We are one of the few law firms in Virginia offering commercial bankruptcy, including Chapter 11 matters. In addition to providing services to our larger business clients, the Small Business Reorganization Act of 2019 (which became effective February 2020) created a new Subchapter 5 that allows us to provide reorganization services to many small businesses with less than $2,725,625 in total debt.
Business owners are often tied to business obligations because of personal guarantees. When applicable, we provide bankruptcy services under Chapter 7 and Chapter 13.
We also offer bankruptcy litigation services. For example, we initiate adversity proceedings to lift the automatic stay and proceed against debtors who are actively violating trademark and other intellectual property rights.