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How Does Title Insurance Work?
The title company does a careful search and examination of all recorded documents to determine who currently owns the property, whether it has been properly deeded, and what other parties may have an interest or claim in the property (lien holders or companies who may have an easement over your property, for example).
Learn here: https://www.newdaylegal.com/title-insurance/
Your Escrow, Title, And Settlement Solution – Probably one of the most important investments you will ever make is buying a home, so it’s crucial you have solid legal representation when so much is at stake and one simple error can cost you thousands.
Learn here: https://www.newdaylegal.com/your-escrow-title-and-settlement-solution/
Is It Easier To File For A Chapter 7 As Opposed To A Chapter 13?
Learn here: https://www.newdaylegal.com/is-there-still-a-stigma-associated-with-bankruptcy/
What Sets Your Firm Apart In Handling Bankruptcy Cases?
We care more than any other firm. Period! Since 1989, the motto of this firm has been, “We Help People!” And that is what we’re here to do. We let people know right up front that we are here to help them
Learn here: https://www.newdaylegal.com/how-do-you-determine-which-chapter-of-bankruptcy-is-feasible/
Loan Modification – Counseling You On Loan Modifications
Loan modification is an alternative debt relief method that allows debtors to work directly with their creditors in an attempt to restructure or reduce their loans without filing for bankruptcy
Learn here: https://www.newdaylegal.com/loan-modification/
Foreclosure – Facing The Threat Of Foreclosure?
Are you facing foreclosure? If so, it is important to know that you have options to save your home and your investments.
Learn here: https://www.newdaylegal.com/foreclosure/
Creditor Harassment – Put An End To Creditor Harassment
You should be aware of your rights as a consumer in the United States. Just because you owe money does not mean that you have no legal protection against abuse or harassment from your debt collectors.
Learn here: https://www.newdaylegal.com/creditor-harassment/
Chapter 12 – What Is Chapter 12 Bankruptcy?
Chapter 12 is a very specific type of bankruptcy that is reserved for family farmers and family fishermen. This chapter is designed to assist families who are struggling to make ends meet by allowing them the opportunity to repay their debts through a repayment plan that is approved by the court.
Learn here: https://www.newdaylegal.com/chapter-12/
Chapter 11 – Representation For Your Chapter 11 Bankruptcy
Many believe that a Chapter 11 is only available to businesses. However, under certain circumstances, an individual may not qualify for Chapter 13. For instance, there are debt limitations in a Chapter 13.
Learn here: https://www.newdaylegal.com/chapter-11/
What Sets You And Your Firm Apart In Handling Bankruptcy Cases?
We always say that we care more than anybody else does, and secondly, we always do it right. If there is any problem with the petition, we fix it. Everybody makes mistakes; we have seen mistakes that were made because we did not have clear communication with our clients. If that happens we fix that.
Learn here: https://www.newdaylegal.com/how-does-a-chapter-13-affect-mortgages-or-foreclosures/
Can Creditors Resume Collection Actions If Payments Are Missed Under The Chapter 13 Repayment Plan?
Learn here: https://www.newdaylegal.com/which-chapter-of-bankruptcy-is-better-for-my-credit-score/
What Assets Can Someone Retain In A Chapter 13 Bankruptcy?
In Virginia, we have what is called the “Poor Debtor’s Exemption.” It’s a simple list of things you get to keep and that no one can take away from you, no matter what.
Learn here: https://www.newdaylegal.com/what-are-the-requirements-to-file-for-a-chapter-13-bankruptcy/
What Are The Main Differences Between A Chapter 7 And A Chapter 13 Bankruptcy?
You can think of a Chapter 13 as a debt consolidation repayment plan designed typically to help you stop a foreclosure or repossession so that you can keep your house or your car.
Learn here: https://www.newdaylegal.com/what-actually-is-a-chapter-13-bankruptcy/
The Closing Process In Virginia – Closing the real estate transaction is basically a process undertaken by either your title agent or settlement attorney before we can issue your title policy. There are four basic steps that we follow in every real estate transaction.
Learn here: https://www.newdaylegal.com/the-closing-process-in-virginia/
Timeframe Of Discharge – How Long Does It Take For A Chapter 7 Bankruptcy To Discharge?
Bankruptcy is just a process. Everyone first wants to know how much it costs, and the answer is that the attorney’s fee varies based on the case.
Learn here: https://www.newdaylegal.com/timeframe-of-discharge/
Chapter 7 Exemption Rules – What Are The Chapter 7 Bankruptcy Exemption Rules For Virginia?
