Law Office of Virginia E. George, S.C.

Bankruptcy: Frequently asked Questions:

  • Virginia George serves as debtor’s counsel in business and personal bankruptcy under both chapter 7, 11, and 13.

  • Bankruptcy, simply put, is a means to get out from the burden of too much debt, either personal or business. The attorney for the debtor prepares a set of bankruptcy schedules and advises the debtor on the bankruptcy. After the case is filed the court enacts a stay which stops garnishment, foreclosure, replevin and harassment. Chapter 7 provides for discharge of almost all debts without a repayment plan. Chapter 13 provides for a repayment plan to creditors.About 25 days after the case is filed with the court the debtor(s) and I attend a short “hearing” called a meeting of creditors. At this time a bankruptcy trustee asks the debtor questions under oath. A sample list of questions is attached under the form tab of this web page. Shortly thereafter, in most cases, a discharge is issued by the court which frees the debtor from most consumer and business debts. Certain debts are not forgiven/discharged, including most income taxes, 941 withholding taxes and sales and use tax. Most student loans are not forgiven/discharged . If the debtor caused bodily injury because of drunk driving that debt is usually not forgiven/discharged. The debtor’s child support obligations are not discharged.

  • Under the 2005 bankruptcy law it is fairly simple to determine if you qualify to file bankruptcy. Give us a call or look at the chart titled “means test” in the forms section to see if you will qualify. You may be over the median income and still qualify so if your income is higher than the income on the chart call the office.

  • What does it cost? 

Court filing fee is $306.00 for chapter 7. The court offers installment plans to qualified debtors.
The two mandatory education classes cost about $50.00 total, and can be waived if you are indigent.
My legal fee varies between $1,200 and $4,000.00 depending on your situation.
Payment plans are available. We make special arrangements with Veterans and Disabled.

  • Please compare our costs with others: we are efficient, responsive and affordable. To get started call my office at (414) 332-3211 and set up a free, initial, confidential consultation. If possible, bring along your photo id, social security card, pay check stubs or some other proof of your income for the previous 6 months, 3 months of bank statements, car titles and the copy of deed to your house if you own a home. If you want a quote for the legal fee over the phone give us a call. Debtor’s with a simple case are charged a flat fee of $1,200 to $1,500.00. More complicated cases are charged more than $1,500.00 to $2,500.

  • How long does it take?

That is really up to you. If you are ready to go- I am ready to work on your case.