In concept, creditors should be treated equally under bankruptcy laws. However, bankruptcy laws recognize or give preferred rights to some categories of claims for social or monetary reasons. These rights are distribution rights over the sale proceeds compared to security interests in specific assets. These priorities may apply to the entire estate's proceeds or only those from particular asset groups. Our knowledgeable solicitors are renowned for their dedication to their clients. Since we have dealt with each client individually, we have ensured that they frequently return to us for their legal needs. The Law Offices Of SRIS, P.C.'s bankruptcy chapter 7 near me have offered competent legal representation to clients through Virginia. Therefore, comprehensive provisions for preventive compositions, agreements, or corporate reorganizations of various kinds are included in modern bankruptcy legislation.