Families across Virginia are struggling to get by. Many don’t qualify for unemployment, and the stimulus checks do not go far enough to cover everyday expenses or rent payments. After falling behind on rent, families may be concerned about what will happen next....
Credit card interest and fees topped $113 billion in 2018
On behalf of Bowen Ten PC | Jun 13, 2019 | Chapter 13
Consumers throughout Virginia and the rest of the U.S. paid credit card companies more than $113 billion in fees and interest in 2018, according to the New York Federal Reserve's latest Quarterly Report on Household Debt and Credit. That figure represents a 12%...
Bill would make student debts easier to discharge
On behalf of Bowen Ten PC | Jun 5, 2019 | Chapter 13
The amount of student loan debt outstanding in Virginia and across the country is expected to grow to $2 trillion by the year 2022. This would be far more than the amount of auto loan or credit card debt, and experts believe a large percentage of the student debt will...
Report makes recommendations for bankruptcy reform
On behalf of Bowen Ten PC | Apr 25, 2019 | Chapter 13
One paradox some people in Virginia may face if they are considering bankruptcy is that while filing is a thing they need to do because they lack money, filing for bankruptcy costs money. There is usually a surge in bankruptcies in March and April as people get their...
Collection agencies must respect a debtor’s rights
On behalf of Bowen Ten PC | Apr 18, 2019 | Chapter 13
Virginia collection agencies will likely try whatever it takes to get money from a debtor. However, there are limits as to what they can do to get what they are owed. For instance, they are not allowed to contact a person before 8 a.m. or after 9 p.m. A debt collector...
Income limits for Chapter 13
On behalf of Bowen Ten PC | Mar 22, 2019 | Chapter 13
People in Virginia considering declaring bankruptcy may wonder whether they qualify for Chapter 13. They tend to ask about the income limits for filing a Chapter 13 bankruptcy as well as the required size of debt itself. What many people are surprised to learn is that...
Many carry credit card balances for long periods of time
On behalf of Bowen Ten PC | Mar 6, 2019 | Chapter 13
It isn't uncommon for Virginia residents and others who have credit card debt to carry it for more than a year. According to a poll by CreditCards.com, 56 percent of respondents carried their balances for more than 12 months. Of respondents, 14 percent had some form...
Strategies to avoid repossession
On behalf of Bowen Ten PC | Feb 28, 2019 | Chapter 13
Vehicle owners in Virginia and throughout the country are encouraged to talk to their lenders if they are struggling to keep up with their car payments. Generally speaking, lenders would rather work out a new payment plan as opposed to spending time and money...
Credit card debt statistics in 2019
On behalf of Bowen Ten PC | Feb 21, 2019 | Chapter 13
According to CreditDonkey.com, the average American has a credit card balance of $5,331. Furthermore, 55 percent of those with credit card bills in Virginia and throughout the country don't pay off their balances in full each month. Individuals between the ages of 45...
Filing for bankruptcy and the IRS
On behalf of Bowen Ten PC | Feb 12, 2019 | Chapter 13
Every year, several people in Virginia decide to file for bankruptcy, be it Chapter 7 or Chapter 13, and during the process, they try to prepare for every eventuality so as not to be surprised later down the road. Accordingly, they work with their lawyers, trying to...
Recent Posts
- How is a business divided during a divorce?
- When can you take action to get more parenting time?
- You should be skeptical about settlement offers after a major crash
- How an Independent Medical Examination (IME) may impact your personal injury case
- What is Virginia’s approach to splitting property in a divorce?
Categories
Archives
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014