| Bankruptcy courts | 2 districts (Northern, Southern) |
|---|---|
| Bankruptcy exemptions | State exemptions |
| Settlement fees | None until a debt is settled (FTC rule) |
| Free housing counseling | HUD: 800-569-4287 |
Debt settlement in West Virginia
If you have $10,000 or more in credit card, medical or other unsecured debt and can't keep up with the minimums, a settlement company may negotiate with your creditors to accept less than you owe. You save into an account you control, and no fee is charged until a debt is settled. Expect your credit score to drop during the program, and keep in mind that forgiven debt may count as taxable income. How debt settlement works.
Debt consolidation loans in West Virginia
If you're keeping up with payments but paying high interest, a consolidation loan from a lender licensed in West Virginia can replace several balances with one fixed payment. Compare the APR and total cost, not just the monthly payment. How consolidation works.
Personal loans in West Virginia
For a one-time expense, we connect West Virginia residents with licensed lenders and loan marketplaces. Prequalifying usually uses a soft credit check. What to compare.
Bankruptcy in West Virginia
West Virginia has 2 federal bankruptcy court districts: the Northern District and the Southern District of West Virginia. Which one you file in depends on the county where you've lived most of the last 180 days.
West Virginia filers generally use the state's own exemption list rather than the federal list. An attorney can tell you how much home equity, vehicle value and other property is protected.
Chapter 7 can discharge many unsecured debts within months if you pass the means test, which compares your income with the median for a household your size in West Virginia. Chapter 13 sets up a three to five year plan and can stop a foreclosure. The U.S. Trustee Program publishes the current means test figures. We'll connect you with a West Virginia bankruptcy attorney, many of whom offer a free consultation. Chapter 7 vs. Chapter 13.
Mortgage and foreclosure help in West Virginia
If you're behind on your mortgage, call your servicer and ask about a loan modification, forbearance or repayment plan. Federal rules give extra protection when you submit a complete application before a foreclosure sale is scheduled. Free HUD-approved counselors serve West Virginia at 800-569-4287, and if refinancing makes sense, Ibex Capital Mortgage can review your options. How loan modification works.
West Virginia questions
Is debt settlement legal in West Virginia?
Yes. Debt settlement is legal in West Virginia, and settlement companies must follow the FTC's rule against charging fees before settling a debt. We refer West Virginia residents to companies that hold the registrations or licenses the state requires.
How do I file for bankruptcy in West Virginia?
You take an approved credit counseling course, then file a petition in the bankruptcy court for your district. West Virginia has 2 federal bankruptcy court districts: the Northern District and the Southern District of West Virginia. Which one you file in depends on the county where you've lived most of the last 180 days. A local attorney can handle the filing for you.
What can I keep if I file bankruptcy in West Virginia?
West Virginia filers generally use the state's own exemption list rather than the federal list. An attorney can tell you how much home equity, vehicle value and other property is protected.
Can I get help with my mortgage in West Virginia?
Yes. West Virginia homeowners can ask their servicer about a loan modification, forbearance or repayment plan, and can get free help from a HUD-approved housing counselor at 800-569-4287.