Monthly Archives: May 2019


The race is on yet again this weekend at the Motor Mile Speedway! On Saturday, June 1, the Giles & Lambert #21 (Outrun Your Debt) car races at the Motor Mile Speedway in Fairlawn, Virginia. Gates open to the public at 5:00 p.m. with the races beginning at 7:00 p.m.

In preparing for Saturday’s race, driver Wayne Corprew traveled to Charlotte this week to get parts needed for adjustments to the car that he hopes will pay off on Saturday. Wayne says that he, “wants to thank Giles & Lambert for all their support for making this possible. [The team is] working really hard to bring home the checkered flag.”

So whether you’re a race fanatic or just looking for something fun to do on Saturday evening, come on out to the Motor Mile Speedway and cheer on the Giles & Lambert #21 car.

Martinsville Office Phones Off-Line this Morning

Good morning!

We want to let you know that our Martinsville office phones will be off-line starting around 10:30 a.m. this morning (5/29/2019) due to an upgrade from the city. We expect the phones to be back online by around 12-12:30 p.m. If you need to reach our office during this time, please call our Roanoke office, and we will be happy to assist you. The number for our Roanoke office is (540) 981-9000.

Budget-Friendly Summer Fun

As the temperature heats up and the remaining days of school wind down, you may be thinking of ways to keep your children (big and small) busy and entertained this summer without breaking the bank.  In the link below you will find all kinds of low cost (and some free) ideas for summer entertainment.  Some of our favorites include making homemade popsicles and enjoying a picnic.

Have fun, money-savvy summer activities you recommend? Share them in the comments below!


Wayne Corprew will be racing in car number 21, sponsored by Giles & Lambert, PC, for the 2019 race season at the Motor Mile Speedway in Fairlawn, Virginia.  Information on race schedules, tickets, and more can be found at

Wayne has been racing cars for approximately 30 years.  He took about a four year break from racing but is excited to return to the track. 

In Wayne’s racing career, he has won a total of five championships, two of which were at the Motor Mile Speedway for the 2009 and 2010 season.  In all, Wayne has won 22 races at the Motor Mile Speedway.  (For those who may not be familiar with racing, drivers accumulate points during a season, and at the end of the racing season, the driver with the most accumulated points is awarded the season championship.) 

The Giles & Lambert #21 car will be racing in the Super Street Class at the Motor Mile Speedway, which is a new racing class at the Motor Mile Speedway. 

We are eager to watch Wayne race this season and hope you will come out to cheer him on! 

Bankruptcy Often Helps Your Credit Score

When a client is ready to file bankruptcy, they are stressed, concerned and nervous. They often do not know what their next step is or how the bankruptcy process works. At Giles & Lambert, PC, we try to provide clear advice on the process so that you are assured of how a bankruptcy works.

Additionally, one service we offer clients through a provider is a credit score analysis of how bankruptcy may help you personally.  We run a credit report for all clients on the day you hire us.  That report will actually show current and predictive post-bankruptcy scores. By using CIN Legal Data Services’ preferred credit reports, we can try to give you peace of mind about the impact of filing.  The majority of folks will find that 12 months after filing their credit score has really improved.

According to CIN, the credit score analysis provided with the report calculates the potential score impact of a Chapter 7 bankruptcy filing. This simulation assumes that three months after filing, except for student loans and mortgages, all debt is discharged. It adds an open, revolving credit card with a $500 credit limit two months after discharge, and then maintains a balance of $300 on that card for 10 months. The final score is calculated one year after the bankruptcy discharge.

Out of clients who hired us last week, the average report estimated scores would increase by about 110 points in a year, and some estimated an increase of more than 150 points. While this does not happen for everyone depending on personal circumstances, it does help let clients know how bankruptcy can improve their financial situation.

Making this report part of our process helps client know they are taking the right steps to resolve debt issues.