People in Virginia might take an interest in information published about Chapter 7 bankruptcy. According to an Aug. 21 report, people who just discharged debts might have some chance to obtain new credit cards. This article also said that creditors might be cautious...
Month: August 2014
Grounds for divorce in Virginia
On behalf of Bowen Ten PC | Aug 22, 2014 | Divorce
Virginia law requires that there be a valid reason as prescribed by law before a divorce will be granted. While, like many states, Virginia recognizes fault-based grounds and no-fault grounds, it further divides divorce into two categories: divorce from bed and board...
Identifying exempt property under Chapter 7 bankruptcy laws
On behalf of Bowen Ten PC | Aug 20, 2014 | Chapter 7
Virginia residents may be interested in information about what happens to a person's property when they file for Chapter 7 bankruptcy. Bankruptcy law allows them to keep certain property in order to start their new post-bankruptcy life. A Chapter 7 bankruptcy allows a...
Truland bankruptcy leaves construction projects on hold
On behalf of Bowen Ten PC | Aug 18, 2014 | Chapter 7
Since July 2013, approximately 20,000 businesses have filed for bankruptcy. The Truland Group, a well-known electrical contractor, became one of those companies on July 23. The company filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Eastern...
Measuring a discharge in bankruptcy
On behalf of Bowen Ten PC | Aug 6, 2014 | Chapter 7
Virginia residents who are considering filing for bankruptcy may wonder what a discharge date is or exactly what it means to have debts discharged. The discharge is what happens at the end of the proceeding, after the petition has been filed and approved by the judge....
Oscar-nominated actor claims he cannot pay spousal support
On behalf of Bowen Ten PC | Aug 4, 2014 | Divorce
Film fans in Virginia might find this story about Terrence Howard's alimony arrangements interesting. According to reports, the actor recently signed a divorce agreement that included language obligating him to pay spousal support in the amount of $325,000 to his...
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