In 2016, over 770,000 people in Virginia and throughout the country filed for Chapter 7 and 13 bankruptcy. In a Chapter 7 bankruptcy, nonexempt assets are sold with the proceeds going towards paying off creditors. While unsecured debts can be eliminated, it may not be...
Experienced, Compassionate and Effective Advocacy
Month: July 2017
The relationship between careers and divorce
Virginia military members are more likely to go through divorce than those in other professions, according to an analysis of census data by the website Zippia. The analysis found that three of the top 10 jobs with the highest divorce risk before age 30 were military...
Rule permits lawsuits against banks, credit card companies
Consumers in Virginia and across the United States can't be prevented from joining class action lawsuits against their banks or credit card companies by arbitration clauses. A rule issued by the Consumer Financial Protection Bureau is designed to stop companies from...
Bankruptcy court sides with debtor
A Virginia man who filed for Chapter 7 bankruptcy separately from his wife received a positive ruling from his district's bankruptcy court. The trustee in his case had challenged the fact that he was maintaining two homes while trying to discharge debts. The trustee...
Myths about divorce can confuse separating spouses
Virginia residents headed for divorce may receive a lot of advice from family members and friends based on their personal experience or that of their own loved ones. However, a number of common beliefs are not true. Correcting that information can help to protect the...
Secured creditors must file proofs of claim on time
In Virginia bankruptcy cases and elsewhere, secured creditors are not required to file proofs of claim as unsecured creditors are. Nonetheless, a recent case set a precedent that if they do file a proof of claim to receive payments out of a Chapter 13 bankruptcy case,...