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Fairfax Bankruptcy and Estate Planning Lawyers

Fairfax Bankruptcy Attorney

Fairfax Bankruptcy Lawyers Protecting The Rights of Consumers

The S&R Law Firm handles consumer bankruptcy matters throughout Virginia. Whether you are filing for Chapter 7 or Chapter 13 bankruptcy, you should consult with an experienced Virginia bankruptcy attorney if you are considering a fresh start. Outstanding debt can become a tremendous financial burden, but by working with a qualified bankruptcy lawyer in Fairfax, you are taking the first step toward a brighter financial future.

If you are unsure whether bankruptcy is appropriate given your current situation, our bankruptcy attorneys will provide a free case assessment. Remember, filing a bankruptcy case helps your situation immediately by stopping pending foreclosures, garnishments, and outstanding collections. In some cases, depending on your circumstances, non-bankruptcy alternatives might make more sense. The purpose of our initial screening is to have a Virginia bankruptcy attorney assess your individual situation and give you a sense of the best plan for you.

Types of Bankruptcy

Bankruptcy starts when a debtor files a petition with the bankruptcy court. This petition can be filed by an individual debtor, spouses who are in debt, or businesses. There are various types of bankruptcies that could be right for any given situation, though chapter 7 is most frequently filed. Once you file your bankruptcy case in court, you can begin taking steps to get your debt discharged. How this works will differ depending on the type of bankruptcy you file.

Chapter 7

Individuals who qualify for chapter 7 bankruptcy can quickly wipe out many of their debts in just three to four months, leaving them with a clean financial slate. Chapter 7 bankruptcy can eliminate many common unsecured debts such as credit cards, medical debts, and personal loans. During chapter 7 bankruptcy, it is possible to retain your car or home by keeping up on payments. S&R Law Firm can help with these issues and many more during a free review.

Chapter 13

Chapter 13 bankruptcy is best suited for those with assets they absolutely do not want to lose. Under chapter 13, debtors are put on a payment plan which allows them to pay off a small percentage of their debt over time (usually 3 to 5 years) without losing assets. Chapter 13 is best for people with steady jobs and income. Our Fairfax bankruptcy lawyers can tell you more about whether this type of bankruptcy is right for you during your case review.

Student Loan Debt

Student loan debt is an enormous burden for many individuals. But unfortunately, most student loan debt cannot be discharged if you file for bankruptcy. However, if you have private (rather than Federal) student loans, the attorneys at S&R Law Firm can negotiate with your student loan lenders to significantly reduce both interest and the principal (total amount) you owe. By the end of the process, a borrower often pays only a small percentage of their original balance, and the rest of their debt is forgiven.

Other Debt

Depending on the types of other debt you have, our Virginia bankruptcy attorneys may be able to help. In some cases, there are ways to discharge or reduce debt without filing for bankruptcy. Once you visit us for a case review, we can tell you more about these individualized options that can help free you from the burden of your debt.

Fairfax Attorney Experienced in Estate Planning, Probate, and Other Legal Matters

At S&R Law Firm, our goal as Fairfax estate planning lawyers is to help individuals plan for the future. While estate planning might sound complicated, it is essential to protect your valued possessions. Once you have a strong estate plan in place, you will have peace of mind in knowing your assets go to the right people. Estate planning attorney Benjamin Schaefer provides his clients with the ability to have their estates administered quickly and efficiently. Our trusts and estates office is conveniently located in Fairfax City, across the street from the Fairfax County Courthouse. We serve neighboring jurisdictions such as Arlington, Falls Church, Loudoun, Prince William, Vienna, Herndon, Alexandria, Manassas, and more.

By consulting with a knowledgeable and experienced estate planning attorney in Fairfax before drawing up your estate plan, you can avoid legal complications down the road. Even if you do not have a large estate, you should have the ultimate say in the administration of your property, goods, and assets. An attorney can help you create a clear and comprehensive will, power of attorney, advance medical directive, and a health care directive.

