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July 2018 Archives

Approaching divorce with respect and responsibility

When a couple makes the decision to get a divorce in Virginia, their decision is rarely made without many accompanying disagreements, sadness and contention. While there are cases where divorcing is inevitable or critical where there is abuse or neglect involved for example, couples who have shared a decently amicable marriage should do their due diligence in weighing their options before irrationally decided to separate. 

Suggestions for businesses to avoid going bankrupt

The ebbs and flows of operating a business can be a challenge at times for management to navigate, especially when they seem to happen relatively quickly. In fact, sometimes changes can happen so fast that leaders are left with little time to make critical decisions about the organization's future. In other cases, companies in Virginia may have made missteps or taken careless risks that ultimately led to a gradual downfall. Businesses that are aware of what can be done to avoid ever having to file for bankruptcy may be more successful in maintaining financial security, even when times are challenging. 

How is alimony awarded in Virginia?

Alimony or spousal support, as the Virginia courts refer to it, is a payment from one ex-spouse to the other for financial maintenance after a divorce. It is not paid in all divorces. It also has limits and various terms. Payments are pretty dependent on the situation and the marriage. The Code of Virginia explains the exact guidance judges are given when making a determination about spousal support.

What is the wage earner plan?

You may have heard the term "wage earner plan" used in conjunction with talking about bankruptcy. This term, according to the Eastern District of Virginia, is used in the state as another way to identify Chapter 13 bankruptcy. Because Chapter 13 is a repayment plan, the name is descriptive of the fact that you need to be a wage earner to file under that chapter so you can make the repayments required.

Can a debt collector harass me?

One of the biggest reasons why people end up filing for bankruptcy in Virginia is because their debts have become so complex that they are being constantly hounded by debt collectors. Once you file your petition, debt collectors must stop contacting you. However, did you know that you have rights when it comes to debt collection even if you have not filed bankruptcy?

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