Virginia’s 2025 Tax Rebates: What You Need to Know
Virginia’s 2025 Tax Rebates: What You Need to Know As part of Virginia’s 2025 budget, the state is issuing a one-time income tax rebate to eligible taxpayers this fall. Lawmakers set aside nearly $978 million in a special rebate fund, with the goal of returning surplus revenue directly to Virginians. Here’s what you need to […]
What Is a Deficiency Judgment? Understanding Your Rights After Repossession or Foreclosure
What Is a Deficiency Judgment? Understanding Your Rights After Repossession or Foreclosure When a lender takes back property after a repossession or foreclosure and sells it, the sale price often isn’t enough to cover the total balance you owed. The remaining balance is called a deficiency balance, and when a lender sues and wins in […]
How Is Bonus Income or Variable Income Handled in Bankruptcy?
How Is Bonus Income or Variable Income Handled in Bankruptcy? If you earn bonuses, commissions, overtime, or other variable income, you may be wondering how this affects your bankruptcy case. These extra earnings can make planning tricky — but with the right strategy, you can avoid surprises and file with confidence. At Ashley F. Morgan […]
How Bankruptcy Impacts Cosigners and Joint Account Holders
How Bankruptcy Impacts Cosigners and Joint Account Holders When you file for bankruptcy, you’re not the only one affected — your financial choices can have ripple effects on parents, spouses, friends, or anyone who shares a loan with you. Cosigner liability is one of the most misunderstood parts of the process, and failing to plan […]
Is Debt Settlement Bad for Credit?
Is Debt Settlement Bad for Credit? Debt settlement can reduce what you owe, but it often damages your credit score, creates tax consequences, and leaves you vulnerable to lawsuits. Learn the pros, cons, and safer alternatives before you decide. The Truth About Debt Settlement and Credit When you’re overwhelmed with credit card balances, medical bills, […]
Can My Second Mortgage Foreclose if I’m Current on My First Mortgage?
Can My Second Mortgage Foreclose if I’m Current on My First Mortgage? Short answer: Yes — your second mortgage can foreclose even if your first mortgage is current. This is one of the most common myths homeowners believe, and it can have devastating consequences. Many people assume that as long as they keep up with […]
What Happens to Cryptocurrency in Bankruptcy?
What Happens to Cryptocurrency in Bankruptcy? Cryptocurrency and digital assets are now mainstream. Many of our clients own Bitcoin, Ethereum, or even NFTs, and some hold crypto ETFs or other blockchain-based investments. But if you’re considering bankruptcy, you may wonder: what happens to my cryptocurrency in bankruptcy? When you file for bankruptcy, all of your […]
Can You Get Rid of a Personal Loan Secured Against a Vehicle in Bankruptcy?
Can You Get Rid of a Personal Loan Secured Against a Vehicle in Bankruptcy? If you’ve taken out a personal loan secured by your vehicle—especially from a lender like OneMain Financial, Mariner Finance, or another subprime lender—you may feel stuck. These lenders often require you to use your car as collateral for a high-interest loan, […]
Can Bankruptcy Stop an Eviction?
Can Bankruptcy Stop an Eviction? Facing eviction is one of the most stressful situations a tenant can experience. If you’ve fallen behind on rent, you may wonder whether filing bankruptcy can stop your landlord from evicting you. The short answer is yes—bankruptcy can stop or delay an eviction—but timing is everything. If you are considering […]
What Happens If You Ignore a Debt Lawsuit?
What Happens If You Ignore a Debt Lawsuit? Getting sued for a debt is stressful — but ignoring a debt lawsuit can make a bad situation much worse. If you don’t respond, the creditor can win automatically, and that judgment can lead to wage garnishment, frozen bank accounts, liens on your property, and long-term credit […]