Hoover Penrod PLC represents clients in bankruptcy cases in the United States Bankruptcy Court in Harrisonburg, which covers a large area in northwestern Virginia – from Clark to Alleghany Counties. Our bankruptcy attorneys are familiar with local procedures and practices in all types of bankruptcy work.
We routinely represent debtors and creditors in consumer and business bankruptcy cases.
We also provide counseling and advice to individuals, business owners and guarantors in troubled loan situations in an effort to avoid bankruptcy or to control and minimize the impact on them as individuals.
Bankruptcy for Individuals
Bankruptcy is a legal way to provide relief to individuals in serious financial trouble, it can eliminate most debts and help you obtain a “fresh start.” Most bankruptcy clients have experienced unexpected and extreme financial shock, such as that caused by sudden events including job loss, business failure, death, divorce or illness. The experienced attorneys at Hoover Penrod, PLC can help guide you to a brighter financial future. If you are an individual considering filing bankruptcy you may be worried about the effect your decision will have on your credit, your ability to purchase a home or if you will ever be able to restore your credit. We will explain your options in plain language and give you the information you need to make informed decisions. Please contact us for more information about any of the following:
Hoover Penrod, PLC is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Counseling and Workouts for Business Creditors
In addition to representing business creditors (both secured and unsecured) in traditional bankruptcy cases, we also advise lenders and other secured creditors in out-of-court workouts.In Chapter 11 cases, we are pleased to serve as local counsel alongside Title 11 bankruptcy attorneys from out of our geographic area.
Our work for your business may include:
- Restructuring of debts
- Drafting and negotiation of forbearance agreements
- Remedy enforcement procedures
- Receivership appointments
- Commencing and resolving foreclosures of real and personal property
- Litigation to collect debts
- Lift stay actions
- Discharge matters
Bankruptcy and Creditors’ Rights
In counseling business creditors, our attorneys are dedicated to providing efficient, creative, and effective solutions designed to protect your financial interests. We are experienced in using both negotiation and litigation within a bankruptcy case to resolve problems. In addition to business debtors, we represent landlords, purchasers of assets, secured lenders, and other special interests in bankruptcy work-outs and cases.
We can help you enforce creditors’ rights in bankruptcy proceedings, and defend avoidance and preference actions. We have represented an aggressive bankruptcy trustee in the past, so we completely understand the goals and methods of Chapter 7 trustees in recovery actions.We also provide counseling to business debtors in relation to commercial indebtedness and consumer loans.
To schedule a consultation with one of our bankruptcy attorneys, please contact Hoover Penrod PLC or call 540-433-2444. We serve clients throughout northwestern Virginia and clients from all over the United States who have matters pending in the United States Bankruptcy Court in Harrisonburg.