In Virginia and across the United States, people thinking about divorce typically have active accounts on one or more social media websites. Although it is fine to maintain an account on Twitter or Facebook during and after divorce proceedings, people who want uncomplicated divorces should think twice about their online profiles. According to research, individuals with active accounts on Facebook and other social media platforms often experience problems with their marriages.
With so many benefits of bankruptcy, it's easy to make the decision to move in this direction. However, before you do so, you should also implement a plan for rebuilding your credit after bankruptcy. This will ensure that you're ready to hit the ground running at the appropriate time.
The American Psychological Association has reported that between 40% and 50% of marriages nationwide end in divorce. It is among the most stressful events a person can experience, and it can bring with it financial concerns, especially for couples who have children. Co-parenting after a Virginia divorce becomes much easier if the parents work together to minimize financial stresses.
Financial struggles are common, and sometimes bankruptcy is the only way out. If this is the case, you have two filing options; Chapter 7 or Chapter 13.
According to a survey conducted by Bank of America, 28% of people in the millennial generation choose not to establish joint bank accounts with their spouses. Members of this generation in Virginia are more likely to keep their financial lives entirely separate than previous generations. Part of the reason may be that technology, including financial apps and services, has made it easier to share expenses, and part of the reason may be that millennials have seen how hard it can be to divide assets in divorce.