What happens to beneficiary designations after divorce

On Behalf of Bowen Ten PC | Jun 25, 2018 | Divorce

If a Virginia resident gets a divorce, it is important to make sure the estate plan is consistent with the divorce agreement. Often, people forget to remove an ex-spouse from a beneficiary designation, and this can result in assets such as retirement accounts or life...

Debtors benefit by filing for bankruptcy early

On Behalf of Bowen Ten PC | Jun 25, 2018 | Chapter 7

Virginia residents who are thinking about filing for bankruptcy are generally better off doing so sooner rather than later. By waiting to file, it could result in asset depletion or other problems that make it harder to truly get a fresh start. In some cases,...

Head of Child Support Enforcement seeks further automation

On Behalf of Bowen Ten PC | Jun 20, 2018 | Family Law

As with nearly every state, most child support payments in Virginia are made through a payroll deduction. A form of garnishment, money for a person's child support obligation is generally taken through their paycheck. The Virginia Department of Social Services then...

Uncovering income and assets for child support.

On Behalf of Bowen Ten PC | Jun 14, 2018 | Family Law

Though child support is considered a priority debt and is often subject to a wage withholding order, some are more than others in collecting money. Those who work 'off the books", those who do not report income and those who claim not to be employed can make life more...

What can and cannot be discharged in bankruptcy

On Behalf of Bowen Ten PC | Jun 11, 2018 | Chapter 13

Mortgage, auto loan and credit card debts are among those that Virginia residents and others may be entitled to discharge in bankruptcy. In a Chapter 7 bankruptcy case, assets are liquidated with the money used to repay creditors. It is important to note that not all...

More women paying alimony, stigma fading around prenups

On Behalf of Bowen Ten PC | Jun 4, 2018 | Family Law

More women in Virginia and across the country are paying child support and alimony, according to a survey by the American Academy of Matrimonial Lawyers. The AAML study found that 45 percent of lawyers saw an increase in the number of women being ordered to pay...