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Category: Blog

FAQ: Is there a government program to cancel debt?

Some companies will advertise that they can easily help you cancel debts, but unfortunately it isn't as easy of a progress as it may be advertised.

Cancelling or Forgiving Debts: Options Under Debt Settlement and Bankruptcy In today’s saturated financial market, the promise of debt cancellation lures in individuals grappling with insurmountable debt. Amidst the clamor of advertisements from debt settlement companies like National Debt Relief or Freedom Debt Relief promising to reduce or cancel debts, understanding the nuances of debt […]

Understanding Virginia Statute of Limitations for Debts

The statute of limitations is a law that sets the maximum time that parties have to initiate legal proceedings before the Debtor has an affirmative defense. Virginia Statute of Limitations for Debts typically vary from three to five years.

Navigating Debt Collection and the Virginia Statute of Limitations If you’re receiving collection calls or letters from creditors seeking unpaid debt, understanding the statute of limitations in Virginia is essential. We often get calls from people saying they are getting letters or calls about an older debt that was barred by statute of limitations. However, […]

Bankruptcy Can Improve Credit Score

Someone looking at their credit score and being stressed out. If your credit is below average and you have substantial debt, you may consider filing bankruptcy. Many are showed that bankruptcy improves credit for many individuals; similarly, many people are shocked to see their credit score after bankruptcy.

Bankruptcy Can Actually Improve Your Credit Score Bankruptcy is often associated with financial ruin and a damaged credit score. However, there is a surprising silver lining to this process that many people overlook or do not know about. While bankruptcy might have a negative impact on your credit in the short term, it can also […]

Tax Consequences of Debt Settlement

Debt Settlement written on a notebook. Calculating the tax consequences of debt settlement.

Tax Consequences of Debt Settlement When financial difficulties strike, individuals often find themselves seeking solutions to manage their debt burden. Debt settlement is one such option that can provide relief by negotiating with creditors to pay a reduced amount to settle the debt. However, it’s crucial to understand the potential tax implications associated with this […]

Top 17 Bankruptcy Myths: The Truth About Bankruptcy

Traffic Sign with the word "Bankruptcy" -- when down a difficult financial path, bankruptcy may be a good way to negative through the issues. It is important to understand the truth about bankruptcy and debunk all the bankruptcy myths to make the right decision.

Top 17 Bankruptcy Myths: The Truth About Bankruptcy Bankruptcy is a legal process that provides individuals and businesses with relief from overwhelming debt. While many believe that bankruptcy is something that should never be considered, the truth is that it is an important tool provided under the law; bankruptcy is designed to give alternative and […]

An Open Letter From a Bankruptcy Lawyer: The Truth about Filing Bankruptcy and Debt Relief

Debt is weighing on a man and consuming all his money. He should consider filing bankruptcy to find relief.

To Anyone Feeling Overwhelmed with Debt: As a bankruptcy attorney, my office deals with people who are going through stressful moments in their lives. Every day we help educate people on filing bankruptcy and debt issues. Hardest part about talking with individuals about debt relief options is combating the significant misconceptions about debt issues and […]

Finding the Best Tax Preparer

A pile of documents, including tax returns and a tax refund check plus a calculator.

Finding the Best Tax Preparer Finding the best tax preparer can seem daunting, but it’s an important task to ensure that your taxes are prepared accurately and efficiently. Having a good and experienced tax preparer can be the difference in ensuring your taxes are done properly and preventing future issues. A skilled and experienced tax […]

Understanding a Warrant in Debt: Virginia’s Lawsuits for Debts

Warrant in Debt Template

Understanding a Warrant in Debt: Virginia’s Lawsuits for Debts Here in Virginia, a lawsuit for money in General District Court is called a Warrant in Debt. This sounds a lot scarier than it is. Basically, a Warrant in Debt means someone, a person or a company, has filed a lawsuit and is claiming you owe […]

Improving Credit After Chapter 7 Bankruptcy

Laptop with Credit Score graph; someone looking at their credit score to determine how to improve credit after their bankruptcy. Improving credit after bankruptcy is easier than you think.

Improving Credit After Chapter 7 Bankruptcy: Top 10 Tips for Getting a Great Credit Post-Bankruptcy Discharge Chapter 7 bankruptcy is not the end of a long journey, but rather the start of an even longer, more positive journey. Improving credit after bankruptcy is not as hard as you think it might be. You have to […]

Bankruptcy Help: Why Having an Experienced Virginia Bankruptcy Lawyer Matters

Scrabble Board with debt and finance words on it.

Bankruptcy Help Need help with debt? Need help filing for bankruptcy? Bankruptcy can be a complicated process. It is a full analysis of your financial situation. The court looks at your full situation; the court requires information about your income, debts, expenses, and asserts. Filing a personal bankruptcy under Chapter 7 or Chapter 13 takes […]