Petersburg, Virginia may be small with approximately 32,000 residents but what it lacks it size, it makes up for in heart. Located about 21 miles south of south of Richmond, Petersburg grew as a transportation hub and also developed industry. Petersburg had one of the oldest free black settlements in the state at Pocahontas Island. Two churches in the city, whose congregations were founded in the late 18th century, are among the oldest black congregations and churches in the United States. In the 20th century, these and other black churches were leaders in the national Civil Rights Movement of the 1950s-1960s.Petersburg is proud of the city’s historical attractions for heritage tourism as well as industrial sites reachable transportation hubs. The federal government is also a major employer, with nearby Fort Lee, as home of the United States Army‘s Sustainment Center of Excellence, and the Army’s Logistics Branch, Ordnance, Quartermaster, and Transportation Corps. For many, financial hardships due to economic uncertainty and COVID19 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 Petersburg 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 Petersburg 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 Petersburg 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 Petersburg 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 Petersburg 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.