Every householder in Virginia has an automatic exemption called a poor debtor’s exemption under Virginia Code Section 34-26. It is simply a list of things that you get to keep regardless of whether you file for bankruptcy.
Learn here: https://www.newdaylegal.com/chapter-7-exemption-rules/
The Requirements For Filing A Chapter 7 Bankruptcy In The State Of Virginia – When Congress enacted the new bankruptcy law on October 17th of 2005, they implemented something called the Means Test. The Means Test has, as its first “test,” if you will, “Do you, that’s you and everyone in your household, do you make more or less than the median income for the state in which you live, dependent upon your household size?” And household size sometimes starts with what we call “heads to beds.”
Learn here: https://www.newdaylegal.com/chapter-7-in-virginia/
Chapter 7 Process – What Is The Process For Filing Chapter 7 Bankruptcy?
Are you considering filing for Chapter 7 bankruptcy? Your first step should be to consult first with experienced Virginia bankruptcy lawyers. We can walk you through every step of the process. We know that this is a stressful time for you and your loved ones, but thankfully, we at New Day Legal can handle your case so that the process runs as smoothly as possible.
Learn here: https://www.newdaylegal.com/chapter-7-process/
What Is The Means Test And How Do I Qualify?
Many clients ask us about the means test and if it is required to be eligible to file for bankruptcy. There are many people who fear the means test because they believe that not passing it will force them to file for Chapter 13 bankruptcy or discount them entirely from being able to file.
At New Day Legal we know that these reasons are not necessarily true. The laws do state that before filing for Chapter 7 bankruptcy, you must demonstrate the need for it and this is done by the means test.
Learn here: https://www.newdaylegal.com/chapter-7-means-test/
The Chapters Of Bankruptcy And Their Benefits – Attorney John Morgan Explains – watch here:
https://vimeo.com/595200484
newdaylegal.com/ John Carter Morgan 98 Alexandria Pike, Suite 10, Warrenton,VA 20186 United States (540) 788-2273 11325 Random Hills Road, Suite 360, Fairfax,…
Creditor Harassment – You should be aware of your rights as a consumer in the United States. Just because you owe money does not mean that you have no legal protection against abuse or harassment from your debt collectors.
Learn here: https://www.newdaylegal.com/practice-icon/creditor-harassment/
Loan Modification – Loan modification is an alternative debt relief method that allows debtors to work directly with their creditors in an attempt to restructure or reduce their loans without filing for bankruptcy.
Learn Here: https://www.newdaylegal.com/practice-icon/loan-modification/
Foreclosure – Are you facing foreclosure? If so, it is important to know that you have options to save your home and your investments.
Learn Here: https://www.newdaylegal.com/practice-icon/foreclosure/
New Day Title – New Day Title is proud to be locally owned and operated and have been providing title insurance for all of your real estate transactions in Virginia. Our secret to success is simple. Creating an excellent workplace translates to excellent service when it comes to getting you and your clients from contract to close and more importantly to the funding.
We coordinate with your lender, conduct the title search, and produce all the relevant documents. All you need to do is sit back and let New Day Title take care of everything. Don’t leave your investment vulnerable, and don’t waste time on cloud clearing! Request Title Insurance today and make sure that your home is fully protected. We provide a high-quality, professional service at accessible rates.
Learn Here: https://www.newdaylegal.com/new-day-title/
What Is Title Insurance?
Title insurance is a unique form of insurance because it protects you against ownership claims against your property. Unlike other types of insurance, your title insurance policy, for a onetime premium paid at closing, provides protection to you and your heirs for as long as you own your house. Title insurance protects you from events that happened in the past: a forgery, forgotten heir, or other claims by third parties who MAY have a right to your property.
Learn Here: https://www.newdaylegal.com/title-insurance/
Your Escrow, Title, And Settlement Solution – Probably one of the most important investments you will ever make is buying a home, so it’s crucial you have solid legal representation when so much is at stake and one simple error can cost you thousands. Whether you are purchasing or selling real estate through a real estate agent or on your own, New Day Legal engages proper safeguards to protect your investment.
Learn Here: https://www.newdaylegal.com/your-escrow-title-and-settlement-solution/
Is There Still A Stigma Associated With Bankruptcy?
