On behalf of Bowen Ten Cardani, 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...
On behalf of Bowen Ten Cardani, 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...
On behalf of Bowen Ten Cardani, 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,...
On behalf of Bowen Ten Cardani, 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...
On behalf of Bowen Ten Cardani, 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...
On behalf of Bowen Ten Cardani, 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...
On behalf of Bowen Ten Cardani, PC | Aug 21, 2017 | Chapter 7
Court protection offers several benefits for Richmond residents seeking debt relief with a Chapter 7 bankruptcy. Certain assets can be sheltered from creditors, and bankruptcy forces creditors to deal with the trustee instead of the debtor. However, it has been...
On behalf of Bowen Ten Cardani, PC | Jul 12, 2017 | Chapter 7
A Virginia man who filed for Chapter 7 bankruptcy separately from his wife received a positive ruling from his district’s bankruptcy court. The trustee in his case had challenged the fact that he was maintaining two homes while trying to discharge debts. The...
On behalf of Bowen Ten Cardani, PC | Jun 20, 2017 | Chapter 7
More Virginia residents might be using a high deductible health insurance plan than they were five years ago based on a study conducted by the National Center for Health Statistics. The study defined “high deductible” as a plan with an average deductible...
On behalf of Bowen Ten Cardani, PC | Dec 7, 2016 | Chapter 7
Virginia residents considering bankruptcy should understand exactly how the legal process works. There are a variety of rules, including a bar against certain transfers of assets within one year of filing a petition.In a case that reached the U.S. court of Appeals for...
