You don’t have to live with uncontrollable debt.
Vermont bankruptcy laws offer relief and security for those looking to get control of their finances, stay in their homes and get on with their lives.
When filing personal bankruptcy in Vermont, you have two main options: Chapter 7 and Chapter 13. Both are explained here.
For a detailed explanation of these bankruptcy options could work in your situation, fill out the below free bankruptcy case review form to arrange a no-obligation consultation with a Vermont bankruptcy lawyer.
Filing Chapter 7 bankruptcy in Vermont may provide a complete dismissal of any debt that is unsecured. Credit card bills, medical bills and personal loans are all considered unsecured.
In order to file Chapter 7 bankruptcy you need to meet certain income requirements. Speak with a local attorney to see if you qualify.
Chapter 7 bankruptcy may also prevent your home and other possessions from being taken. Vermont’s Chapter 7 bankruptcy exemptions outline property that cannot be sold to pay your debts when you file. In the majority of cases, there is no liquidation sale.
For those who have some regular income, but still owe lots on their homes or cars, then Chapter 13 may be a better option.
Chapter 13 bankruptcy consolidates and orders debts. Sometimes the amount owed is reduced. These debts are locked and this will avoid adding more fees and fines.
Then, over the course of the court-approved repayment plan, you will make a regular monthly payment to a trustee who will handle your creditors. Then, when you’re finished, your debt should be retired and you’ll have a fresh financial start.
Chapter 13 bankruptcy also provide broader property protection provisions than Chapter 7.
If you file bankruptcy, you will probably want to maximize this opportunity and take advantage of all the aid offered.
A Vermont bankruptcy attorney can help you navigate the laws so you can fully realize the potential to eliminate your debt.
If you want to get the protection and debt relief that filing for bankruptcy can provide, contact a local Vermont bankruptcy lawyer today. Simply complete the free case evaluation form, or call, toll free, 877-349-1309 and we’ll connect you with a bankruptcy lawyer in Vermont near you.
Note: Keep in mind bankruptcy laws can be complex. If you need legal advice or want more information about filing bankruptcy in Vermont, please speak with a local Vermont bankruptcy attorney. Laws may have changed since our last update. For the latest information on state bankruptcy laws, speak to a local Vermont bankruptcy lawyer.
PAID ATTORNEY ADVERTISEMENT: THIS WEB SITE IS A GROUP ADVERTISEMENT AND THE PARTICIPATING ATTORNEYS ARE INCLUDED BECAUSE THEY PAY AN ADVERTISING FEE. It is not a lawyer referral service or prepaid legal services plan. Total Bankruptcy is not a law firm. Your request for contact will be forwarded to the local lawyer who has paid to advertise in the ZIP code you provide. Total Bankruptcy does not endorse or recommend any lawyer or law firm who participates in the network nor does it analyze a person's legal situation when determining which participating lawyers receive a person's inquiry. It does not make any representation and has not made any judgment as to the qualifications, expertise or credentials of any participating lawyer. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers. The information contained herein is not legal advice. Any information you submit to Total Bankruptcy does not create an attorney-client relationship and may not be protected by attorney-client privilege. Do not use the form to submit confidential, time-sensitive, or privileged information. All photos are of models and do not depict clients. All case evaluations are performed by participating attorneys. An attorney responsible for the content of this Site is Kevin W. Chern, Esq., licensed in Illinois with offices at 25 East Washington, Suite 400, Chicago, Illinois 60602. To see the attorney in your area who is responsible for this advertisement, please click here, or call 866-200-8052.
FLORIDA ONLY: Total Bankruptcy is considered a lawyer referral service in the state of Florida under the Florida Rules of Professional Conduct. By all other standards, Total Bankruptcy is a group advertisement and not a lawyer referral service.
If you live in Mississippi, Missouri, New York or Wyoming, please click here for additional information.
By an Act of Congress and the President of the United States, we are a federal Debt Relief Agency. Attorneys and/or law firms promoted through this Web site are also federally designated Debt Relief Agencies. They help people file for relief under the U.S. Bankruptcy Code. Disclosures Required Under the U.S. Bankruptcy Code.