June 2019 Archives

How to handle a business during property division in a divorce

The property division process that must be undertaken when divorce is sought can be cumbersome and hotly contested. The parties to a marriage can find themselves vying over bank accounts, retirement portfolios, pensions, personal property and even the family home. Yet, many Virginians have another asset that must be dealt with during the property division process: a business.

What is the financial value of a stay-at-home mom in divorce?

When a couple makes the decision to have one person stay home and raise their children, they often aren't considering the ramifications that this situation could have in the event of a divorce. While about 7 percent of men stay home to raise their children, nearly 25 percent of women decide to leave the workforce and invest their time and energy into child-rearing. 

Chapter 7 bankruptcy and the means test

A lot of Virginians find themselves financially struggling at one point or another. While many of these individuals are able to climb out of debt or easily manage it, others find themselves completely overwhelmed. While many people in the latter category make an ambitious attempt to claw their way back to financial stability, this isn't always possible. These individuals may want to consider their debt relief options rather than wasting time and money on an effort that likely won't resolve favorably.

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