Virginia Beach Bankruptcy Attorneys
Virginia’s Largest Consumer Bankruptcy Law Firm
Filing for bankruptcy can be intimidating, but you don’t have to do it alone. At Boleman Law Firm, P.C., we bring over 30 years of experience to every case. Whether you’re facing foreclosure, repossessions, or medical debt, our bankruptcy lawyers are dedicated to guiding your legal steps with compassion during this stressful time.
Since 1991, our attorneys have provided personalized counsel to individuals and families facing financial hardships in Virginia Beach. As the largest consumer bankruptcy firm in the state, our goal is to help you achieve the fresh start you need to get your finances back on track. With over 150,000 cases handled, you can trust us to protect your best interests in and out of the courtroom.
Filing for bankruptcy in Virginia Beach? Our knowledgeable lawyers can help you pursue the fresh start you deserve. Contact us online to discuss your case.
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Chapter 7 BankruptcyChapter 7 bankruptcy is a legal process that allows individuals to discharge most unsecured debts, such as credit cards and medical bills, through asset liquidation.
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Chapter 13 Bankruptcy
Chapter 13 bankruptcy allows individuals with regular income to create a court-approved repayment plan to pay off all or part of their debts over three to five years.
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"I am beyond thankful!"
The professionalism, empathy respect and guidance that I received at the Boleman law office was an unforgettable experience that uplift my journey.
- Monica B. -
"Boleman law firm has been the best law firm in Virginia."They helped me and my wife so much I could never repay them for the help they did for us and they were very kind and helpful and always took my calls and always made sure I was doing my part and they never ever let us down they saved our home our automobiles and that was our life as I said they were like family the way they treated us and did so much for us and the price they charged us was so cheap and they never let us down. To us there is no other law firm that is like family.- David R.
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"I highly recommend Boleman Law firm if you are considering bankruptcy."Boleman Law Firm possesses some great lawyers. I had some fears about filing for bankruptcy but their staff walked me through the entire process. I was treated with respect and compassion. It’s not easy deciding to file for bankruptcy but Boleman made the process easy and relatively straightforward.- Robert M.
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"Guided us to a successful outcome."
We had a great experience . Their team is amazing. Very professional while being considerate of 2 older folks with special needs.
- Tom G.
we will help you
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What Is Bankruptcy?
Bankruptcy is the legal process of repaying, restructuring, or discharging debts. This is intended to give debtors a “fresh start” while providing a way for creditors to be treated fairly.
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Who Is Eligible to File for Bankruptcy?
Almost any individual with a residence, business, or property in the U.S. can file for bankruptcy. Eligibility depends on several factors, including income, type of debt, and previous bankruptcy filings.
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What Is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?
There are two primary types of bankruptcy:
- A Chapter 7 bankruptcy is a liquidation process where most unsecured debts are discharged and certain assets may be sold to pay creditors.
- A Chapter 13 bankruptcy is a repayment plan that allows you to pay back some or all debts over three to five years while keeping your property.
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Am I Eligible to File for a Chapter 7 Bankruptcy?
If you’re considering a Chapter 7 bankruptcy, you must first pass the means test. This process evaluates your financial situation using two main steps:
- Income comparison. Comparing your income over the past six months to the state median income for your household.
- Disposal income calculation. Deducting allowable expenses to determine your disposable income.
If your income is below the median or you pass the means test, you may qualify for Chapter 7. Our attorneys can walk you through these legal intricacies to determine the best path forward for your needs and goals.
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What Is the 341 Meeting?
In every consumer bankruptcy case, the filer is required to attend a mandatory 341 meeting (“meeting of creditors”). This required session is not a court hearing with a judge, but a meeting conducted by a trustee.
During the meeting, you will answer questions under oath about your income, assets, debts, and financial history. Creditors may attend and ask questions. However, the meeting is mandatory regardless of whether creditors are present.
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How Long Does the Bankruptcy Process Take?
The timeframe for bankruptcy depends on the chapter type. AChapter 7 bankruptcy typically takes 4-6 months, depending on the complexity of assets, paperwork accuracy, and whether the trustee requires additional documentation.
A Chapter 13 bankruptcy usually takes three to five years due to the repayment plan. The exact duration depends on the proposed repayment schedule, income, amount of debt, and any adjustments required by the court.
At Boleman Law Firm, P.C., we can help streamline the process by assessing your eligibility and chapter options, assisting with the completion of required forms and documents, and communicating with creditors and the trustee on your behalf.
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How Does Bankruptcy Affect Credit Ratings?
Bankruptcy can affect credit scores and may be reflected on your record for up to ten years. Our attorneys can help you understand your legal options for rebuilding credit and managing debt after discharge to help you move forward with your life.
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Which Courthouse Must I Attend for a Bankruptcy Case in Virginia Beach?
If you live in Virginia Beach, your bankruptcy case will be filed in the Norfolk Division of the U.S. Bankruptcy Court for the Eastern District of Virginia. The courthouse is located at 600 Granby Street, Norfolk, VA 23510.
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Do I Need to Hire a Bankruptcy Lawyer?
If you’re filing for bankruptcy, working with a trusted lawyer is essential to protect your financial future. Some important reasons to secure experienced representation include:
- Legal guidance. Our lawyers can help you decide between Chapter 7 and 13 to prevent delays or dismissals.
- Paperwork. We assist with the completion of required paperwork to file forms correctly, accurately, and on time.
- Asset protection. We can help you protect what matters most by advising on exempt vs. non-exempt assets and preventing loss through errors.
- Communication with creditors and trustees. Our attorneys can handle questions, objections, and requests from creditors or the bankruptcy trustee.
- Peace of mind. Bankruptcy can have long-term legal and financial impacts. Our firm can guide your steps with care to reduce stress and uncertainty.
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How Do I Know if Chapter 7 or Chapter 13 Is Right for Me?
The right chapter depends on your income, assets, debt type, and goals, such as stopping foreclosure or wiping out credit cards. Each type offers unique benefits and drawbacks, making it crucial to consult a knowledgeable bankruptcy lawyer about your specific situation.
At Boleman Law Firm, P.C., we offer free consultations to help you understand your legal options. Our attorneys can carefully review your case and financial goals to determine the best path forward and pursue a favorable outcome.
