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Newport News Bankruptcy Filings Drop

Newport News Bankruptcy Filings Down

 

By John G. Merna

Peninsula consumer bankruptcy filings in the Newport News Bankruptcy Court have dropped 8 percent in the first quarter of 2013 over  the same time last year.

What does that mean?  Are things getting better in Newport News and surrounding areas? Is the recession over?  Or have people just forgotten how to file bankruptcy? If bankruptcy filings are a sign, indications are that the economy is getting better.

From January to March 2013, 290 Chapter 7 bankruptcy cases were filed in the Newport News bankruptcy court and 188 Chapter 13 bankruptcy cases were filed.  Last year at the same time 336 Chapter 7 bankruptcy cases and 184 Chapter 13 cases were filed in the Newport News Division of the Eastern District of Virginia Bankruptcy Court.  This does not include Chapter 11 bankruptcy filings which are a reorganization for companies and large debt holders.

The Newport News bankruptcy court is located downtown 2400 West Avenue, Suite 110.  The bankruptcy courthouse is new and was previously located on the second floor of the old post office building on 101 25th Street, Newport News.  The two federal bankruptcy judges, Chief Judge Stephen St. John and Judge Frank J. Santoro, split their time between hearing cases in the Norfolk bankruptcy court and the Newport News bankruptcy court.

The Newport News Bankruptcy Division covers the following cities and counties: Newport News, Hampton, Poquoson, Yorktown, Williamsburg, Gloucester,  Hayes, Matthew and  James City Counties.

The economic recovery on the Peninsula can in many ways be attributed to the military presence and government funds helping the economy.

CONSIDERING A BANKRUPTCY? GIVE US A CALL OR SCHEDULE A FREE CONSULTATION ONLINE BY CLICKING HERE.

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REQUIRED BAR NOTICE: THESE TESTIMONIALS DO NOT GUARANTEE SIMILAR RESULTS.

 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. 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 . 
 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. …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 .