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I’ve helped a lot of businesses and individuals through bankruptcy. It’s never an ideal situation, but there are times when declaring bankruptcy makes sense—due to unforeseen medical expenses or, in the case of a business, disruptions caused by supply chain problems, labor shortages or a global pandemic. When cash flow becomes a real problem and...

One of the most discouraging aspects of owing significant amount of debt is the constant contact you may experience from debt collectors. While it is reasonable for creditors to attempt to collect debts owed by consumers, it is not appropriate for them to violate the debtor’s rights. You could experience creditor harassment, a type of...

It can be difficult to keep a business afloat during times of economic strife. However, business owners in Virginia have the option to use bankruptcy to their advantage. Rapidly changing retail models often necessitate quick action, and for some, this means turning toward Chapter 11 bankruptcy. What is different about Chapter 11 bankruptcy? Businesses generally...

Having too much debt is more than just a financial problem — it is an emotional problem too. From first realizing that one is no longer to keep up with bills to dodging calls from creditors, the mental load of debt is a significant burden. Those who earn a relatively good wage might even be...

There are many unpleasant consequences to owing a significant amount of debt, including receiving calls from debt collectors. Another way creditors collect on past-due balances is through the wage garnishment process. This involves the employer taking money directly out of your paycheck and sending it to the creditor to go toward the repayment of your...