Top Fairfax, VA Business Bankruptcy Lawyers Near You

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    Kumar Prabhu Patel & Banerjee LLC

    Business Bankruptcy Lawyers | Gainesville Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | Gainesville Office | Serving Fairfax, VA

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    Andrews, Bongar, Gormley & Clagett

    Business Bankruptcy Lawyers | Waldorf Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | Waldorf Office | Serving Fairfax, VA

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    King & Spalding LLP

    Business Bankruptcy Lawyers | McLean Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | McLean Office | Serving Fairfax, VA

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    Wilson, Elser, Moskowitz, Edelman & Dicker LLP

    Business Bankruptcy Lawyers | McLean Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | McLean Office | Serving Fairfax, VA

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    The Burger Law Firm

    Business Bankruptcy Lawyers | McLean Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | McLean Office | Serving Fairfax, VA

  • Campbell Flannery, P.C.

    Business Bankruptcy Lawyers | Leesburg Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | Leesburg Office | Serving Fairfax, VA

  • Gordon Rees Scully Mansukhani, LLP

    Business Bankruptcy Lawyers | Alexandria Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | Alexandria Office | Serving Fairfax, VA

  • Wade, Grimes, Friedman, Meinken & Leischner, PLLC

    Business Bankruptcy Lawyers | Alexandria Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | Alexandria Office | Serving Fairfax, VA

  • Wade, Grimes, Friedman, Meinken & Leischner, PLLC

    Business Bankruptcy Lawyers | Alexandria Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | Alexandria Office | Serving Fairfax, VA

  • JR KASMAN, PLLC

    Business Bankruptcy Lawyers | Washington Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | Washington Office | Serving Fairfax, VA

  • Attorney at Law

    Business Bankruptcy Lawyers | Alexandria Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | Alexandria Office | Serving Fairfax, VA

  • Akman & Associates, LLC

    Business Bankruptcy Lawyers | Alexandria Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | Alexandria Office | Serving Fairfax, VA

  • Woehrle Dahlberg Yao, PLLC

    Business Bankruptcy Lawyers | Fairfax Office

    Business Bankruptcy Lawyers | Fairfax Office

  • McNamee, Hosea, Jernigan, Kim, Greenan & Lynch, P.A.

    Business Bankruptcy Lawyers | Alexandria Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | Alexandria Office | Serving Fairfax, VA

  • Dentons US LLP

    Business Bankruptcy Lawyers | McLean Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | McLean Office | Serving Fairfax, VA

  • Greenwood Law Firm PC

    Business Bankruptcy Lawyers | Fredericksburg Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | Fredericksburg Office | Serving Fairfax, VA

  • Miles & Stockbridge P.C.

    Business Bankruptcy Lawyers | McLean Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | McLean Office | Serving Fairfax, VA

  • Karen M. Kennedy & Associates, P.L.C.

    Business Bankruptcy Lawyers | Warrenton Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | Warrenton Office | Serving Fairfax, VA

  • Solan Alzamora, PLLC

    Business Bankruptcy Lawyers | Fairfax Office

    Business Bankruptcy Lawyers | Fairfax Office

  • Moreton & Edrington, P.L.C.

    Business Bankruptcy Lawyers | Herndon Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | Herndon Office | Serving Fairfax, VA

  • Hunton Andrews Kurth LLP

    Business Bankruptcy Lawyers | Tysons Corner Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | Tysons Corner Office | Serving Fairfax, VA

  • Law Office of John T. Donelan

    Business Bankruptcy Lawyers | Alexandria Office | Serving Fairfax, VA

    Business Bankruptcy Lawyers | Alexandria Office | Serving Fairfax, VA

  • Yoon Law Firm, PLLC

    Business Bankruptcy Lawyers | Fairfax Office

    Business Bankruptcy Lawyers | Fairfax Office

Fairfax Business Bankruptcy Information

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Lead Counsel Verified Attorneys In Fairfax

Lead Counsel independently verifies Business Bankruptcy attorneys in Fairfax by conferring with Virginia bar associations and conducting annual reviews to confirm that an attorney practices in their advertised practice areas and possesses a valid bar license for the appropriate jurisdictions.

Find a Business Bankruptcy Attorney near Fairfax

Business Bankruptcy

A Fairfax Business Bankruptcy can be a great option if your business is unable to meet its financial obligations and is looking to either restructure debt obligations or liquidate assets. Depending on your company’s current financial position, one or both strategies may be an option.

Business Bankruptcy Options

Provided the bankruptcy is not involuntary, your Business Bankruptcy Attorney may recommend either a Chapter 11 (“reorganization”), or chapter 7 (“liquidation”) bankruptcy to deal with your company’s financial issues.

A Chapter 11 allows a business to reorganize debts and pay off creditor’s over a period of time up to five years. A Chapter 7 liquidation forces the company to literally liquidate all assets, pay off creditors, and ultimately, stop operating. This is typically the least desirable option that your Business Bankruptcy Attorney will try to help you avoid.

How an Attorney Can Help

An attorney can often resolve your particular legal issue faster and better than trying to do it alone. A lawyer can help you navigate the legal system, while avoiding costly mistakes or procedural errors. You should seek out an attorney whose practice focuses on the area of law most relevant to your issue.

How to Prepare for Your Initial Consultation

Prepare for your consultation by writing down notes of your understanding of the case, jot down questions and concerns for the attorney, and gather your documents. Remember that you are trying to get a sense of whether the attorney has your trust and can help you address your legal issues. Questions should include how the attorney intends to resolve your issue, how many years he/she has been practicing law and specifically practicing in your area, as well as how many cases similar to yours the attorney has handled. It can also be helpful to broach the subject of fees so that you understand the likely cost and structure of your representation by a specific attorney and/or legal team.

Types of legal fees:

Bill by the hour: Many attorneys bill by the hour. How much an attorney bills you per hour will vary based on a number of factors. For instance, an attorney’s hourly fee may fluctuate based on whether that hour is spent representing you in court or doing research on your case. Attorneys in one practice area may bill you more than attorneys in a different practice area.

Contingent fee: Some lawyers will accept payment via contingent fee. In this arrangement, the lawyer receives a percentage of the total monetary recovery if you win your lawsuit. In sum, the lawyer only gets paid if you win. Contingent fee agreements are limited to specific practice areas in civil law.

Flat fee: For “routine” legal work where the attorney generally knows the amount of time and resources necessary to complete the task, he/she may be willing to bill you a flat fee for services performed.

Common legal terms explained

Pro se – This Latin term refers to representing yourself in court instead of hiring professional legal counsel. Pro se representation can occur in either criminal or civil cases.

Statute – Refers to a law created by a legislative body. For example, the laws enacted by Congress are statutes.

Subject matter jurisdiction – Requirement that a particular court have authority to hear the claim based on the specific type of issue brought to the court. For example, the U.S. Bankruptcy Court only has subject matter jurisdiction over bankruptcy filings, therefore it does not have the authority to render binding judgment over other types of cases, such as divorce.

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