Chapter 7 Bankruptcy Lawyer Charlottesville VA

Chapter 7 Bankruptcy Lawyer Charlottesville VA Chapter 7 Bankruptcy Lawyer Charlottesville VA

At MartinWren, P.C., a chapter 7 bankruptcy lawyer Charlottesville VA residents trust provides information for people who are dealing with extreme financial hardships and need options for what to do next. One of those options may be filing for Chapter 7 bankruptcy, however, it is important that you seek advice from a reputable lawyer before doing so. There are pros and cons to filing for bankruptcy, and it is imperative to have a full understanding of what this means before moving forward. 

The Pros and Cons of Bankruptcy

Firstly, bankruptcy is not going to be a suitable option for everyone, nor should it be a decision that is taken lightly. The main benefit of operating under a bankruptcy chapter is getting some relief from debts and onto a path of financial stability for the long-term. Many people have the wrong idea about what bankruptcy entails, and the most common assumption is that bankruptcy will eradicate all of your debts. While this may be true for some people, it isn’t the general rule for every person. It is important to get advice from a member of our team and have guidance along the way.

There is so much more to filing for bankruptcy than applying and getting your debts eliminated. For many people, they have to pay back at least a portion of their debts through a repayment plan or selling off assets. If you are not willing to do either,  then bankruptcy may not be right for you. Also, a bankruptcy status is going to follow you for ten years, and will show up on your credit report for this duration of time. If you have a high credit score now and apply for bankruptcy, it is likely to take a major hit. But if your score is low right now already, then it may not be as drastic of a change.

Protection From Creditors and Collection Agencies

As your Charlottesville bankruptcy lawyer can explain, after filing for bankruptcy, an “automatic stay” will be enforced, in which your creditors and collection agencies are no longer permitted to seek payment from you for oustanding debts. You are protected from creditor phone calls, emails, letters, and any other attempts at obtaining payment. If you have already been approved to operate under a bankruptcy chapter and have creditors still contacting you, they may be violating your rights and getting a lawyer is strongly advised.

Call MartinWren, P.C. Today For Help

We understand that you may be reading this because you are struggling to keep up with bills. Times are particularly hard especially since COVID-19 started. We can help. If you are not sure whether bankruptcy can help get you out of financial turmoil, please consider speaking with a chapter 7 bankruptcy lawyer in Charlottesville, Virginia today for more information. 

Contact Our Virginia Lawyers

We serve clients throughout Virginia — from Charlottesville and Central Virginia to metropolitan Richmond; Harrisonburg and the Shenandoah Valley to Roanoke; and the cities of Hampton Roads to the Northern Virginia cities of  Fairfax, Alexandria and Arlington.

To speak with one of our attorneys, please call us at (434) 817-3100.

Our Virginia personal injury lawyers at MartinWren, P.C. also have a statewide practice and offer free consultations at a time and location that is convenient for you.  We will gladly meet with you at your home or at the hospital, even on nights and weekends.


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