Free Bankruptcy Consultation


Take back control of your finances

Life happens, let us help you get your life back on track. There are many situations beyond your control that can create a wave of debt that you find yourself drowning in. These situations can happen to anyone. You are not alone, we are here to help. If you are struggling with a significant amount of debt and are unable to pay it, filing for bankruptcy may be a good option.  There are two types of individual bankruptcy, each with its advantages and disadvantages; Chapter 7 and Chapter 13.


Chapter 7 Bankruptcy


This type of bankruptcy is not available to everyone. There are financial and asset restrictions that must be considered prior to filing. When you file for Chapter 7 bankruptcy, it essentially freezes the creditors ability to collect from you. The moment the bankruptcy petition is filed a creditor may not contact you, your property may not be repossessed, and your home may not be foreclosed on. This is called an “automatic stay.”After the court receives your petition, a Trustee is assigned to your case. Their main purpose in a Chapter 7 is to liquidate the assets that are not protected by exemptions, and pay back some of the debt. You and your attorney (preferably one from Hill & Rainey) will attend a 341 hearing. This is an informal meeting where the assigned Trustee will ask you a series of questions. At the conclusion of a Chapter 7, your debt is discharged and you get a fresh start financially. This type of bankruptcy works best for individuals who do not own property or substantial assets.


Chapter 13 Bankruptcy


This type of bankruptcy reorganizes your debt and creates a repayment plan. This plan is based on the individuals’ income and does not require liquidation of assets. Throughout the duration of the repayment plan, the debtor will repay some or all of the debt. The repayment plans range from (3) three to (5) years. At the end of the plan, all remaining debt is discharged.

Filing for bankruptcy is a major decision and requires careful planning. The attorneys at Hill & Rainey will walk you through the entire process. Your success is our success. If you are considering filing for bankruptcy or would like to learn more about how bankruptcy works, give us a call for your FREE consultation!




  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Credit Card Debt
  • Creditor Harassment
  • Foreclosures
  • Repossessions
  • Wage Garnishment

Did you Know?

In 2016, over 20,000 people filed for bankruptcy in the Commonwealth of Virginia.

***Important COVID-19 Update***


As we confront the challenge of the COVID-19 coronavirus, the health and safety of our clients and our staff is our top priority. While we monitor updates from the CDC as well as local public health authorities, we understand that your legal needs are still important.  If you would like to talk to an attorney, please call us at (804)-526-8300 or use the contact form to reach out.  We will continue to fight tirelessly for you and will reach out to you shortly.

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The information presented in this website is intended for informational purposes only.  By accessing this website, you are not establishing an attorney client relationship.  You should consult an attorney for individual advice that relates to your specific situation.