Store-branded credit cards reach 7-year high delinquency rate

On Behalf of Bowen Ten PC | May 31, 2018 | Chapter 13

According to a recent study, the delinquency rate on store-branded credit cards is spiking. The study indicates that the delinquency rate consumers in Virginia and throughout the country are facing is currently at a seven-year high. This could be bad news for...

Remarriage and child support

On Behalf of Bowen Ten PC | May 29, 2018 | Family Law

Divorced parents in Virginia who get remarried should be aware of how a new marriage may impact the child support they are receiving or have to pay. Depending on the situation, there are certain legal actions that may be necessary to take. Child support is a legal...

What to know about child support in America

On Behalf of Bowen Ten PC | May 23, 2018 | Family Law

There is a perception among many in Virginia and throughout the country that custodial parents receive too much support. However, this isn't necessarily the case. According to the January 2016 version of the Custodial Mothers and Fathers and Their Child Support...

Researchers identify one factor that can lead to divorce

On Behalf of Bowen Ten PC | May 15, 2018 | Divorce

Marriages in which both people work and make similar incomes are more common than they were in the past, but there are still many couples who start their marriages with a more traditional arrangement in which the husband earns most of the money. However, Virginia...

The impact of the child support system on parents

On Behalf of Bowen Ten PC | May 14, 2018 | Child Custody

Noncustodial parents in Virginia can face negative consequences when they fail to pay child support on time. For instance, they could experience financial problems, strained relationships with family members and the possibility of going to jail. In many cases, those...

How states rank when it comes to using credit cards

On Behalf of Bowen Ten PC | May 10, 2018 | Chapter 13

Virginia residents had an average of $7,161 in credit card debt in 2017. This was according to a report from Experian that looked at how Americans used their credit cards. The national average was $6,354 person, and Alaska had the highest average balance at $8,515....

Appeals court clarifies lien stripping process in Chapter 13 case

On Behalf of Bowen Ten PC | May 7, 2018 | Chapter 13

From its location in Virginia, the U.S. Court of Appeals for the Fourth Circuit has overturned a lower court decision about stripping liens in Chapter 13 bankruptcy cases. The appeals court ruled that no proofs of claim were necessary to strip a wholly unsecured...

Credit card debt is growing rapidly

On Behalf of Bowen Ten PC | May 3, 2018 | Chapter 13

While Virginia residents may be enjoying the benefits of a strong economy, that strength could be partially because of increased credit card spending. According to the New York Federal Reserve, household debt was $13.15 trillion in the final quarter of last year. Most...