Bankruptcy laws have existed for a long time. Bankruptcy* allows honest people who can no longer afford to pay all their debts the opportunity to have a fresh start. Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), in many cases the person or persons filing, called the "Debtor", will be able to keep their possessions. Many Debtors are also able to retain and continue to make payments on homes, cars, and other needed personal items that are financed.
There are many reasons people must seek protection from creditors by filing for bankruptcy protection. Among the reasons are reductions in income, job layoffs, business failures, illnesses, marriage or relationship break-ups, large medical bills, unexpected emergencies, and those cases where our clients have been paying for a long time on high interest rate credit card accounts without progress, or a combination of these factors. Over the years I have noted that in nearly every case, our clients are good, hardworking, and honest people who have had something upset their financial stability, and cause them to seek relief.
John Bevis is a member of the National Association of Consumer Bankruptcy Attorneys, the Northern Virginia Bankruptcy Bar Association, the Virginia College of Criminal Defense Attorneys, and participates as a member of the bankruptcy and criminal law practice sections of the Virginia Bar. He devotes considerable time to pro bono activities for Legal Services of Northern Virginia and to Opportunities, Alternatives, and Resources, a community non-profit organization that, in connection with the Fairfax County Courts, administers a wide variety of community service programs and educational services for ex-offenders and their families.