West Virginia Chapter 13 Bankruptcy

When creditors are calling but you cannot repay your debts, it may be time to consider bankruptcy.  The federal bankruptcy code provides for different types of bankruptcy relief, each with its own unique requirements.

Gianola Barnum Wigal & London L.C. is a debt relief agency, and we help our clients file for debt relief under the Bankruptcy Code.  Do not be misled by debt consolidation or debt collection agencies that state you do not qualify for bankruptcy.  We explain common sense actions you can take to start rebuilding your credit today.

Making WV bankruptcy laws work for you

The first step is to determine if you qualify for filing bankruptcy in WV under Chapter 7, which involves the liquidation of most or all of your personal assets to pay what you owe your creditors.  Liquidation converts assets, such as your jewelry and investments, to cash—which is used to pay off your debts.

To qualify for Chapter 7, your monthly household income must be less than the West Virginia median income for a household of your size.  But if it is more, you may need to consider Chapter 13 bankruptcy, a repayment plan for those earning more than the state median income. Typical Chapter 13 filers have equity in a home or other property as well as regular income.  While they can pay basic living expenses, their income does not allow them to stay current on their scheduled debt payments.

West Virginia bankruptcy law provides debt relief

With our understanding of bankruptcy laws in WV, we can propose a debt repayment plan that enables you to pay back your creditors over a period of three to five years.  With Chapter 13, you will be able to keep most of your property, and your payments may be paid to a bankruptcy trustee for distribution to your creditors.

Since we also have experience in complementary legal practice areas, such as tax and estate planning, business law, and real estate, as well as divorce and family law, our attorneys can help you with virtually all aspects of your bankruptcy filing and explain how it will likely impact other areas of your financial life.

Contact us today

If you are looking for bankruptcy attorneys in West Virginia, Gianola Barnum Wigal & London L.C. welcomes the opportunity to help you, your family, or business with the bankruptcy filing process. Your source if you are in search of West Virginia personal injury lawyers and West Virginia auto accident lawyers. Please contact us online today to arrange for your free, initial consultation.