Seeking debt relief in South-Central Virginia?
Do you have unpaid bills, calls from creditors, and the nagging worry that comes from crippling debt? The Law Office of W. William Robinson recognizes that money troubles can be frustrating, stressful, even scary. That's why we are devoted to helping you understand and navigate the bankruptcy process. Contact Attorney Sarah E. Catherman today to learn more about bankruptcy and whether it is right for you!
Attorney Catherman is licensed to practice in the U.S. Bankruptcy Court for the Eastern District of Virginia and serves of counsel to Throop Law, a bankruptcy law firm with locations in Richmond and Newport News, assisting clients with debt relief in South Central Virginia. Attorney Catherman will provide you with a free consultation to determine whether bankruptcy is right for you.
Cases We Handle
Through her affiliation with Throop Law, Attorney Catherman assists clients with two types of debt resolution: Chapter 7 and Chapter 13 bankruptcies. These two types of bankruptcies can be great options for debt relief, but there are certain requirements that you must meet in order to apply.
Chapter 7 Bankruptcies
The most common type of bankruptcy is a Chapter 7 bankruptcy, also known as a "straight bankruptcy". This is a type of bankruptcy that allows individuals to liquidate their assets to pay down and discharge most of their debt. This option is most often used by individuals without significant assets.
Chapter 13 Bankruptcies
Chapter 13 bankruptcies are available to individuals that have a steady income. In this type of bankruptcy, a repayment plan is established, allowing you to pay down your debts over time. This type of bankruptcy is better for maintaining your assets. Chapter 13 bankruptcies may assist you in obtaining a broader discharge of debts than what may be permitted under a chapter 7 bankruptcy.
How will bankruptcy impact my credit score?
Many people are afraid to file bankruptcy because of the negative impact it may have on their credit score. While it is true that filing for bankruptcy may lower your score, in most cases, your post-filing score will actually increase. This is because most people who file for bankruptcy are buried so deep in past-due bills, their credit score is already near rock bottom. However, after filing for bankruptcy and receiving a discharge of their debt, their credit score quickly begins to increase!