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Fee Structure

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Debt Settlement and Debt Consolidation Fees

1. A consultancy fee of $50 will be charged each month for providing a monthly 30 minutes consultation with our savings consultant, 30 minutes consultation with budgeting consultant and 30 minutes consultation with the tax attorney. This fee will be adjusted with the success fee when the success fee becomes payable. For example, if the client owes $1000 as success fee and the total consultant fee for 12 months is $600, then in this particular case, client has to pay $400 towards the success fee ($1000-$600) as the consultancy fee will be adjusted with the success fee amount.

Why our clients need a savings consultant, budget consultant and tax attorney?

Debt is the symptom. Savings and budget consultants help get rid of the cause of the debt. Tax attorney helps our clients file insolvency forms with IRS so that debt settlement savings reported on 1099-C are not taxed.

2. A success fee of 25% of the amount by which any of client’s debts is reduced, will be charged. For example, if client owes $10,000 on an account and OVLG negotiates a reduction on that account to $6,000, that is savings worth $4,000, then OVLG’s success fee for that account is 25% of $4,000, i.e $1,000. To calculate the success fee, we will consider the original amount owed by the client at the time of enrollment.

N.B. In case, if a payment plan is worked out then we will charge 15% of the total debt amount as our success fees.

Budgeting and bill pay fees

Monthly maintenance fee:
$50 for the first 10 monthly recurring bills. $5 for each additional bill.

Let's look at an example:
Suppose Stacy has:
A. 2 bills: She will pay OVLG $50 each month for the bill pay service.
B. 10 bills: She will pay OVLG $50 each month for the bill pay service.
C. 12 bills: She will pay OVLG $60 each month for the bill pay service.

Interest rate negotiation fees (also known as Debt Management or Credit counselling)

Monthly maintenance fee: $39.

Chapter 7 Bankruptcy fees

Chapter 7: $1,500 for most cases (filing fees and credit counseling fees not included).

The fees listed below are statutory filing fees, payable to the bankruptcy court.

Chapter 7 Filing Fee: $299 (Discharge of most unsecured debts).

Amendment Fee: $26 per amendment (If you have to make changes to certain documents after initial filing).

Chapter 13 Bankruptcy fees

Chapter 13: $2,500 plus additional amount set by the court.

A lot of our clients sign up for debt management or debt settlement hoping to avoid bankruptcy but while they are in the debt management or debt settlement program their financial situation might become worse. In such a scenario we give them an easy path to bankruptcy. Hence, for both chapter 7 and Chapter 13 bankruptcies we give up to $500 credit for fees paid towards debt management or debt settlement. Here are some examples of fee credit..

The fees listed below are statutory filing fees, payable to the bankruptcy court.

Chapter 13 Filing Fee: $274 (Structured partial repayment plan for debtors who want to keep assets like homes).

Conversion Fee: $15(to change a Chapter 13 case into a Chapter 7 case).

Amendment Fee: $26 per amendment (if you have to make changes to certain documents after initial filing).

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The services of Oak View Law Group (OVLG) and its affiliates may not be available in all states. OVLG along with its Of Counsel attorneys may also be referred to as "Oak View Law Group", "we", "us" or "the firms".
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  1. The debt settlement program typically last between 6 months to 4 years time.
  2. At least 30% of the debt amount per creditor needs to be accumulated in the trust account for OVLG to give the creditor any settlement offer.
  3. Not all creditors or debt collectors will accept a reduction in the balance, interest rate, or fees a customer owes such creditor or debt collector.
  4. Pending completion of the represented debt-relief services, the customer's creditors or debt collectors may pursue collection efforts, including initiation of lawsuits.
  5. That the use of the debt-relief service will likely adversely affect the consumer's creditworthiness, may result in consumers being sued by their creditors, and may increase the amount owed to creditors as a result of the accrual of additional fees and interest;
  6. Savings a customer realizes from use of a debt-relief service may be taxable income.
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