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A property settlement agreement, or PSA, is a contract that married couples can enter into to resolve the rights, interests, and obligations the parties may have to each other during and after the divorce process. PSA’s are frequently used to establish the framework for proceeding with an uncontested divorce. In fact, a PSA is required […]

Immediately upon filing a bankruptcy, the automatic stay is entered.  The automatic stay is an injunction, which prohibits creditors from taking any collection efforts against you, including continuing to garnish your wages. Additionally, the bankruptcy code has a mechanism to recover wages garnished pre-filing. In Virginia when a creditor files a wage garnishment there is […]

Many people avoid preparing for estate matters; however, setting up an estate plan to include a will, power of attorney and advance medical directive will assist loved ones after you’re gone. The executor is the person that will be appointed by the court to administer your estate. As you can see in the list below, […]

A revocable trust, also referred to as a living trust, is a great tool to manage assets during your lifetime and avoid the probate process at your death.  The trust administration process following your death can be more streamlined for your beneficiaries, as compared to the probate process, because it allows for privacy and avoids […]

If you fall behind on making your car payments, the lender may consider repossessing the vehicle.  Filing a Chapter 7 Bankruptcy will temporarily stop your car lender from repossessing your car and will allow you more time to resolve any outstanding balance. As soon as you file a Chapter 7 bankruptcy case, the “automatic stay” […]

Once the contract negotiations are complete and the contract is signed, it may seem like the hard work is done. But getting to the closing will require more work. Buying or selling a home is an involved process that is heavily regulated by state laws and there are many issues that come up after the […]

You’ve worked hard, saved when you could, and tried to make sound financial decisions. You’ve done all this so that you can hopefully provide for your family and still pass something on to your loved ones one day. You have also tried to instill your financial values into your children and raise them to be […]

What happens when you cannot afford to pay the IRS? Many Americans find themselves with a large tax bill from the IRS that they cannot afford to pay. You may be receiving threatening letters from the IRS or a Revenue Officer may have even shown up at your door. There are several strategies to deal […]

We tend to think that people who get convicted of a DUI (Driving Under the Influence; basically, driving while impaired by alcohol and/or drugs) probably deserve what they get. After all, nobody wants to think of drunk drivers out on the highways of the Commonwealth, presenting a danger to all the good, careful drivers out […]