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Learn More About Your Bankruptcy Options

Bankruptcy can seem complicated, but there are specific types of bankruptcy to deal with debt in specific ways. Chapter 7 bankruptcy is the most common form of personal bankruptcy and involves the liquidation (or selling off) of your nonexempt assets to pay off your debt. I can explain this process to you and help you understand if you qualify for this form of bankruptcy.

Chapter 13 bankruptcy allows you to pay down your outstanding debt without losing your property. In this process, a debt repayment plan is established to help you make regular payments over the course of a long period of time. The court will use your income and expenses to determine a monthly payment. Call today to learn more.

Chapter 11 bankruptcy is a classification for businesses or for individuals who exceed the personal debt limit. As the most expensive type of bankruptcy, Chapter 11 is best undertaken with the help of an experienced bankruptcy attorney by your side. I will help you evaluate your personal or professional finances before we move forward to file for Chapter 11 bankruptcy.

No matter what type of bankruptcy filing is best for you, my firm will provide you with effective, informative legal guidance. If you are in Prince William County, Loudoun County, or the areas of Fairfax, Manassas, or Arlington, call me at my firm — Vivona Pandurangi, PLC— today and schedule a free consultation at my Falls Church, VA office.