising frequency of higher-income families filing for bankruptcy protection. Chapter 11 bankruptcy applications have risen dramatically and persons who are unfamiliar with the process are advised to consult an experienced attorney with any questions.
Is Bankruptcy Really an Admission of Failure?Trying to survive financial hardship is undoubtedly one of the biggest challenges anyone can face in life. It seems that one unfortunate event follows another until you and your family find yourselves in an endless cycle of financial turmoil and unbelievable stress. What makes everything worse is not knowing where to turn.
Try These Bankruptcy Alternatives Before You Decide to Declare Yourself BankruptDespite the social stigma and horror stories attached to the word, 'bankruptcy,' it is actually a viable and legitimate means of putting an end to incredibly desperate financial problems. Of course, for some people it will be the best route to take, while for others, it would be more advisable to seek out bankruptcy alternatives first. Whichever way you do it, whether you proceed or not, you should ensure that you have weighed up all your options first as it comes with long term consequences.
Bankruptcy Means Test - How is it Measured and Will it Affect Your Bankruptcy Appeal?If you are in a position where you are considering bankruptcy and have done some research, then there is a good chance that you will already have heard of the bankruptcy means test. This is something that was introduced as part of the reforms to bankruptcy code back in 2005. Essentially, this is designed to work out whether or not someone really does need to declare bankruptcy.
Do Not Be Misinformed If You Are Filing For Bankruptcy - Get the Right Facts Before You Proceed!If you are considering filing for bankruptcy you might have previously been too embarrassed to ask for help or advice. Unfortunately, bankruptcy still has something of a social stigma attached to it, particularly amongst the older generations and people simply do not like to talk about topics with a stigma attached. This means that a number of people are misinformed about certain facts relating to filing for bankruptcy.
The Many Causes of BankruptcyThere are any number of financial crises that could lead a family to the edge of bankruptcy. It may be an unexpected medical expense that was not covered by health insurance, or it may be the result of a failed business in which the family invested personal funds and lost a lifetime of savings.
Corporate Bankruptcy - When Should a Business File For Bankruptcy?When your company is facing debt problems, it can be hard to know if or when to file for bankruptcy. Consulting with an experienced bankruptcy lawyer can help your business determine if it needs to file for bankruptcy.
Avoiding Bankruptcy InformationIn recent years bankruptcy has seemed to be the choice of individuals and businesses to try and stay afloat in tough economic times. Is bankruptcy worth it though? Many people in recent years have asked themselves this question and today we are going to take a closer look at this so you have a good idea about it.
How Bankruptcy Affects Your Job and CareerThere is no doubt that bankruptcy can provide much-needed debt relief, particularly if you are overwhelmed with debt problems. However, it is normal that you might be concerned about its potential impact on your job and career. However, unless it is a clear violation of the terms of your contract of employment, it would be illegal for your current employer to sack you simply because you have filed for bankruptcy.
Wondering About the Cost of Declaring Bankruptcy? Find Out the Facts HereIf you are in a situation where you are simply unable to pay off your outstanding debts and even with significant changes to your expenditures you will be unable to pay them in the foreseeable future, then the chances are that you really should think about declaring yourself bankrupt.
What is Bankruptcy Automatic Stay and How Does it Provide Relief For You?Being in debt is hugely stressful and the constant calls from creditors demanding money that you simply do not have is most definitely something that will probably keep you awake at night!
If it's not a lease, but you're still making regular monthly payments, your automobile functions as "security" for the bank that loaned you the money to purchase it. A collateral supplies the vehicle loan provider with security while you settle the loan balance. That's why this type of financial obligation is called "secured debt." It's likewise what enables a repossession to take place if there is a payment default. If you're not making cars and truck payments to anybody, you own the cars and truck totally free and clear.
If you're unable to use the federal bankruptcy exemptions, ensure you check your state personal bankruptcy laws. Available exemption amounts differ from one state to another. If you believe your car deserves more than the offered exemption amount, consider talking with a bankruptcy attorney in your state about it.
Getting additional defense by declaring a wildcard exemption. The Bankruptcy Code and some (however not all) states also allow filers to make the most of a wildcard exemption. They're called a "wildcard" since they can be utilized to safeguard any home. If your car deserves more than the offered motor vehicle exemption, see if you can secure the rest with a wildcard exemption in your state. What if my vehicle's reasonable market value is greater than the exemption quantity? . If a car you own totally free and clear has a reasonable market value that is much higher than the offered exemptions, the Chapter 7 bankruptcy trustee can sell the vehicle and use a few of the sales proceeds to pay your charge card and other unsecured debts. But first, they have to offer you your exemption amount.
Example: Your vehicle deserves 15,000 and you can exempt $6,000.
The personal bankruptcy trustee sells the car for $15,000. You get $6,000 to acquire a various automobile. The rest is dispersed to your unsecured lenders by the insolvency trustee. So how is it possible that the majority of people get to keep their vehicle? . Given that vehicles don't keep their value effectively, it's not common to have a significant quantity of equity over and above the readily available automobile exemption. Possibilities are, if you've had your cars and truck long enough that you paid off the vehicle note, its reasonable market value is well listed below the exemption quantity. Chapter 13 bankruptcy attorney in woodbridge virginia can help, too! . If you have a pricey car you wish to keep, but you need financial obligation relief, speak with a bankruptcy attorney about Chapter 13 personal bankruptcy. A bankruptcy filing under Chapter 13 of the Bankruptcy Code permits you to pay for the quantity of equity not secured by an exemption over a 3 - 5 year long payment strategy.
