A recent Supreme Court decision may be of interest to Virginia residents who are considering filing for bankruptcy as a form of debt relief. In a unanimous decision on May 18, the U.S. Supreme Court ruled that debtors who convert to Chapter 7 should be entitled to keep any funds that have not yet been distributed by the Chapter 13 trustee, absent a showing of bad faith.
Virginia couples planning on marriage may benefit from signing a prenuptial agreement to specify their financial arrangements in the case of a divorce or the death of one spouse. Creating a prenuptial agreement can be a straightforward process, and it is recommended that both parties have their own attorney. Full disclosure of finances on behalf of both parties is also an important and required part of the process.
Virginia fans of reality television shows may be interested to learn that actor and father Jon Gosselin is seeking custody of just one of his sextuplets, his 11-year-old daughter, Hannah. Reportedly, his daughter has indicated that her mom, Kate, is forcing her to participate in more episodes of "Kate plus 8" against her wishes.
The thought of a child being abducted and taken overseas is a terrifying one for Virginia parents, but this was the reality for at least 8,000 American children between 2008 and 2013 according to the U.S. State Department. The department receives thousands of requests every year for assistance by those involved in international child abduction cases, but only about half of these children ever return to the United States.
Many Virginia residents who file for Chapter 7 bankruptcy only do so after all other efforts to take control of an unmanageable financial situation have failed. Sometimes this is due to the social stigma that surrounds bankruptcy, and sometimes individuals put off seeking a financial fresh start due to fears over negative credit ratings and the difficulties that they will face when they seek to borrow in the future.
Virginia residents who are looking to protect their separate assets in their marriage may be interested in some ways to accomplish this. Even without a written agreement, this separation may be achievable for the most part.
Couples in Virginia may be surprised to learn that nearly 15 percent of 2,000 couples in a poll conducted by a British law firm said that they had considered divorce due to the activities of their spouses on social media. In addition, nearly 25 percent said they argued at least weekly with their spouse about social media while almost one out of every five respondents said they fought about it daily.
Virginia residents who are contemplating a divorce likely know that it is necessary to serve the other spouse with divorce papers. While this may seem like a simple task, in many cases it is not. The spouse's whereabouts may be unknown and finding him or her might exhaust all known resources such as placing notice in a local newspaper. In two recent family law cases, however, judges in New York have allowed the service of legal documents to be made via Facebook.
Children of divorced parents in Virginia may experience less stress if their parents decide to co-parent, according to a new study. Researchers from the Centre for Health Equity Studies in Sweden found that children who go back and forth between two parents' homes had fewer psychosomatic health problems than children who lived with only one parent.
Virginia residents contemplating divorce may be interested in the way taxes are affected by divorce. Both spouses are responsible for paying taxes owed during a marriage. Making sure returns are filed correctly and that the couple's tax bill is paid is an important step toward moving on after the marriage has ended.