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More middle class Virginians going bankrupt
A record number of people filed for bankruptcy in September, the result of a combination of job losses and entrepreneurial ventures gone sour. That could be a bad sign for retailers and area banks
Read More »Bankruptcy filings skyrocket
A record number of people are filing for personal bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia, which is housed in Richmond
Read More »Getting stiffed
Hurry up and wait. That’s the only option for local businesses owed money by bankrupt Circuit City and LandAmerica. More than 1,000 entities are owed money by Circuit City, according to a list of
Read More »State starts program to guarantee souring biz loans
Governor Tim Kaine has authorized the state to guarantee a total of $3 million in existing small business loans for Virginia businesses. The Virginia Small Business Financing Authority quickly approved a new program to
Read More »Will the number of bankrupt Richmonders (and businesses) keep rising?
One Richmond bankruptcy lawyer says personal and business bankruptcy filings are likely going to rise higher in coming months as credit remains tight and the economy sluggish
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