Select Page

Richmond, Virginia Beach, Norfolk, Newport News, Chesterfieldby John G. Merna

Nationwide bankruptcy filings decreased 12 percent in April 2015 over April of last year, according to the American Bankruptcy Institute. Total bankruptcy filings in the U.S. for the month of April 2015 were 77,884, down from 88,163 filing in April 2014.

While statistics for the Eastern District of Virginia have not been published for April 2015, a comparison of March 2015 bankruptcy filings against March 2014 show a drop in the Tidewater area, which include Norfolk & Newport News bankruptcy courts, while filings in Richmond have risen.

Bankruptcy Court:       Cases filed 3/2015           Cases filed 3/2014
Norfolk                                   439                                         455
Newport News                      164                                          176
Richmond                              670                                         639

Experts have attributed the declining bankruptcy filing rates to sustained low interest rates, tighter lending policies, and a number of other indicators.

Whether the declining filing rates signal an improving economy is unsure. Many financially strapped debtors are using bankruptcy to cut loose the bad debt now so they can improve their credit score more rapidly and benefit from the recovering economy. Imagine how your life would improve without no debt and a higher credit score both which can be attained through bankruptcy.

If you are strapped with poor credit, unpaid debt, and have been unable to get ahead give us a call for a free bankruptcy consultation to see if you qualify to get a fresh start as we “hopefully” move into an improving economy. Give us a call today at (800)662-8813.

Call us at 800-662-8813 about bankruptcyFill out a financial evaluationChat now about bankruptcySchedule A Free Bankruptcy Consultation - Virginia Beach, Richmond, Newport News

 

 

 

 

 

Connect with us on Merna Law Google +.

Keywords: bankruptcy, Norfolk, Portsmouth, Virginia Beach, Henrico, Hampton, Newport News, Suffolk,

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

 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. …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. 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. …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. …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 .