Bankruptcy in Virginia – Credit after Bankruptcy

What’s The Worst Thing That Usually Happens? There is no truth to the urban legend that you have to go for seven years with bad credit after filing bankruptcy. Bankruptcy will be on your credit report for 10 years, but even so you can have good credit in just three...

Chapter 7 Bankruptcy: Why is this so hard?

In 2005, Congress made the biggest change since 1898 in the bankruptcy law. The banks persuaded Congress that lots of people were abusing the bankruptcy system. The purpose of the 2005 bankruptcy law was to force more people into five year repayment plans through...

Bankruptcy & Security Clearance Issues

What About My Security Clearance? I’ve done bankruptcies for hundreds of people who have security clearances. Some of them were told by their security people that they would lose their clearance unless they filed bankruptcy. Having trouble paying your debts can be...