Child support enforcement can be a major concern for many families in Virginia struggling to cover everyday expenses while a delinquent parent refuses to pay court-ordered child support. Because the failure to pay support can lead to a difficult life for many...
Month: March 2018
Leaning more about credit scores and bankruptcy
On behalf of Bowen Ten PC | Mar 22, 2018 | Chapter 13
Far too many people in Virginia struggle with the devastating impact of overwhelming debt that seems impossible to repay. The accumulation of late fees, interest charges and other costs can leave individuals searching for a solution to their financial crises. While...
Credit card debt on the increase nationwide
On behalf of Bowen Ten PC | Mar 19, 2018 | Chapter 13
People in Virginia who are carrying a lot of credit card debt are not alone. According to a report by WalletHub, in 2017, credit card debt increased throughout the country by $92.2 billion. A Federal Reserve estimate says the total owed in credit card debt is over $1...
Dividing a 401k in retirement
On behalf of Bowen Ten PC | Mar 14, 2018 | Divorce
Virginia residents and anyone else looking to divide a 401(k) in a divorce may need to tread carefully when doing so. Ideally, the account will be split with the assistance of someone who has knowledge of the qualified domestic relations order (QDRO). The order will...
Fed chair questions inability to discharge student loan debt
On behalf of Bowen Ten PC | Mar 6, 2018 | Chapter 13
Student loan debt can be some of the most difficult debt for people in Virginia to deal with; while the numbers can be large, this type of debt is also unique in that it is ineligible for discharge in bankruptcy unlike other loans and debts. However, the chair of the...
Tips for keeping or buying a car during bankruptcy
On behalf of Bowen Ten PC | Mar 5, 2018 | Chapter 13
People in Virginia who are considering filing for bankruptcy might be wondering whether or not it will affect their ability to purchase or keep a car. In a Chapter 13 bankruptcy, a person's debts are restructured to allow the person to keep some assets and pay...
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