Fredericksburg is the Virginia city on the Rappahannock River that is conveniently north of Richmond and south of Washington,, D.C. by about fifty miles in either direction. Fredericksburg is known for its colonial and Civil War history and is home to four famous battlefields. It is even known as the childhood home of President George Washington. Today, Fredericksburg is rich with a diverse populace, families and young professionals and exceptional schools. While people come from all over the world to visit this historic community, nearly 30,000 people live here and is growing. Residents of Chesterfield work in neighboring cities as well as Mary Washington Hospital (MWH) and University of Mary Washington (UMW). For many, financial hardships due to economic downturns such as in 2008 and COVID19 have been felt here. Financial hardships and bankruptcy affect nearly everyone in Virginia, even our military.
Bankruptcy is a legal process that releases people from debts they are no longer able to pay. For Fredericksburg citizens and all US consumers there are two types of bankruptcy, Chapter 7 and Chapter 13. Chapter 7 eliminates (or discharges) most debts without further payment. Some debts such as recent taxes and child support are not dischargeable. Chapter 13 is a restructuring of debt and consolidates all of your debt into a court approved “plan”. Most Fredericksburg consumers who do not own their home or have valuable property file Chapter 7 while homeowners typically file Chapter 13 which allows them to keep their homes while under the court appointed plan.
While it is possible to conduct these legal processes on your own, bankruptcy can be a complicated process and challenging for most people. Individuals in Fredericksburg that are comfortable with legal jargon, forms and court processes are likely candidates for self filing. However, It is better to work with someone to work on your behalf to insure your filing process is efficient and results in a successful discharge of your debt the first time. Merna Law has helped thousands of Fredericksburg and Richmond area residents navigate the process and has free consultations and convenient payment plans. A free phone call with one of our bankruptcy lawyers is a great first step in deciding if your current financial situation would improve as a result of bankruptcy.
We are committed to helping residents of Fredericksburg and surrounding communities get back on their feet as painlessly and quickly as possible.
VIRINGIA BANKRUPCY ATTORNEYS
Merna Law are bankruptcy attorneys in Virginia serving the citizens of Virginia Beach, Newport News, Richmond, Norfolk, Chesapeake, Suffolk, Portsmouth, Hampton, Gloucester, York, Williamsburg, Henrico, Chesterfield, Fredericksburg, Eastern Shore, Petersburg, Hopewell, Franklin, Midlothian, Chester, South Hill, and Emporia.