Virginia Bankruptcy

Bankruptcy statute providing that interest of debtor becomes property of the bankruptcy estate notwithstanding any provision in applicable nonbankruptcy law that is conditioned on the debtor’s insolvency or financial condition did not prevent application of the Negotiated Rates Act to Chapter 11 debtor carrier; the Act’s legislative history and plain language made it clear that Congress intended the Act to apply to bankrupt carriers, and the court could find no irreconcilable difference between the bankruptcy statute and the Act since it is not the carrier’s financial condition that triggers the termination of property interests, but, rather, the retroactive application of the Act that operates without regard to a carrier’s financial condition. North Penn Transfer, Inc. v. Victaulic Co. of America, (E.D.Pa.1994) 859 F.Supp. 154.

Do you need help with protecting your assets in Maryland & Virginia? Are you in danger of having your house foreclosed? If so, contact the bankruptcy attorneys of the SRIS Law Group. Our bankruptcy lawyers will discuss the facts of your case with you and advise you of your options.

The SRIS Law Group Virginia bankruptcy attorneys focus on assisting Virginia bankruptcy clients primarily with chapter 7 bankruptcy in Virginia &  Maryland . We have Virginia bankruptcy attorneys located at our  Virginia offices in Fairfax, Manassas , Richmond , Virginia Beach, &  Lynchburg . Our Maryland bankruptcy offices are in Rockville & Annapolis.

If you need help or have bankruptcy questions, then contact the bankruptcy attorneys of the SRIS Law Group, PC, to speak with a competent Virginia bankruptcy lawyer about your case.

Sris Law Group, PC
4008 Williamsburg Court
Fairfax , Virginia 22032
(703) 278-0405
1.888.437.7747
Bankruptcy Attorney

Filing Bankruptcy in Virginia