Virginia residents may be interested in information about what happens to a person's property when they file for Chapter 7 bankruptcy. Bankruptcy law allows them to keep certain property in order to start their new post-bankruptcy life.
Since July 2013, approximately 20,000 businesses have filed for bankruptcy. The Truland Group, a well-known electrical contractor, became one of those companies on July 23. The company filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Eastern District of Virginia and many other companies in the area are feeling its effects. General contractors that had hired Truland to do electrical work in schools, condos and hotels are now forced to find new subcontractors.
Virginia residents who are considering filing for bankruptcy may wonder what a discharge date is or exactly what it means to have debts discharged. The discharge is what happens at the end of the proceeding, after the petition has been filed and approved by the judge. For many people, the discharge date is also the emotional end of a long and frustrating journey, as it represents the date they are no longer struggling with debt.
Film fans in Virginia might find this story about Terrence Howard's alimony arrangements interesting. According to reports, the actor recently signed a divorce agreement that included language obligating him to pay spousal support in the amount of $325,000 to his second wife. The couple was only married for approximately one year before they filed for divorce. Reports suggest that the end of the relationship might have been influenced by allegations of domestic violence.
Virginia residents may be interested in a recent article discussing the progress the country has made in dealing with domestic violence issues. Domestic violence has been something of legal concern since before the founding of the nation. According to the article, the Puritans were the first Western society to expressly outlaw wife beating. The early decades of the United States, however, were marked with very little progress in response to domestic violence. Sexism dominated both the culture and the law. Charges and rulings against husbands were often overturned on the reasoning that the wife was expected to be subordinate to the husband and that the submission could be enforced even by physical means.
When ending a marriage, Virginia couples should take steps to protect personal information online by establishing individual accounts and updating passwords. Divorce can inspire feelings of jealousy, resentment and suspicion, and angry spouses may react by prying into their partners' personal lives or attacking their reputation on social media.
A Virginia man who was accused of kidnapping and assaulting his wife was sentenced on July 17 after being found guilty on a large number of charges, including kidnapping, possessing a firearm and interstate domestic violence. According to the report, he was sentenced to more than 24 years in prison, 15 years of supervised probation once he is released from custody, treatment for a mental disorder and registration as a sex offender.
When Virginia couples go through a divorce, the property division phase may be one of the most difficult parts of the process. In nearly every case, the couple's home becomes a major point of contention. Sometimes, the couple sells the home and splits the profits between both individuals. This can help ensure that each receives a portion of the home's worth.
Crumbs, a bakery specializing in over-sized cupcakes, is filing for bankruptcy protection. Based in the northeast, the company had locations in Clarendon and Tysons Corners in Virginia. Court records indicate the filing is a Chapter 7 case, which is the process used for liquidation. The announcement came just a week after the business was removed from the NASDAQ.
Paul George's current legal dispute points out some issues which may be of concern to unmarried Virginia couples trying to resolve a child custody matter. George allegedly fathered a child with Daniela Rajic, a woman he met in Florida. A paternity test performed before the birth confirmed George as the father. However, he disputes the test's method and result. He plans to accept responsibility if another test confirms him as the father.