In a chapter 7 bankruptcy situation, a debtor may possibly “reaffirm” their obligations to some secured creditor who holds a lien over a household, auto, or other important item.ABI found that ninety three% of people that file exemption paperwork properly can guard their major property by means of bankruptcy. Handled adequately, Chapter 7 may l

Keep in mind, you'll be able to constantly buy A different car or truck soon after bankruptcy, however it might be intelligent to attend some time to Allow your credit score score Get well so you may get a great offer on financing.Any time you file for Chapter 7 bankruptcy in Virginia, you’ll ought to complete both of those federal varieties and