On Behalf of Bowen Ten Long & Bal, PC | Aug 29, 2014 | Bankruptcy
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...
On Behalf of Bowen Ten Long & Bal, 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...
On Behalf of Bowen Ten Long & Bal, PC | Aug 20, 2014 | Bankruptcy
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...
On Behalf of Bowen Ten Long & Bal, PC | Aug 18, 2014 | Bankruptcy
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...
On Behalf of Bowen Ten Long & Bal, PC | Aug 6, 2014 | Bankruptcy
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....
On Behalf of Bowen Ten Long & Bal, 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...
