Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
In the time of acute financial crisis where debts and interest are mounting out of control, filing personal bankruptcy can be a considerable option. However, the filing process and the related procedures are not always simple. The process involves various complications that can affect you if you are not proficient in handling them. You need to take into account every ...
Read more
Bankruptcy filing is often associated with discharge of debts and saving your salary from wage garnishment. It is also about protecting your future from any kind of worries and tensions. Though there maybe thousand ways in which bankruptcy can protect your future, one of the best ways is by protecting qualified retirement account from creditor seizure. Below are top 3 ...
Read more
“Corporate Social Responsibility (CSR) in debt relief industry”!! Is it sounding like some unconceivable utopian concept that is too good to be true? Well, it might appear so, especially at an economic juncture when profit tops the priority list of most debt relief companies and CSR takes a mute back seat. Often the debt relief programs are found to contain no ...
Read more
There are often diversified opinions regarding the debt relief program that one needs to implement in order to fix the financial crisis. But when it comes to acquiring a good credit rating the idea is of paramount importance in times of general economic turmoil. Credit repair is often tagged with the changes in credit score. Credit score is something that ...
Read more
We talk about debts and discuss how to get rid of them for long hours. But we tend to over look a very vital question- If a debtor dies, what will happen to his debts? We, the lovers of life dread the appalling thought of death. So we choose not to ponder over what might happen to our debts if we die. But, considering the unpredictable nature of life, it is rational ...
Read more
Under the penalty of perjury, you need to swear that the information disclosed in the bankruptcy papers is true and complete. One of the primal things include that if the forms are incomplete or inaccurate it can lead to dismissal of your case by the court. Even worse the court can take legal action if it is found as intentional. If you leave something off ...
Read more
The new Telemarketing Sales Rule of the Federal Trade Commission is all set to give a tough fight to the menace of debt relief scams from September, 2010. Growing debt relief scams have become a serious threat to the distressed consumers who are looking for some solution to their debt problems. Numerous consumer complaints lodged with the FTC, state how shady debt ...
Read more
It is often seen that after bankruptcy filing, individuals are reluctant to get back to the world of credit cards all over again. A notion persists that it is the overuse of this credit that binds them with the chain of debts pushing them further towards bankruptcy filing. It is true to a great extent that debts are caused as a result of over utilization of ...
Read more
