Bankruptcy Blog
Chapter 7 vs. Chapter 13 Bankruptcy — Which Is Right for You in Virginia?
Quick Answer Chapter 7 eliminates most unsecured debt permanently in four to six months — right for people who qualify by income and want the fastest resolution. Chapter 13 restructures debt into a three-to-five year repayment plan — right for people who are...
Five Amazing Facts About Bankruptcy
By John G. Merna, Esq. Bankruptcy is more powerful than most people realize. In fact, it is one of the most misunderstood legal tools available to Virginia families. Here are five facts that might surprise you. 1. You Can Buy a Home Just Two Years After Bankruptcy...
5 Reasons Bankruptcy is the cheapest & fastest Way to rebuild credit
by John G. Merna WHy Bankruptcy Will Get your credit back on track fast. If you are like most people, you have some beliefs about bankruptcy. The word "bankruptcy" in print or spoken elicits a response. Generally, a negative one. The word can conjure bad thoughts,...
Behind on Car Loan? Delinquencies Hit Record High.
By John G. Merna, Esq. Sub-prime car loan delinquencies have reached their highest level since 2007. That is according to Bankrate.com. In fact, as many consumers are behind on car loans today as when we entered the 2008–2009 Recession. Fixed-income and lower-income...
Five Summer Savings Tips to Keep Your Wallet from Getting Sunburned.
by John G. Merna Summer may not seem any different from the rest of the year when it comes to debt except for the rising temperatures, however, the heat brings with it financial challenges that can set you back. Here are some savings tips that might make keep...
How to Financially Survive The Summer!
by John G. Merna Anyone with a child can tell you that summers bring expenses and financial pressures. There are the childcare costs if you are working, camp costs to keep your children engaged, vacation pressures and costs, etc. Most of you are already are experts at...