Virginia Chapter 13 Bankruptcy Attorneys | Virginia Bankruptcy Lawyers
Chapter 13 bankruptcy allows for the reorganization of debts, without discharging all debts completely. This may be a good option for people facing foreclosure who want to keep their homes. In order to file for Chapter 13, you will need to submit a petition for bankruptcy, statement of financial affairs, and schedules, which will require the following information:
- A list of all creditors and the amounts and nature of their claims;
- The source, amount, and frequency of the debtor’s income;
- A list of all of the debtor’s property; and
- A detailed list of the debtor’s monthly living expenses, i.e., food, clothing, shelter, utilities, taxes, transportation, medicine, etc.
The Virginia Chapter 13 bankruptcy attorneys at Charles B. Roberts & Associates, P.C. will assist you in compiling and filling out the forms for your petition. When a husband and wife file a joint petition or each spouse files an individual petition, the above detailed data must be gathered for both spouses.
Upon the filing of the petition, an impartial trustee is appointed to administer the case. The Chapter 13 trustee both evaluates the case and serves as a disbursing agent, collecting payments from debtors and making distributions to creditors.
In order to file a Chapter 13 bankruptcy petition, courts charge a series of fees. Currently, there is a $150 case filing fee and a $39 miscellaneous administrative fee. The fees may, with the court’s permission, be paid in installments, up to four for the filing fee. The final installment must be paid no later than 120 days after filing the petition.
For cause shown, the court may extend the time of any installment, as long as the last installment is paid no later than 180 days after filing the petition. If a joint petition is filed, only one filing fee and one administrative fee are charged.
The experienced Virginia Chapter 13 bankruptcy attorneys at Charles B. Roberts & Associates, P.C. can help you with the complex process of filing a Chapter 13 bankruptcy in Virginia. Call 703-491-7070 or 1-888-407-4529 today to discuss your case with our experienced Virginia Chapter 13 bankruptcy attorneys.
We handle cases in Arlington, Fredericksburg, Woodbridge, and throughout Northern Virginia.