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Fred Chen may be the CEO in the rehabilitation rely on put in place to compensate victims on the Woodbridge rip-off. As outlined by Mr. Chen, home transactions have started to shut which might lead to insufficient funding to deliver the organization away from bankruptcy.
I Launched Shannon Business PLC to provide customized, responsive and obtainable lawful representation to clientele throughout Northern Virginia. I have produced working experience in a wide range of lawful spots during nearly two decades of representing diverse purchasers which include house loan lenders, landlords/tenants, and Group associations, amongst Other folks.
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Then, we aid them check out their legal choices, ascertain the absolute best solution for his or her distinctive requires, and fight to accomplish that Option.
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Having said that, maybe you have to market some house to be able to repay creditors. It's essential to qualify for Chapter 7 via a method Examination that may identify When your cash flow meets guidelines to file Chapter seven. A bankruptcy attorney can wander you with the Chapter 7 procedure and help you take the means take a look at.
You can’t discharge all debts by means of bankruptcy. You'll find selected forms of financial debt which might be “dischargeable” and Other individuals that are “nondischargeable.” A experienced bankruptcy attorney can assessment your debt and assist you to fully grasp which forms of personal debt you happen to be coping with.
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A great deal progress has become manufactured to the authorized case in opposition to Woodbridge Team of Companies. Here is a timeline of the several factors of the situation, which includes how the initial rip-off occurred and what victims can perform to Get well funds misplaced from the scam.