Obtaining a credit card is relatively easy, even for young adults. In fact, as of July 2016, the amount of revolving debt for American families totaled nearly $970 billion, according to the Federal Reserve. Virginia residents might be interested in reading about the...
Month: October 2016
The financial aspects of divorce
On behalf of Bowen Ten PC | Oct 27, 2016 | Divorce
Negotiations over delicate matters like property division and spousal support can quickly become heated during a divorce, but knowing what to expect may help spouses to avoid bitter disputes and reach amicable agreements. While Virginia's equitable distribution law...
Court rules against changes to Chapter 13 repayment plans
On behalf of Bowen Ten PC | Oct 19, 2016 | Chapter 13
Many Virginia residents file for Chapter 13 bankruptcy as a way to get out of debt while retaining their most valuable assets. Debtors who file under this chapter can keep their home, car and other valuable property while they pay off a portion of their debts over...
How disagreements over money can lead to divorce
On behalf of Bowen Ten PC | Oct 17, 2016 | Divorce
First-time marriages have around a 45 to 50 percent chance of ending in divorce. If people are marrying for the second or third time, that number climbs higher than 70 percent. However, the common cause of many marital problems is disagreements about money, and if...
How parents can resolve custody issues
On behalf of Bowen Ten PC | Oct 11, 2016 | Child Custody
In many cases, Virginia parents are granted joint legal child custody after a divorce. It is not uncommon for them to disagree from time to time as to how their children should be raised. If a disagreement does arise, it is important to understand the options...
The best time to file for divorce
On behalf of Bowen Ten PC | Oct 6, 2016 | Divorce
Family law attorneys in Virginia and around the country often notice a pattern in divorce filings. Studies have shown that most people file for divorce in August and March, months that follow traditional family holiday periods. Some people believe that is triggered by...
What Virginia residents should know about credit card debt
On behalf of Bowen Ten PC | Oct 3, 2016 | Chapter 13
According to one study, the average American household has $5,700 in credit card debt. Furthermore, more than 38 percent of American households have a credit balance of some sort. Those over the age of 75 have the lowest average credit card balance with $5,638 while...
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