Blog

Aug. 28, 2025

Financial hardships can strike anyone, and when they do, bankruptcy might offer the relief you need. However, choosing the right bankruptcy chapter isn't always straightforward—and sometimes, your initial choice might not work out as planned.

Aug. 9, 2025

When a business files for Chapter 11 bankruptcy, the financial stakes are often high for creditors. Often seen as a path to reorganizing debts and rejuvenating a struggling enterprise, Chapter 11 provides creditors with opportunities to influence the outcome. A vital mechanism for doing so is through the formation of creditor committees.

June 30, 2025

If you're considering Chapter 7 bankruptcy to resolve your financial challenges, it's essential to understand which assets are protected (or exempt) under Virginia law. While Chapter 7 bankruptcy can eliminate many debts, not all assets qualify for exemption. Knowing what disqualifies certain assets from Chapter 7 exemptions can help you avoid surprises.

May 23, 2025

When a business declares bankruptcy, creditors are often thrust into a maze of legal complications. Among the most common - and often unexpected - hurdles are preference claims, which can leave creditors feeling caught off guard and uncertain about their next steps.

April 24, 2025

Chapter 13 bankruptcy can help individuals restructure and repay their debts while retaining their property. However, to successfully complete Chapter 13 bankruptcy, you will need exhibit good faith with your repayment plan.

April 8, 2025

For small business owners, bankruptcy can bring an overwhelming sense of uncertainty. The process is fraught with legal complications; the timing of your decision can significantly impact your financial future.

Feb. 20, 2025

Filing for Chapter 13 bankruptcy can be confusing if you happen to own investment properties. Without legal guidance, it’s hard to determine how your rental homes, commercial units, or other investment properties will be affected by repayment plans, court requirements, and creditor concerns.

Feb. 5, 2025

If you're a business owner considering filing for Chapter 11 bankruptcy, safeguarding your assets should be high on your priority list. Filing for Chapter 11 allows you to restructure your business and create a plan to repay creditors while staying operational.

Dec. 26, 2024

Creditors in Virginia face numerous obstacles when trying to recover debts or enforce their rights. Whether you're a small business owner looking to recover payments or a lender dealing with delinquent accounts, understanding the legal protections available can save you time, money, and stress.

Dec. 26, 2024

At Vivona Pandurangi, PLC, many of our clients worry that their Chapter 7 bankruptcy filing could affect those who co-signed loans with them. If you're in this situation, you should know that while Chapter 7 bankruptcy can discharge many of your financial obligations and offer a clean slate, it doesn’t necessarily relieve co-signers of their responsibility.