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.
Grounds for divorce in Virginia
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 and divorce from the bond of matrimony.
Identifying exempt property under Chapter 7 bankruptcy laws
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.
Truland bankruptcy leaves construction projects on hold
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 District of Virginia and many other companies in the area are feeling its effects. General contractors that had hired Truland to do electrical work in schools, condos and hotels are now forced to find new subcontractors.
Measuring a discharge in 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. For many people, the discharge date is also the emotional end of a long and frustrating journey, as it represents the date they are no longer struggling with debt.
Oscar-nominated actor claims he cannot pay spousal support
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 second wife. The couple was only married for approximately one year before they filed for divorce. Reports suggest that the end of the relationship might have been influenced by allegations of domestic violence.
