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June 2018 Archives

What can you do to expedite your recovery from bankruptcy?

Having to declare bankruptcy may have provided you with sudden financial relief, but it can also leave a lasting impression on your financial security and credit score. A damaged credit score can make it difficult to acquire a loan or purchase things like cars and homes in Virginia. Fortunately, there are things you can do to overcome this financial setback and expedite your recovery to a secure financial future. 

2 hospitals forced to close after announcing bankruptcy

While a company could be experiencing a consistent history of successes and promising opportunities, even the slightest misstep at the wrong moment can quickly end everything. For many Virginia companies, the concern of having to file for bankruptcy is always a thought lurking in the shadows, but with proper management, many companies can overcome financial difficulties without having to make such a drastic and long-lasting decision. 

Common missteps that put businesses at risk of bankruptcy

For many Virginia businesses, one of the most common concerns is being able to maintain financial security and make strategic decisions that will keep the books in working order. Even the simplest of mistakes can result in detrimental consequences, including bankruptcy, that could end up putting an organization in financial ruin. When this happens, the result is usually that the suffering company has no other option but to close its doors. 

Preventing divorce from hurting job performance

When a couple in Virginia decides to get a divorce, a majority of their attention will be turned to important decisions like where they will live, how time will be split between children and whether or not modifications need to be made to financial assets. Throughout the course of making such critical decisions, it may be difficult for couples to focus on their career. Distractions, emotional turmoil and anxiety can create difficulties at work and result in inefficient job performance. 

What is the Chapter 13 bankruptcy process like?

If you are filing Chapter 13 bankruptcy in Virginia, you may be feeling a little stressed out about it. That is perfectly natural. This is a major decision and a huge process to go through. Understanding how the process works can make things a little easier on you. Luckily, the U.S. Courts are fairly transparent about how Chapter 13 works and what you can expect during the process.

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