When Virginia residents find themselves in significant debt, bankruptcy is often a consideration. Depending on the debtor's circumstances, either Chapter 7 or Chapter 13 bankruptcy may be selected. In Chapter 7, the debtor's non-exempt assets are liquidated, creditors...

When Virginia debtors file petitions for Chapter 13 bankruptcy, it is important for them to understand that they must get permission to engage in any financial transactions from the U.S. bankruptcy trustee. They must also report all additional income that they receive...

People in Virginia who have a large amount of credit card debt might be thinking about seeking guidance from a debt negotiation firm. These firms can negotiate with credit card companies on the consumer's behalf and help them reduce or eliminate their debt over a...

Virginia residents considering bankruptcy should understand exactly how the legal process works. There are a variety of rules, including a bar against certain transfers of assets within one year of filing a petition.In a case that reached the U.S. court of Appeals for...