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Credit Card Debt Consolidation Help  in Virginia
Call Today: (877) 274-1260
If you successfully complete our program, it’s possible that you’ll enjoy these benefits:
Settle your debts for less than you owe
  (read here for full details about how much you can expect to save)
Resolve your unsecured debts in 18 to 60 months
  (read here for full details on how long our program lasts)
No Up Front Fees - Don't Pay Till You See Results!
Virginia  Debt Relief
Debt settlement, also known as debt negotiation and debt reduction, is the process by which we negotiate and settle a debt for a reduced amount on behalf of a client. When successful, it is possible that Franklin Debt Relief can settle their debts for less than what is owed, all with the convenience of one low program payment. The savings from our debt settlement program can potentially be tremendous versus making your minimum payments, and it is in some cases the cheapest and fastest debt relief, debt consolidation or debt help option available to Virginia consumers.

If you're overwhelmed with credit cards, medical bills, balances from a repossession, or accounts in collections, call for a free consultation: (877) 274-1260.
Pertinent Virginia  Debt Relief and Debt Help Laws
(This is intended to be a helpful and informational debt resource for Virginia consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Virginia.)

Debt Collection

Virgina follows the set of federal laws dealing with collection agencies (and law firms that collect debts) that are collectively known as the Fair Debt Collection Practices Act (FDCPA). For more information on the FDCPA follow this link: debt collection.

Maximum Interest Rate a Collection Agency Can Charge in Virginia: 6%

Virginia Wage Protection: 75% of disposable weekly earnings (after tax income) or 30 times federal hourly minimum wage, whichever is greater

Statute of Limitations

A statute of limitations is a law that sets forth the maximum period of time, after certain events, that legal proceedings based on those events may be initiated. For debt, the statutes of limitation apply to the maximum period of time after a consumer has become delinquent on their payments. The key point to remember is that you are considered delinquent not from the date of your last payment, but rather the day after you have gone past due. In other words, if you made your last payment on 3/3/03 and your next payment was due the same day of the next month, the statute of limitations on the debt would not start running until 4/4/04. The statutes of limitations vary from state to state and depend on the type of debt and where the original transaction took place (i.e. if you took the loan out in Florida but currently live in Virginia, the applicable statutes of limitations would be Florida's.)

Oral Agreements: 3 years
Written Contracts: 5 years
Promissory Notes: 5 years
Open Accounts (credit cards): 3 years

Virginia Bankruptcy Court

200 S. Washington Street
Alexandria, VA 22314-5405
Peninsula Business Center II
11751 Rock Landing Drive
Newport News, VA 23606

U.S. Bankruptcy Court
600 Granby Street, 4th Floor
Norfolk, VA 23510

U.S. Bankruptcy Court
1100 E. Main Street
Room 301
Richmond, VA 23219

United States Bankruptcy Court
210 Church Avenue SW, Room 200
Roanoke, VA 24011

United States Bankruptcy Court
116 N. Main St, Room 223
Harrisonburg, VA 22802

United States Bankruptcy Court
1101 Court St., Room 166
Lynchburg, VA 24504

Bankruptcy Exemptions

Bankruptcy exemptions are protected assets that the bankruptcy code mandates that a debtor is entitled to keep in order to adequately get a "fresh start" after filing. Bankruptcy exemptions vary from state to state, and the following list is the property that is protected in the bankruptcy code of Virginia. For more information, follow this link: bankruptcy exemptions.

Also, Virginia is a tenancy by the entirety state. Click here to learn about what this means if you have debt that's in only one spouse's name.

Real Estate, Auto, Personal Property

-$5000 for home, plus $500 per dependent; rents and profits; sale proceeds exempt to $5000 (spouse and minor child of deceased owner may claim up to $15,000)
-Unused homestead exemption amount to any personal property
-Unused personal property exemptions applied to any property
-$2000 of any property for disabled veterans
-Motor vehicles to $2000
-Clothing to $1000
-Burial plot
-Family portraits and heirlooms to $5000
-Health aids
-Household furnishings to $5000
-Personal injury recoveries and causes of action
-Prepaid tuition
-Spendthrift trust not created by filer
-Wedding and engagement rings


-Accident or sickness benefits
-Burial society benefits
-Cooperative life insurance
-Fraternal benefit society benefits
-Group life insurance policy or proceeds
-Industrial sick benefits
-Life insurance proceeds

Public Benefits

-Aid to blind, aged, disabled and general assistance
-Crime victims' compensation (unless the debtor is filing bankruptcy to discharge a debt incurred from the treatment of an injury sustained during the crime)

-Payments to tobacco farmers
-Unemployment compensation
-Workers' compensation


-ERISA-qualified benefits to $17,500
-City, town, and county employees
-State employees
-State police officers

Tools of Trade

-For farmer, pair of horses, or mules with gear; one wagon or cart, one tractor to $3000; 2 plows and wedges; one drag, harvest cradle, pitchfork, rake; fertilizer to $1000
-Tools, books, instruments of trade, including motor vehicles, to $10,000; needed in your occupation or education
-Uniforms, arms, and equipment of military member


-Property of business partnership

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