Virginia BEACH Bankruptcy
Virginia Beach metro population has over 1.7 million residents and includes Norfolk and Newport News, making it the 37th largest metro population in the United States. Add to that 2.5 million tourists each year that visit Virginia Beach beaches and attractions and you have a strong sampling of our country’s citizenry. That means mote than 5,000 individuals that love Virginia Beach and call it home file for bankruptcy protection every year. 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 Virginia Beach 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 Virginia Beach 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 Virginia Beach 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 Virginia Beach 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 Virginia Beach and our surrounding communities get back on their feet as painlessly and quickly as possible.
VIRGINIA BANKRUPTCY 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.