2016,10


      Understanding Late Life Divorce

      Posted on 10,31,2016

      Divorce can occur at any age. For individuals who are over 50 who have found themselves in the middle of a divorce, healthcare coverage will be one of the primary concerns they encounter. At McCormick & Calderon, our firm is committed to helping individuals of all ages through their various debt issues. We want to provide you with information on what to do if you are in the midst of a late-life divorce.

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      Can Bankruptcy Stop the Repossession Process?

      Posted on 10,31,2016

      Most people enter into loans and lease agreements with the full intention of fulfilling their obligations so they can retain possession of the items purchased. It is an unfortunate fact, however, that any number of unforeseen circumstances can lead to an individual falling behind on his or her credit card payments, loans, household expenses and other financial obligations. Even with the best financial plan, when circumstances change, it may be impossible to stay current.

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      Bankruptcy Assistance for Members of the Military

      Posted on 10,31,2016

      Financial difficulties can befall any individual, regardless of his or her occupation, social standing, income, age, gender or any other factor. While filing for bankruptcy may be a very real and viable option for most people whose expenses far exceed their income, the same does not hold true for members of the military. In the majority of cases, the Department of Defense (DOD) considers filing for bankruptcy to be grounds for disciplinary action. The DOD believes that any member of the military who has a massive amount of unresolved debt, may be more susceptible to bribes and other methods of coercion, thus posing a higher risk to military safety and security. The DOD also expects military members to exemplify the highest level of ethics and morals, both on the job and in their personal lives.

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      If I File For Bankruptcy Will My Co-Signers Be Liable For My Debt?

      Posted on 10,31,2016

      There are many factors which must be considered when making the decision to file for bankruptcy. Getting counsel from a skilled bankruptcy lawyer will help you understand the advantages and disadvantages of filing for bankruptcy, as well as assist you in determining if bankruptcy is right for you. If you have family, friends or loved ones who have co-signed loans on your behalf, one of the main issues you need to take into consideration is how you filing for bankruptcy will affect them. Should you opt to file for Chapter 7 bankruptcy all collection efforts against you will stop, however your bankruptcy protection will not extend to your co-signers. They can and will likely be held liable for the full amount of the debt for which they co-signed.

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      Can My Employer Fire Me If I File For Bankruptcy?

      Posted on 10,31,2016

      Bankruptcy is a way in which an individual can resolve any outstanding debt, avoid financial ruin and regain control of his or her life. If you have found yourself in the unfortunate situation of having more debt than you can feasibly pay off, it is in your best interests to contact a Virginia Beach bankruptcy attorney and discuss how bankruptcy can help you. It does not matter if your debt was incurred following a divorce, as a result of unexpected medical expenses, after the loss of a job, due to bad investments, from overextended credit or for any other reason, bankruptcy can help put an end to your financial woes.

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      DANGERS OF USING A DEBT RELIEF COMPANY

      Posted on 10,27,2016

      If you are currently faced with an overwhelming amount of debt, you are probably willing to do almost anything to resolve that debt or get it back under control. There are limits to what you should be willing to do. We do not recommend using a debt relief company. While some of these companies may be genuine, there are numerous dangers with some unethical companies. Debt relief companies lack the legal resources, background and expertise you need when seeking to put an end to the lawsuits, wage garnishments, collection efforts and other legal issues associated with your unpaid debt. Although they are good at making promises about their ability to fix all of your financial woes and rapidly give you the relief you need, not all of these companies are actually able to deliver what they promise.

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      WHAT IS THE VIRGINIA MOTOR VEHICLE EXEMPTION?

      Posted on 10,27,2016
      WHAT IS THE VIRGINIA MOTOR VEHICLE EXEMPTION?

      When an individual makes the decision to file for Chapter 7 bankruptcy, one of the most common concerns is whether he or she will be able to retain possession of certain assets and property. Chapter 7 is known as liquidation bankruptcy. Unless you have a way to protect your home, vehicle and other valuable assets, they could be taken and sold by the bankruptcy trustee to help get your creditors paid.

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