Bowen Ten Cardani, PC

Call Us For Your Initial Consultation


November 2016 Archives

Support obligations after Chapter 13

When Virginia couples divorce, their finances often suffer. This is because they have had to divide their assets, pay off debts and establish separate households. In some cases, it may become necessary for one of the parties to seek relief from overwhelming debt through bankruptcy.

Divorce rate down, marriages up slightly

While divorce appears to be on the decline in Virginia and across the U.S., researchers say that this statistic does not necessarily predict whether an individual couple's marriage will last or not. Some experts claim there is still a 50/50 chance of every marriage ending in divorce.

Bankruptcy court rules pawned vehicle part of estate

Virginia residents who have pawned their vehicles and who then file for Chapter 13 bankruptcy may wonder whether the vehicle will still be considered part of their estate. According to a decision made in a Georgia district court, if the vehicle is still in the 30-day grace period, it is counted as part of the bankruptcy estate. However, this may differ from one jurisdiction to another.

Tips for staying out of debt

Although basic living expenses nowadays can be costly, there are ways to cut back and save money. Virginia residents who are struggling to get out of debt and avoid bankruptcy might wonder what is available for them.

Virginia residents and stale debt

A zombie debt is one that is relatively old and may have been sold to third-party debt collectors. As the new owner of the debt can profit from even partial collection of a balance owed, it may contact the debtor in an effort to do so. In some cases, this debt may have been discharged in bankruptcy or already settled by the debtor.

Most debt management plans are not completed

Virginia residents struggling to cope with unmanageable bills sometimes see debt management plans as a way to pay off their debts while maintaining their credit scores, but research indicates that 40 to 45 percent of these plans is abandoned long before they are completed. When developing debt management plans, credit counselors urge creditors to reduce their rates and minimum payments in return for an assurance that debts will be paid off fully over a three- to five-year period.

Email Us For A Response

We’re ready to work with you.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Bowen Ten Cardani, PC

Richmond Office
3957 Westerre Parkway, Suite 105
Richmond, VA 23233

Toll Free: 866-601-7371
Phone: 804-767-6850
Richmond Law Office Map

Ashland Office
9410 Atlee Commerce Blvd, Suite 2
Ashland, VA 23005

Toll Free: 866-601-7371
Phone: 804-767-6850
Ashland Law Office Map

Rated By | Super Lawyers | Rising Stars Britney McPheron
Super Lawyers | K. Matthew Long