One of the rules about filing for bankruptcy is that you can’t purposefully try to cheat a creditor out of their goods or services and then turn around and discharge those debts via bankruptcy. Most of the time, that’s not a problem. The majority of people are deeply...
Older Americans filing for bankruptcy more often
On behalf of Bowen Ten PC | Sep 17, 2020 | Chapter 7
Over the past two decades, bankruptcy rates have surged, particularly for older Americans. They’re now declaring bankruptcy at a higher rate than they did before, and that has many implications when it comes to retirement planning, estate planning and the other...
Can filing for bankruptcy stop an eviction?
On behalf of Bowen Ten PC | Apr 27, 2020 | Chapter 13, Chapter 7, Firm News
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....
Know how an automatic stay can benefit you
On behalf of Bowen Ten PC | Apr 8, 2020 | Chapter 7
Filing for bankruptcy puts all your creditors on an even level because you don’t get to pick and choose who you’re going to pay what to or when. Instead, the payments go to creditors based on the specific order the law sets forth. In order to ensure there isn’t any...
How can you rebuild your credit score after bankruptcy?
On behalf of Bowen Ten PC | Jun 17, 2019 | Chapter 7
If you’re considering bankruptcy, one of your biggest fears may be how it will impact your credit score and creditworthiness long term. This is a source of hesitation for many people facing significant debt. It’s true that bankruptcy stays on your credit...
Obtaining emotional distress damages against a creditor
On behalf of Bowen Ten PC | Jul 16, 2018 | Chapter 7
Virginia residents who file for bankruptcy will likely get an automatic stay from creditor activity. Some circuit courts have ruled that the stay is meant to protect the financial and mental health of a debtor. Therefore, if a creditor violates the stay, the debtor...
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,...
Medical debt could be on the rise
On behalf of Bowen Ten PC | Apr 10, 2018 | Chapter 7
Many people in Virginia are struggling with overwhelming debt that seems to be insurmountable. For far too many people, medical debt can be a major reason for their inability to pay their bills and escape financial crisis. Reports show that health care costs for...
How Virginians can rebuild credit after a bankruptcy
On behalf of Bowen Ten PC | Apr 4, 2018 | Chapter 7
More than 700,000 Americans filed for bankruptcy in 2017. While the debt-forgiveness process does make it harder to get credit in the short-term, there are ways to get a higher credit score long before the filing drops from a credit report. According to a survey from...
Hidden cash prevents bankruptcy discharge
On behalf of Bowen Ten PC | Dec 13, 2017 | Chapter 7
Virginia residents who are considering undergoing bankruptcy should understand that it is a legal process and that their bankruptcy may not be discharged if they do not follow proper procedure. This is what occurred to a single mother who filed for Chapter 7 and did...
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