Finances

How Is Debt Divided in a Virginia Divorce?

Economists will tell you that a person can have good debt and bad debt. Mortgage? Good debt. Credit cards? Bad debt. In a Virginia divorce, all debt is bad. Divorce does not allow you an escape clause from debt, so just as the two of you will split up assets, you will split up obligations, as well. Yes, Virginia, There ...

By |March 17th, 2017|

How Much Does a Divorce Cost in Virginia?

An old saying goes, “If you think education is expensive, try ignorance.” The same is true with paying for a divorce: if you think getting divorced is expensive, consider how much higher the cost—emotionally, mentally and financially—of staying together might be. Some people are just not suited for each other, and if you have children in the relationship, you can ...

By |December 23rd, 2016|

Is Hiding Assets Before Divorce a Bad Idea?

Ideas come in three varieties: good, bad, and whaaa? An example of a good idea is our country’s system of laws (at least for the most part). An example of a bad idea is Joseph Johann von Littrow’s idea1 to signal extraterrestrials by digging canals in the desert, filling the canals with kerosene, and lighting them on fire. He got ...

By |November 25th, 2016|
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