Henrico County Bankruptcy
The county of Henrico curves around the city of Richmond, Virginia to the west, north and south. Bounded on the Chickahominy River to the north and the James River to the south, it is one of the oldest US cities. Richmond itself was once actually a part of Henrico County. Today, residents work in a number of industries such as Capital One, Bon Secours Richmond Health System, and Anthem. Henrico has its share of tourist attractions as well including the Richmond Raceway which hosts two NASCAR double header races each year. Henrico has a population of over 300,000 residents in over 127,000 households. For many, financial hardships due to economic uncertainty and COVI19 have been felt. 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 Henrico 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 Henrico County 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 Henrico 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 Henrico County 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 Henrico 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.