In Virginia, knowing when to file bankruptcy can be difficult.
Many people file bankruptcy too early, fall back into debt,
and are at the mercy of their creditors for years and years.
Two nonprofit civil legal aid organizations have come together to offer Virginians an online guide to understand personal bankruptcy based on their unique circumstances. The guide is in the form of a confidential online interview. Your personal information is not collected or provided to anyone when you complete the interview. It is only used to offer you a set of recommendations as to whether you should or should not file for bankruptcy now.
1. What type of resource is this?
This is a free, self-help resource provided to Virginians. This resource has been prepared for general information purposes only. The information on this website is not legal advice and is not a substitute for the advice of an attorney.
2. What information will I need to use this program?
1. Your five largest debts, including the type of debt and how much you owe
2. Your source and amount of income
3. Your source and amount of money in checking and savings accounts
4. Your other assets on deposit
5. Property you own free and clear
6. Property you are buying on credit, including how much it is worth and how much you owe on it.
3. How long is the interview?
The interview will take about 35 to 45 minutes to complete. There is a maximum of 142 questions. You will not necessarily be asked all of the questions, depending on how you answer the initial ones.
4. Does this program file a bankruptcy for me?
Please remember that this program does not file a bankruptcy for you. This program will only review the information you provided and explain the factors for, and against, filing bankruptcy at this time.
5. How many types of bankruptcy are there?
There are two types of personal bankruptcy, meaning bankruptcy that applies to people not in association with a business. Learn more by taking the interview!
6. What will I get after taking the interview?
The program will produce a worksheet with all of the information you provided. It will not produce forms that you can use to file bankruptcy.
7. What should I do next after taking the interview?
Please consult with a bankruptcy attorney, or if you qualify for assistance, your local civil legal aid program, before making any final decisions on whether to file bankruptcy.
8. Can I use this program if I have a currently ongoing a bankruptcy case?
Do not use this program if you have a currently ongoing bankruptcy case.
9. Is the interview useful for other states besides Virginia?
No. The law may vary from state to state, and some information on this website may not be correct for your jurisdiction. To use this program you must be a Virginia resident, meaning that you have lived in Virginia for at least 91 of the past 180 days.
10. Will the interview provide access to an attorney?
No. This program does not create an attorney-client relationship.
© 2020 Central Virginia Legal Aid Society
The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. The users of the website should contact their attorney to obtain advice with respect to filing bankruptcy. Use of, and access to, this website or any of the links or resources contained within the site does not create an attorney-client relationship with the reader or user.