Legal Question in Bankruptcy in Virginia

Consult with an experienced bankruptcy lawyer, who should be able to advise you. Generally, it depends on what you want to accomplish. If you want to cure a default on a secured claim (mortgage), or strip off a lien, you need to file Chapter 13 if you are eligible, or Chapter 12 (if you are a farmer), or Chapter 11 if your debts exceed the Chapter 13 limits. If you just want to discharge your debts and get a fresh start quickly, and don't need to strip liens or cure defaults, then a Chapter 7 may be better, if you meet the income qualifications (most people do). If you are a farmer, Chapter 12 may be for you, and if you have substantial real estate debt, or the debtor is a business entity that wants to reorganize, then Chapter 11 may be the only option. There are a number of other factors that go into this, so as I said, see an experienced bankruptcy lawyer. If you wish to discuss this with us, feel free to call or email.