Leading bankruptcy attorneys in the Roanoke area
Vogel & Cromwell, L.L.C. is the place to get help when you need to file for bankruptcy. We have a proven record in handling bankruptcy cases effectively and economically. Our lawyers understand the sensitivity of these matters and help to navigate you through your financial difficulties. We also maintain the highest level of confidentiality.
We safeguard you through the bankruptcy process from beginning to end. Our goal is to get you back on your feet as soon as possible so you can move forward with your life or business.
If there is an alternative to bankruptcy, we will find it. We will determine which route is best for you, for individuals Chapter 7 or Chapter 13 or for businesses, Chapter 7 and Chapter 11.
- Chapter 7—personal liquidation: Here, a wide variety of debts get discharged. A discharge means the successful removal of unsecured debts such as credit card debt, medical bills, most personal loans, some older tax debts, payday loans, and garnishments. Liquidation means most or all of your assets are sold and the proceeds are distributed to your creditors. Some of your assets can be declared exempt and retained, most notably your car and primary residence.
- Chapter 11—business reorganization: This is available to every business, whether organized as a corporation or sole proprietorship, but is most prominently used by corporate entities. It affords the debtor a number of mechanisms to restructure its business.
- Chapter 13—personal reorganization: Reorganization is especially helpful for those who have significant equity in a home, office space, or other property and want to keep it. It is a repayment plan that gives you a protection period from 3-5 years to pay off your debt.
If you are overwhelmed with debt, contact Vogel & Cromwell, L.L.C. to set up a confidential consultation.