Like Virginia Beach, Williamsburg has millions of visitors and its economy is largely is based on tourism. What is unique to this Hampton Roads city is the mix of colonial history, institutions and modern attractions. Home to not only Colonial Williamsburg, it is also home to Busch Gardens, Water Country USA. Industry is also found in Williamsburg such as Anheuser-Busch and Williamsburg Pottery Factory. The College of William & Mary, the second-oldest higher education institution in the United States, is home to some 9,000 students. Williamsburg has a population of approximately 15,000 people which has doubled in the last fifty years. For many of its households, 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 Williamsburg 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 Williamsburg 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 Williamsburg 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 Williamsburg 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 Williamsburg 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.