Articles Posted in Virginia

If you are behind on your rent, bankruptcy may a good option for you. In many situations, Section 362 of the Bankruptcy Code (the Automatic Stay) can stop your landlord from continuing eviction proceedings. In fact, bankruptcy stops eviction in almost every case, but not all. If your landlord has obtained a writ of possession,…

A foreclosure stays on your credit for seven years. But the effects of foreclosure on your credit immediately start to diminish once the foreclosure has been completed. The same isn’t true for people. Losing a home is tough. Here are the Top 5 Ways to Bounce Back After a Foreclosure. 1. Find the Right Place to Live…

Student loans remain valid debts after discharge in either Chapter 7 bankruptcy or Chapter 13 bankruptcy. However, paying your student loans in Chapter 13 bankruptcy allows you some breathing room to pay your other debts. What Is Chapter 13? Chapter 13 bankruptcy is sometimes called the “wage-earner’s bankruptcy.” Many people who do not qualify for Chapter…

Good debt collection defenses flow from the specific circumstances of the debt. Bad debt collection defenses merely delay the lawsuit without changing its outcome. And the worst debt collection defenses are irrelevant, waste the court’s time, and possibly add costs and fees to your balance. Here are the Top 5 Worst Debt Collection Defenses. I Can’t Afford to…

You can discharge only very old parking tickets in bankruptcy, after they have been sent to a third-party debt collector. Otherwise, parking tickets pass through the Chapter 7 bankruptcy discharge because they are debts owed to a “governmental unit.” Parking Tickets in Bankruptcy Unfortunately, in most cases parking tickets cannot be discharged in Chapter 7…

America’s student-loan debt grows by $2,726 every second. Total student loan debt in the United States has topped $1.3 trillion, second only to mortgage debt. Nearly one-third (30%) of Americans know someone who has delayed the purchase of a home because of student loan debt. And more than half of those expect that delay to last longer…

Effective immediately, the  jurisdictional limit of D.C.’s Small Claims Court has increased from $5,000 to $10,000. By contrast, Virginia’s small claims (General District Court) limit is $25,000, and Maryland’s small claims (District Court) limit is $30,000. The D.C. small claims increase took effect pursuant to the District of Columbia Judicial Financial Transparency Act of 2016. Make no…

Deuteronomy defines bankruptcy in the Bible. But the Bible also frequently mentions lending, fair pay, creditors, interest payments, and money in general. Let’s start out with one of Jesus’ most important messages before we take a look at the Old Testament. The Golden Rule You may know of the so-called Golden Rule from the Sermon on…

An early 2016 study by insurance and investing behemoth Northwestern Mutual revealed some interesting insights into several issues impacting people’s long-term financial security. Here are the top 9 financial fears in America. The 9 Biggest Financial Fears for Americans Number One and Number Two on the list of biggest financial fears are really just the same thing:…

Running a personal background check can tell a potential employer or landlord a lot about you. Today’s background checks include more than just your criminal record. Background checks also reveal prior addresses, previous employers, and your credit history. But does foreclosure show up on a background check? Foreclosure Will Appear on Your Background Check To obtain…