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TEL 804.794.8070

Located in Midlothian, Virginia across
from Chesterfield Towne Center

Archive for April, 2011

Is Your House Underwater? If You File a Chapter 13 You May Be Able to Strip Your Second Mortgage!

Posted on April 4th, 2011 by jrsmith

With the recent drastic drop in home values, “lien stripping” can be one of the most useful tools available to debtors in a Chapter 13, who are “underwater.”  At the end of 2010, it was estimated that 10.8 million or 22.5% of all residential mortgages in America were in negative equity or “underwater.” In Virginia, a Chapter 13 […]

Student Loan Debt: The Curse of Education in America

Posted on April 3rd, 2011 by jrsmith

If you run up credit card debt buying a home entertainment center and find you cannot pay for it after a couple of years, you can eliminate that debt in bankruptcy.  If you don’t pay your income taxes, after three years you can usually eliminate that debt in bankruptcy.  You can even eliminate debt owed […]

Top Reasons to File a Chapter 13

Posted on April 3rd, 2011 by jrsmith

When it comes to filing bankruptcy, the vast majority of people assume a Chapter 7 is the best option; however, there are many reasons why filing a Chapter 13 is the better option and sometimes the only option. You need to stop a foreclosure, respossession or garnishment. When you file bankruptcy your creditors must immediately […]