Ending a marriage is a traumatic time when important decisions must be made on issues such as support and child custody. Deciding what to do with the property and debt accumulated by the spouses can play a large role in a spouse’s financial future. Parties need to...
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The risks of debt consolidation might not always be so apparent
It is no secret that dealing with extensive amounts of debt can be a stressful and harrowing experience. If prolonged periods of financial struggle leave you suffering a lesser quality of life, you may feel that taking the necessary measures to fend off debt is...
Can you protect your business from property division?
Many Virginia residents may not realize that the best way to protect one’s business from property division in a divorce is to act before one establishes the business or when things are going well between the couple. Even when one’s marriage is falling apart, it...
Gray divorcees financial plans suffer after divorce
As mentioned previously on this blog, ‘gray divorces’ are on the rise. The divorce rate in people over the age of 50 has doubled since the 1990s, and as more and more people end their long-term marriages, they are throwing their financial lives into disarray. However,...
What debts cannot be discharged through bankruptcy?
Virginia residents struggling with various debts may decide to go down the bankruptcy route to have their debts discharged. Before making the decision that could effectively help them regain control over their financial life, it is important to understand what certain...
