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Virginia Beach Bankruptcy

Best Virginia Beach Bankruptcy Lawyer, foreclosure, garnishment, repossession, Chapter 7, Chapter 13, lawsuit

If you live in Virginia Beach and are struggling financially, you may not be aware of how many people are in the same situation. Every month there are hundreds of foreclosures, garnishments, liens and levies filed in the Virginia Beach court system. In nearly any economy, good or bad, there are those of us that will have difficulties due to job loss, divorce, illness.  For many, bankruptcy is a way out of the day-to-day burden of dealing with debt and a chance for a fresh start and a brighter financial future.

Types of Bankruptcy

Chapter 7 (Elimination of Debt)

Chapter 7 bankruptcy is a permanent elimination of unsecured debt. Chapter 7 bankruptcy is a fast and fairly simple way to have court discharge (forgive) some of your debts. In most cases, all of your property including your house and car can be protected.  Protection of property in a bankruptcy is a complicated process and requires attorney assistance.

Chapter 7 Bankruptcy does not get rid of all debts. Some debts that you still have to pay would include:

  • Student loans
  • Criminal fines
  • Income tax and property tax
  • Alimony
  • Child Support
  • Divorce property settlements

Not everyone qualifies for Chapter 7 bankruptcy in Virginia Beach.  The attorneys at Merna Law pride themselves on a successful track record of qualifying high-income earners to file Chapter 7.  In 2005, the United States government implemented the MEANS TEST as a way of thwarting abuse of the bankruptcy system.  This test has several loop holes and limitations that only an experience bankruptcy attorney can exploit for your benefit.  More on the means test below.

Best Virginia Beach Bankruptcy Lawyer, foreclosure, garnishment, lawsuit, repossession.

Chapter 13 (Reorganization of Debt)

If you do not qualify for Chapter 7, you may qualify for Chapter 13 bankruptcy.

Chapter 13 bankruptcy is a federally supervised reorganization or repayment of all or part of your debt. After completing the standard three to five year repayment period the filer will receive a discharge of debt. Failure to make the regular payments under your payment plan could result in the your bankruptcy case being dismissed.

The “Means Test”

Under the Virginia Beach means test, your recent income is compared to the median income of a similarly sized Virginia household. If your income exceeds the median, the court will look at your disposable income, which is the money you have after paying for necessities like food and housing. If you have too much disposable income, you will not be able to file for Chapter 7.

As of January 2017, the median income for a single-person household in Virginia was $55,735.00. The median income for a four-person household in Virginia was $96,513.

Virginia Bankruptcy Attorney, Richmond, Chesterfield, Midlothian, Mechanicsville, Petersburg, Colonial Heights HopewellThe Right Bankruptcy Attorney

If you are you facing foreclosure or mounting debt with no way out in sight, you are not alone. Thousands of Virginians are in the same situation. The desire to start over with a clean financial slate has prompted you to search for a Virginia Beach bankruptcy lawyer who can offer real answers. John G. Merna was the president of the Tidewater Bankruptcy Bar Association and his firm has been voted “Best Law Firm” six years in a row by the readers of The Virginian Pilot.  He has been providing his Virginia Beach bankruptcy clients uniquely tailored solutions to their individual needs since 2003. His experience as a partner at a prominent bankruptcy law firm in Los Angeles prior to establishing his own practice here in Virginia Beach spawned his philosophy that a Virginia Beach bankruptcy attorney should offer simple and personalized services to clients in need.



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by John G. Merna


 The Merna Law Group, Attorneys At Law, P.C. …debt free!5 Stars! “A friendly staff and outstanding attorney who helped me through a difficult time in my life. Thanks to everyone at the Merna Law Group who helped me move on to and new chapter in my life debt free!” Reviewed by M.F. of Norfolk on Mar 8 . 
 The Merna Law Group, Attorneys At Law, P.C. …overall experience was outstanding!5 Stars! “My husband and I were very happy with The Merna Law Firm. They are well organized, time manageable, and friendly. I was even able to bring my children with me if I needed to. In court, they stayed right there beside us and answered all questions we had. Our overall experience was outstanding and I am glad we were represented by the Merna Law Group.” Reviewed by A.M. of Suffolk on Mar 5 . 
 The Merna Law Group, Attorneys At Law, P.C. …kind and friendly from the start!5 Stars! “Everyone there was kind and friendly from the start and helped us with everything in a timely manner. They were never rude no matter how much we called or asked questions.” Reviewed by B.P. of Virginia Beach on Feb 20 . 
 The Merna Law Group, Attorneys At Law, P.C. …very helpful and friendly!5 Stars! “Everyone at the office was very helpful and friendly. The attorney answered all of our questions and helped us through the entire process. He was also very helpful answering concerns that we had after the process was completed/over. Highly recommended!” Reviewed by M.E. of Virginia Beach on Mar 11 . 
 The Merna Law Group, Attorneys At Law, P.C. Didn’t have to worry about anything!5 Stars! “Just keep providing the type of service you do. You business values are based off reliability and service. Today’s Law Offices just don’t offer that kind of experience. Didn’t have to worry about anything!!! Just being able to go on with my normal life and know that all my issues are well taken care of is a relief in itself.” Reviewed by A.P. of Virginia Beach on Mar 4 .