Chapter 13 Bankruptcy: How Repayment Plans Can Help You Keep Your Assets
If you are behind on bills but do not want to risk losing your home, your car, or other valuable property, you may be wondering if bankruptcy is right for your situation. Many people do not realize that bankruptcy can actually help you keep the assets you have. At The Alliance Legal Group, PLLC, we…
Understanding Chapter 7 Bankruptcy: When it May Be the Right Option
Debt can feel like an impossible weight. If you are struggling with bills, creditor calls, and financial pressure with no end in sight, you are not alone. At The Alliance Legal Group, PLLC, we have helped thousands of Virginia residents find a way forward through bankruptcy. One option that many of our clients find life-changing…
What is a 341 Meeting? What Happens if I Miss My 341 Meeting?
341 Meetings are One of the Most Important Obligations in Bankruptcy
When filing for bankruptcy, there are several requirements you must meet. One of the requirements that causes the most stress for filers is the 341 Meeting of Creditors. It is the one thing that individuals filing for bankruptcy dread most.
DO I HAVE TO ATTEND THE 341 MEETING OF CREDITORS?
Yes. The 341 Meeting of Creditors is the only hearing during a Chapter 7 bankruptcy that requires the attendance of the debtor.
However, if you have hired a bankruptcy lawyer to handle your case, you may not have to be physically present in court to file your paperwork or attend any additional hearings.
Stopping a Wage Garnishment – 6 Options
You have fallen behind on your bill payments, and now your employer has received a court order to withhold money from your paycheck. Those withheld funds are to be submitted as repayment of your outstanding debt to your creditors or collection agencies. This process – otherwise known as a wage garnishment or wage attachment – can strain your already strained finances beyond your breaking point. You feel lost, beaten and wrack your brain to figure out how to make ends meet now. But you still have rights and may be able to find a way of reducing or even stopping the garnishment.