One of the oldest counties of the Hampton Roads area is Gloucester. Formed from York County in 1651, this region has been inhabited for thousands of years by native Americans as far back as c. AD 1000. the county was developed by colonist primarily for tobacco plantations. Because it is bordered on the south by the York river and the Chesapeake Bay on the east, fishing became on of its leading industries. Today, more than 36,000 Virginians call Gloucester home. A short trip over the The George P. Coleman Memorial Bridge and visitors can see why Gloucester is steadily growing. The Virginia Institute of Marine Science is based in Gloucester Point. VIMS is the College of William & Mary‘s Marine Science post-graduate school. For many of its 16,000 households, financial hardships due to economic uncertainty and COVI19 have been felt. Financial hardships and bankruptcy affect nearly everyone in Virginia, including our military.
Bankruptcy is a legal process that releases people from debts they are no longer able to pay. For Gloucester 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 Gloucester 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 Gloucester 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 Gloucester and peninsula 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 Gloucester and our surrounding communities get back on their feet as painlessly and quickly as possible.