Blog

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.

Nov. 25, 2024

As you likely know, running a small business comes with numerous challenges. While bankruptcy is often seen as a last resort, there are situations where it might be the most appropriate path forward. In this blog, we'll explore the circumstances under which a small business should consider bankruptcy, the different types of bankruptcy available, and the potential consequences of this decision.

July 29, 2024

Declaring bankruptcy is a major financial decision that could impact your life for a long while afterward. As bankruptcy lawyers, we recommend that you approach bankruptcy thoughtfully after exploring alternative options. That said, before you declare bankruptcy, we suggest you take the following steps to help you determine if this is really the right choice for you.