Bankruptcy

At Tesler and Werblood, attorneys at law in Falls Church, Virginia, we provide consumer law services by helping you file bankruptcy either for your business or for yourself. We provide advice and guidance on the best course of action to take based on your financial situation.

For a commercial bankruptcy, we can help protect your business from creditors, help you clear loans, and request time to restructure your business during the Chapter 7 or Chapter 11 bankruptcy process. For a personal bankruptcy, we will handle creditors for you, help you clear debt, and set up a payment plan through Chapter 7 or Chapter 13 bankruptcy. In Virginia, you must receive credit counseling from an agency approved by the Bankruptcy Administrator within six months before you file for bankruptcy. After you file, you will be required to take a debtor education course so your debt can be discharged.

At Tesler and Werblood, our experienced attorneys are familiar with Virginia bankruptcy law, including exemptions. If filing for Chapter 7 bankruptcy, you need to know which property you can keep. If filing for Chapter 13, you will have to find out the amount you must repay creditors. You will have to complete several forms containing details about your financial situation. Bankruptcy relief has been part of federal law in our country since shortly after the U.S. Constitution was enacted. It is meant to give people a chance to get out from under crushing debt burdens and make a fresh start. We can file a bankruptcy for you and handle it from start to finish to help you reach that goal.