Bankruptcy Attorneys Located in Alexandria VA

Tyler, Bartl & Ramsdell, P.L.C.

If you are struggling to keep up with your debts, it may be time to think seriously about bankruptcy, which affords individuals and businesses with the protection of the courts, a means to re-organize their finances, and ultimately a plan for a brighter future.  If this sounds like something you would like to learn more about, contact TBR Bankruptcy Attorneys in Alexandria, VA at 703.549.5000 to set up an appointment to find out more about your options.

Is Bankruptcy Really the Answer?

US Bankruptcy laws include a variety of protections for both individuals and businesses facing financial difficulty.  Some of these protections include:

• Chapter 7 Bankruptcy

• Chapter 11 Business Bankruptcy

• Chapter 13 Bankruptcy

It’s always a good idea to speak to a bankruptcy attorney before you decide to file for a bankruptcy. Some debts that may be discharged or reorganized through include:

• Medical bills

• Credit cards

• Unsecured debt

• Mortgage debt

Other debts, such as child support and student loans, cannot be erased with a bankruptcy but may be able to be re-organized into a more affordable payment plan. The bankruptcy attorneys at TBR Law in Alexandria VA can explain the specific exemptions which may apply in your case.

What Can You Keep?

In some cases, you can keep your house. It is best to speak with an attorney to determine whether this is the case for you or not. The amount of other property you may keep is dependent on whether you have pledged those properties as collateral for debts.

What about Co-Signors?

If a relative or friend cosigned a loan for you, a Chapter 13 bankruptcy will protect them, since you will be repaying the debt. However, if you file Chapter 7, they may be stuck with any debt that you do not pay. Ask your attorney whether this applies to your co-signors.

How Can Bankruptcy Affect Your Personal Life?

Bankruptcy can certainly seem like an intrusive process, as you will be disclosing all details about your finances to the local court. Making matters worse is the fact that bankruptcy is a matter of personal record, so it is possible that friends, family or co-workers might find out about it.

However, this may not be as big of an issue as it seems.  Click here to read more about this issue and find out exactly what people will find out when you file for bankruptcy.

Contact Us Today to Get Started

If you have questions about any of the topics listed here and how they may apply to your specific case, please contact our bankruptcy attorneys at TBR in Alexandria, VA for a free consultation.