Bankruptcy is a legal proceeding that helps you if you are facing many credit problems including:
sometimes called Straight Bankruptcy, asks the court to discharge your debts. In most cases you can keep property that is “exempt” under the law.
asks the court to allow you to file a plan to pay all or a portion of your debts over a period of years. It may allow you to keep your home and your car.
is for family farmers who need protection from their debts and want to keep their farms.
asks the court for “reorganization” for businesses and individuals with large debt.
There are some debts that cannot be discharged in bankruptcy. These include student loans, most taxes, most criminal fines and penalties, DUI injury claims, alimony and spousal or child support, and fraud.
Many people face financial problems and need the advice of an attorney. The attorneys and staff of Browning, Lamie & Collins represent clients throughout the Southwest Virginia region. We represent your interests and protect your legal rights.