Because Benjamin Schaefer oversees real estate closings and manages a title company, he can also provide information regarding the transfer of business and residential ownerships, with an aim to minimize tax consequences.

Contact the S&R Law Firm today to find out how we can help protect you, your family, and your assets.

What a Fairfax County Estate Planning Attorney Will do to Help

Working with a trusted estate planning attorney can make the estate planning process significantly clearer while letting you know that you are making sound decisions about your assets and future health care.

Wills

A will is the most well-known estate planning documents for a reason. It is one of the most important documents you can have when you want to protect your family, loved ones, and property in the case of your death. A will allows you to perform a wide range of actions, including leaving your property to individuals or organizations, designating a personal guardian for minor children, name an executor to carry out the terms of your will, and more. Each will we create at S&R Law Firm is unique to the individual, and complex situations often arise, so it is often in your best interest to work with an attorney.

Revocable Living Trusts Versus Irrevocable Living Trusts

A revocable living trust provides individuals with the ability to transfer assets in advance of their death. This provides ample flexibility: an individual can maintain control and use their assets until death. Upon death, their assets will transfer to designated beneficiaries. Revocable living trusts provide significant flexibility because they allow you to change them as your wishes or circumstances change.

Irrevocable living trusts, on the other hand, prevent you from making changes to the trust. Once an asset is added, a grantor cannot revoke it: they no longer own the assets. This type of trust has several tax benefits as the trust’s assets are removed from the taxable estate.

Our Fairfax estate planning attorney can help you decide which option is best for you. We can talk more with you about which options are best for your situation during a review of your case.

Power of Attorney and Medical Directives

A Virginia durable power of attorney is another important part of planning for your future. This legal document appoints an individual you trust to make financial and/or health care decisions for you in case something happens that prevents you from handling these decisions on your own.

Our estate planning attorneys are knowledgeable and experienced in helping individuals draw up a power of attorney that is right for their situation. We can assist you in creating an advance medical directive and/or a health care directive to ensure that your health care decisions are handled exactly as you would wish them to be.

Get in Touch With a Fairfax County Estate Planning Lawyer

Regardless of the type of estate planning services you need, S&R Law Firm is here to help. From wills and trusts to advance medical directives and full estate plans, we will provide you with personalized attention to ensure that your estate plan is right for your individual needs. To find out more, get in touch with us for a free consultation at 703.273.6431.

Contact a Fairfax Bankruptcy Attorney

Regardless of the type of debt you have, S&R Law Firm is here to help you take action so you can move forward with your financial future. To tell us more about your situation, get in touch with us at 703.273.6431.

Meet the Attorney
Picture of Benjamin Schaefer
Benjamin Schaefer

Ben Schaefer is an attorney and title agent. After focusing his studies on business law in school, Mr. Schaefer began his career working with the Securities and Exchange Commission in Washington, D.C., and afterward spent several years in private practice as a litigator. He has had several recent high-profile legal victories, including an appeal to Virginia's Court of Appeals, which he won on a previously uncited legal argument.

Client Reviews
★★★★★
"I will recommend Nova Defenders, S&R Law Firm any day because they are the best and at getting you the best outcome. They always have your best interest at heart. Lawyer Ben Schaefer really handled handled my case with absolute care and professionalism from day one. Thank you" - Ken W.
★★★★★
"I strongly recommend you work with Ben Schaefer and the S&R Law Firm. Ben clearly has a lot of experience in what he does and does really well in working with clients. The entire group is professional, sharp and responsive. HIGHLY recommended!" - Ankita S.
★★★★★
"The best law firm ever to be in. They treat you so well that they care and I would comfortably tell someone to go there. This firm is one that i would hire in a heart beat whenever i need representation. Very respectful , professional, honest, down to earth and most of all caring." - Bob O.
Contact Us
  1. 1Free Consultation
  2. 2Over 25 Years of Combined Experience
  3. 3Personable & Knowledgeable Representation

Fill out the contact form or call us at 703.273.6431 to schedule your free consultation.