More than anything, the credit reporting agencies are showing a lot more respect. I like to share with my clients that I filed for my own bankruptcy in 2001. I was in a transition period and I needed to get out of $52,000 in debt. My credit score was at 670 and I went down to 570. We do not see that happen to anybody anymore.
Learn Here: https://www.newdaylegal.com/is-there-still-a-stigma-associated-with-bankruptcy/
How Do You Determine Which Chapter Of Bankruptcy Is Feasible?
People typically get lots of advice from all the wrong people. They will talk to somebody and then come into my office and say that they need a Chapter 11 bankruptcy. A Chapter 11 is usually for United Airlines or General Motors. I am one of the attorneys who actually handles “personal” Chapter 11’s. They are referred to as “Individual” Chapter 11’s. Those are for a millionaire who wants to sell a house or wants to keep a house. Chapter 12 is for a family farmer or a family fisherman. I have started a couple of those, but they were difficult for my debtors to sustain their plan of repayment. Chapter 12 is for people who derive more than fifty percent of their income from farming or fishing activities. That leaves us with two kinds of bankruptcies that I call Consumer Bankruptcies: Chapter 7 and Chapter 13.
Learn Here: https://www.newdaylegal.com/how-do-you-determine-which-chapter-of-bankruptcy-is-feasible/
Loan Modification – Loan modification is an alternative debt relief method that allows debtors to work directly with their creditors in an attempt to restructure or reduce their loans without filing for bankruptcy. It is important to realize that whether or not you are able to modify your loan is entirely at the discretion of your individual debt collector.
Learn here: https://www.newdaylegal.com/loan-modification/
Facing The Threat Of Foreclosure?
Are you facing foreclosure? If so, it is important to know that you have options to save your home and your investments. At New Day Legal, our Richmond, Fairfax, and Warrenton bankruptcy attorneys understand that this time in your life can be difficult, but with the caring guidance of our team, you may be able to secure a favorable resolution to your situation. In some cases, filing for bankruptcy can actually save your home and stop any foreclosure proceedings that are taking place. If you have been given an eviction notice or you are aware that you are behind on mortgage payments, now is the time to act!
Learn here: https://www.newdaylegal.com/foreclosure/
Creditor Harassment – You should be aware of your rights as a consumer in the United States. Just because you owe money does not mean that you have no legal protection against abuse or harassment from your debt collectors. Federal laws are designed to limit the aggressive actions that creditors can take to collect money from borrowers in the U.S., including the following:
learn here: https://www.newdaylegal.com/creditor-harassment/
What Is Chapter 12 Bankruptcy?
Chapter 12 is a very specific type of bankruptcy that is reserved for family farmers and family fishermen. This chapter is designed to assist families who are struggling to make ends meet by allowing them the opportunity to repay their debts through a repayment plan that is approved by the court.
Learn here: https://www.newdaylegal.com/chapter-12/
Chapter 11 Bankruptcy – Many believe that a Chapter 11 is only available to businesses. However, under certain circumstances, an individual may not qualify for Chapter 13. For instance, there are debt limitations in a Chapter 13. Your unsecured debt cannot exceed $392,725, and your secured debt cannot exceed $1,184,200. In these cases, you can file for Chapter 11 bankruptcy and go into a repayment plan much like Chapter 13. There are no debt limitations in Chapter 11. Also, there is no regular income requirement whatsoever in Chapter 11. A Chapter 11 bankruptcy can be filed for an individual who has no income but has assets that can be voluntarily liquidated through a Chapter 11 repayment plan, and the proceeds can be used to fund the plan. Learn here: https://www.newdaylegal.com/chapter-11/
How Does A Chapter 13 Affect Mortgages Or Foreclosures?
If your house is up for foreclosure, filing a bankruptcy in Virginia is the one and only absolutely surefire way that I know to stop a foreclosure. Virginia is a non-judicial foreclosure state, meaning that the courts do not have any knowledge that the foreclosure is taking place. It is advertised to take place on the front steps of a courthouse, but people inside the courthouse have no knowledge and when you go to the clerk’s office and say, “I need to see my file on my foreclosure,” they are not going to have a file, and they know nothing about it.
Learn here: https://www.newdaylegal.com/how-does-a-chapter-13-affect-mortgages-or-foreclosures/
11325 Random Hills Road, Suite 360
Fairfax, VA
22030
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Law Office of Grace E. Kim, PC
Random Hills Road
Scott R. Sexauer, Attorney at Law
Judicial Drive
Nathan Fisher, Bankruptcy Attorney
Chain Bridge Road
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