On behalf of Bowen Ten Cardani, 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%...
On behalf of Bowen Ten Cardani, 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...
On behalf of Bowen Ten Cardani, 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...
On behalf of Bowen Ten Cardani, 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...
On behalf of Bowen Ten Cardani, 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...
On behalf of Bowen Ten Cardani, 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...
On behalf of Bowen Ten Cardani, 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...
On behalf of Bowen Ten Cardani, 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...
On behalf of Bowen Ten Cardani, 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...
On behalf of Bowen Ten Cardani, PC | Jan 4, 2019 | Chapter 13
Virginia residents who are looking to file for bankruptcy will generally consider Chapter 7 or Chapter 13 protection. Chapter 7 cases are referred to as liquidation bankruptcies as they involve selling nonexempt property to raise capital to pay off debts. Any balances...
