Bankruptcy in Virginia Sevice & Information 1. FAQ & Information at www.bankruptcyinva.com Call us at 703-777-7319 or e-mail mail@dglegal.com for information or to schedule an appointment with one of our bankruptcy attorneys. Download our Bankruptcy Intake Form right now. Overview There are three basic types of bankruptcy. In a Chapter 7 filing, a trustee is appointed to collect and liquidate assets and distribute the proceeds to creditors in accordance with set priorities. In a Chapter 11 the debtor seeks to rehabilitate and reorganize its financial structure. The goal of Chapter 11 is to propose a plan that is accepted by a vote of the creditors. Chapter 13 allows a wage earner to propose a plan to pay his/her creditors in full or in part and provides a more comprehensive discharge than does Chapter 7 also allowing the debtor to retain assets that might be liquidated in a Chapter 7. A bankruptcy case is commenced by the filing of a petition. You must also file a statement of your assets and liabilities and schedules listing your creditors. The property a debtor can keep through the bankruptcy is determined by the exemptions available under Virginia law. In Virginia, a debtor is also allowed to choose federal exemptions instead of state exemptions. Before deciding the appropriate course of action one may wish to explore alternatives to bankruptcy and review our list of frequently asked questions to gain a bettor understanding of the bankruptcy process. Our Bankruptcy Experience We have the ability to assist you via e-mail, fax and consult over the phone if you do not have the time for an in office consultation and need assistance immediately. We work with practiced accountants and bookkeepers to get your entire financial picture straight. This includes giving you personally tailored advice on fixing difficult tax issues and repairing your credit immediately following bankruptcy. In additional to personal bankruptcy, we have conducted complex bankruptcy litigation and are experienced in handling actions including preferences, fraudulent transfers, equitable subordination, and lender liability. We also assist in the orderly liquidation and wind-down of companies and corporations. We represent clients in the sale or acquisition of assets or stock of companies through use of the bankruptcy process. We provide consultation and advice to individauls, corporate counsel and other clients on insolvency and bankruptcy issues arising in medical cases, personal issues and other transactions, including corporate transfers and sales, real estate and commercial transactions, commercial leases, real estate developments, and other such matters, contact us for more information. Our consultation includes:
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