Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
How you wish you could throw your debts into that bin and get rid of them forever! But you cannot! You wake up every morning with a depressing feeling and increased load of debts on your shoulders. Debts cannot be erased like just like that. You need proper planning, rational budgeting, a little bit of discipline, some constant effort and a firm determination to get ...
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As the Baby-Boomer generation starts to reach retirement age, more and more retirees have to face their long awaited freedom from the daily grind with mountains of debt. While traditional means of settling one’s debt, consolidation, negotiation, and bankruptcy are available, these may not be the best solution for an individual on a fixed income. Debt ...
Read moreAre you or a loved one a member of the armed forces and facing bankruptcy? If so, then you should know that your (or your loved one’s) bankruptcy procedure will be slightly different than for a civilian. Bankruptcy is a court procedure governed under Title 11 of the United State Code. Most individual bankruptcies are filed under Chapter 7 or Chapter 13. Chapter ...
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So now you’ve said “I do” and your fiancée is now your spouse. There’s only one storm cloud in your relationship, debt. Either you or your spouse may have come into the marriage with a lot of unpaid student loans or credit card bills. Then there are the bills from the wedding and honeymoon that you and your spouse paid for. Who is responsible ...
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So the person you thought was your soul mate turned out to be someone you wish you’d never met. You’ve started the divorce proceedings, but don’t know what to do about all the debt you and your soon to-be-ex-spouse have accumulated. Here are some things you should consider. The Pre/Post Nuptial Agreement The first thing to look at when deciding who has ...
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The booming debt relief industry has put us face to face with a very important question – how much credible the consumer debt relief programs actually are? The doubt has been further triggered by the fact that thousands of consumer complaints regarding debt relief scams are lodged with the FBI, the Better Business Bureau and the Consumer Debt Council every ...
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With passage of time the process of debt settlement has become much more complex and strangling. It is replete with loopholes and legal complications that are often overlooked by an individual stressed out with debts. During such depressive moments even an active mind fails to come out with the right decision. To make things worse there are creditors ready to pounce ...
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Are you overwhelmed with credit card bills? Are you confused about the influences of various debt relief programs like that of debt settlement and credit counseling? If it is so then this article might clear your maze of doubts! DEBT SETTLEMENT: Debt settlement programs are highly effective in reducing your debts to a great extent. A successful debt settlement ...
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