Chantilly Bankruptcy Attorney

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Looking for a Chantilly Bankruptcy Lawyer? The experienced and dedicated legal team at Ashley F. Morgan Law, PC helps many debtors, both individuals and businesses, every year with their debt issues, including bankruptcy, debt settlement, tax resolution, offers in compromise, and much more. We offer free consultations for debt issues. Our knowledgeable attorneys can help review all options available to you. Our office is also bilingual; Attorney Ashley Morgan is fluent in Spanish. We also have office staff who speaks Spanish. We want all our clients to understand their options the best as possible.

Sometimes bankruptcy is the best option, sometimes it is not. You will get clear and candid answers from our office. We want to make sure you make the right decision for your situation. Going over your options with an experienced northern Virginia debt relief attorney ensures you get a good understanding of your options and help finding the right options for your situation. We can talk about your goals of improving your credit score, buying a house, etc.  

DEBT OPTIONS

Chapter 7: The most common type of bankruptcy is a Chapter 7 bankruptcy. This is also called a liquidation bankruptcy.  The schedule for a case is usually three to four months, which is typical for a normal, no-asset case. This means a usual case where there are no assets available to distribute to creditors. This usually occurs most of the time. During this case, you file a petition that includes data regarding your pay, expenses, liabilities, assets, and personal information. Even though the process is called a liquidation, a debtor can keep various items in a Chapter 7. If you have more than the typical amount of assets, the bankruptcy trustee sells the debtor’s nonexempt assets and uses the proceeds of such assets to pay creditors.

Chapter 13: A chapter 13 bankruptcy is also called a wage earner’s plan. Under this chapter, debtors propose a repayment plan over three to five years. It often allows debtors to keep all assets that would be at risk in a Chapter 7. Some individuals pay back only required debt, such as priority tax debt and mortgage arrearages, while other individuals pay back 100% of all debts. The amount paid in the plan is based on various factors, including income, non-exempt assets, etc.

Debt Settlements: Sometimes it is ideal to negotiate directly with the creditor. We often recommend this option when an individual has low debts or a couple creditors. This option does not have any guarantees, it can save you save money on the full amount owed. It also can help you avoid bankruptcy for only a couple debts.

To review your options, please contact our office. Our two offices are located close to Chantilly; either a short drive north on Route 28 to Herndon or south on Route 28 to Manassas. We offer plenty of free parking at both locations.

LIFE IN CHANTILLY, VIRGINIA

Problems facing individuals in Chantilly are different than those in the rest of Virginia. Chantilly is located in both Fairfax and Loudoun Counties. and is a suburb of Washington, D.C. Whether you live in Fairfax County or Loudoun County, we can help. is located approximately 25 miles outside DC. Living in the Virginia suburbs comes with increased expenses. These are expenses that are higher than most of the country.  We understand the financial struggles in Chantilly are different from the rest of the country. For many clients, even if you are making a decent income, the expenses in this area can be devastating. Make sure to retain a Chantilly Bankruptcy Attorney that understands the expensive cost of living of the area.

Qualifying for Chapter 7 Bankruptcy in Chantilly, VA

Filing bankruptcy can sometimes help relieve some of the financial struggles. To qualify for Chapter 7, the court will look at your income for the last 6 months. If the debtor’s income is less than or equal to the state median, they can file for Chapter 7.  This can mean it is more difficult for individuals living in the more expensive parts of the state to qualify for a Chapter 7. This is a common problem for many individuals living in Chantilly because the median income is based on incomes from all over the state. Living in Chantilly is drastically more expensive than living in other parts of Virginia, such as Farmville or Charlottesville.

Alternative Ways of Qualifying: The Means Test

However, there is another way to qualify for Chapter 7 that involves using your income and subtracting out allowable expenses; this process is called the Means Test.  Luckily, if your income is above the state median, we can take in consideration the allowable expenses for your county under the guidelines provide by the Internal Revenue Service. For clients living in Chantilly, we can often use numbers based on cost of living in Fairfax or Loudoun County. Also, we may be able to consider other high costs of living in the area, such as insurance payments, medical expenses, childcare, child support and similar.

If you have above median income, finding an experienced bankruptcy attorney can make the difference in whether you qualify for Chapter 7 or not. If you do not qualify for Chapter 7 — or determine that you should not file a Chapter 7 — and have to file a Chapter 13, the Means Test will also help dictate the payment plan during the course of your repayment plan. Having an experienced Chantilly Bankruptcy Lawyer can make the difference in how smoothly your case goes.

WHERE TO FILE BANKRUPTCY IF YOU LIVE IN CHANTILLY

Bankruptcy is a federal process, which means you file in a federal court. Virginia has two federal districts – Eastern Western Districts. There are four to seven courthouses in each Virginia district. Most people file in the jurisdiction where you reside; if you live in any part of northern Virginia, you will usually file in the Alexandria Division of the Eastern District of Virginia. There are other ways to determine where you can file, such as where your largest asset is located. However, it is usually easiest to file in the jurisdiction you reside.

Most of our bankruptcy clients never go the bankruptcy courthouse; most cases only have one mandatory appearance at the Meeting of Creditors (or 341 hearing). While these meetings use to happen in person, for nearly everyone, they now happen via video Zoom. During your meeting, an appointed trustee will verify your information over video with your Driver’s License and Social Security Card. The trustee will also ask basic questions to ensure that you reviewed your petition and you are the person who filed the bankruptcy. Other questions you will typically be asked are about your petition, including your debts and assets. This is usually a hearing that takes three to five minutes for your questions. If you are called first, you can often disconnect and be done withing 15 minutes. If you are call last, your questions are limited but you are typically waiting the full hour for the trustee to call your case.

CONTACT US!

If you have concerns about debt issues, bankruptcy, or similar, schedule an appointment with our office. Our office has experienced Chantilly bankruptcy lawyers ready to help you. With two  conveniently located offices (Herndon or Manassas), you can easily meet with one of our attorneys. Additionally,  you can have a virtual meeting with our lawyers via phone and/or Zoom to ensure your legal questions are met, even when you cannot travel to our offices. Call us to set up a consutlation today at 703-880-4881 or 703-880-4227.  

Zip Codes in Chantilly, Virginia: 20153, 20151, 20120, 22033

 

Joia Swanson
Joia Swanson
March 28, 2024

I had a great experience with Ashley and her firm. Everyone was so helpful and informative, and made me feel so comfortable with the process.

Anders Bruce
Anders Bruce
March 22, 2024

After interviewing three other lawyers, I finally opted to hire Ashley Morgan to handle my Chapter 7 bankruptcy. Her pricing was competitive, and she was able to start working on my case with only a down payment while I saved up for the rest of the fee. The level of care and service I received as a client was above and beyond. Her team was immensely helpful in putting together paperwork related to my business income and expenses. The case was handled flawlessly, I now have zero debt, and Ashley even responded to questions after the completion of the case. I couldn’t have asked for a better attorney.

Astrid Vargas
Astrid Vargas
February 25, 2024

Ashley Morgan and Felisa Aguilar were amazing with assisting me during the Bankruptcy process. They were kind, professional, and very helpful throughout the whole process. I was scared and nervous to file for bankruptcy but after talking to Ashley I felt very confident that it was the best decision to make. I would highly recommend Ashley Morgan and her team to help you with your bankruptcy process they make you feel welcome and happy with the decision that you are making. Thank you, I really appreciate all your help and support.

 

 

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Ashley Frances-May MorganReviewsout of 7 reviews
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