What Happens If Your Car Gets Repossessed
What Happens If Your Car Gets Repossessed (and What You Can Do About It) Facing a car repossession can feel overwhelming, but you’re not alone. Many people find themselves struggling with missed payments due to job loss, unexpected expenses, or other financial hardships. If your car gets repossessed, understanding your rights can help you take […]
Filing Bankruptcy Multiple Times: What You Need to Know
Filing Bankruptcy Multiple Times: What You Need to Know Life can be unpredictable. Many people who receive a bankruptcy discharge may later face new financial hardships, requiring them to seek bankruptcy protection again. If you’ve previously filed for bankruptcy and are struggling with debt once more, you may be wondering how often you can file […]
What Happens When You Miss a Credit Card Payment?
What Happens When You Miss a Credit Card Payment? Missing a credit card payment can happen to anyone, but it’s important to understand the consequences and take action quickly to minimize the damage. It is important to understand what happens after a missed payment, what creditors and debt collectors can do, and how to protect […]
Understanding the Chapter 13 Bankruptcy Process
Understanding the Chapter 13 Bankruptcy Process and What Happens When Your Plan is Denied A Chapter 13 bankruptcy allows individuals to restructure debts while keeping their property. This process is called a wage earner’s plan, which requires payments to be paid over the course of three to five years. Your Chapter 13 plan is based […]
Stopping Foreclosures in Virginia: A Complete Guide
Stopping Foreclosures in Virginia: A Complete Guide If you’re facing foreclosure in Virginia, time is of the essence. Unexpected events like job loss, medical emergencies, or rising expenses can make it difficult to stay current on your mortgage. Fortunately, there are effective strategies to stop foreclosure and safeguard your home. At Ashley F. Morgan Law, […]
What to Expect During Your Meeting of Creditors (341 Meeting)
The 341 Meeting, aka the Meeting of Creditors, is a part of the bankruptcy process where you meet with the trustee and confirm information. Our office helps hundred of clients through their Meeting of Creditors every year.
How Is a Chapter 13 Bankruptcy Plan Calculated?
How Is a Chapter 13 Bankruptcy Plan Calculated? Introduction The most common questions we get at Ashley F. Morgan Law, PC about Chapter 13 are: “How is my Chapter 13 payment plan calculated?” and “What will my Chapter 13 payment be?” The answer is complicated because your plan depends on multiple factors, including your income, […]
Can I Keep My House if I File Chapter 7 in Virginia? | Protecting Your House in Bankruptcy
Can I Keep My House if I File Chapter 7 in Virginia? If you’re considering Chapter 7 bankruptcy in Virginia, one of your biggest concerns is likely whether you can keep your house. For most people, their home is more than just a financial asset—it’s where they feel safe and secure. The good news? In […]
Virginia Garnishments: A Guide to Understanding Garnishment Summons in Virginia
Virginia Garnishments: A Guide to Understanding Garnishment Summons When creditors obtain a judgment against you in Virginia, garnishments can become a serious concern. They can target wages, bank accounts, or other assets, creating financial strain. Fortunately, there are multiple ways to address garnishments—both through bankruptcy and non-bankruptcy options. If you are dealing with debts, especially […]
Increased Virginia Homestead Exemption
The Virginia Homestead Exemption currently allows homeowners to each protect up to $50,000.00 in equity of their primary residence or where their dependents live.