Bankruptcy

Personal Debt Relief • Business Reorganization • Creditor Representation

Overwhelmed by debt and credit problems? Are you in danger of losing your home to foreclosure? Spinella, Owings & Shaia, P.C. can help you get temporary relief from creditors or debts. We handle personal bankruptcy and business bankruptcy, or represent the interests of creditors in bankruptcy proceedings.

Yes, You Can Still File for Bankruptcy

Despite changes in the law, most people still qualify for debt relief through bankruptcy. Attorney Harry Shaia has helped hundreds of wage earners, small business owners, partnerships and corporations get a reprieve. Contact us today. With an office in Richmond, we serve the metro area and northern Virginia.

  • Chapter 7 Bankruptcy — If you qualify under the income means test, unsecured debts such as credit card balances, medical bills, certain back taxes and judgments can be discharged under Chapter 7 liquidation. Most clients are able to keep their home, car, retirement savings and personal possessions.
  • Chapter 13 Bankruptcy — If your mortgage is in default, or if your income exceeds the Chapter 7 threshold, it is still possible to get immediate relief. Under Chapter 13 reorganization, foreclosure and repossession are halted and creditors must stop all actions. You will repay a portion of your debts over 3 to 5 years, based on ability to pay.
  • Chapter 11 Business Bankruptcy — Similar to Chapter 13 for individuals, businesses can get relief while restructuring and formulating a plan to repay creditors over time. We can help business owners assess whether the company is viable or should be liquidated.

Harry Shaia has practiced law in Virginia since 1953. He serves as a Chapter 7 trustee, an appointment recognizing both his knowledge of bankruptcy law and professional ethics. Mr. Shaia can advise clients on dischargeable debts, exemptions and the criteria for Chapter 7 protection, so that there are no surprises when the petition is actually filed.

Call our office to arrange a consultation about consumer bankruptcy, business bankruptcy or creditor representation.