Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
What is frozen account- Frozen account defines a state when you are no longer able to access to your bank account because your creditor has brought court judgment against you for not paying his debt. This is a hard tactic that creditors employ to put pressure on you to squeeze money out of you. However, you are always welcome to deposit money into a frozen account. ...
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Unlike other American workers or professionals, the members of the US Armed Forces have a wider range of debt help options when compared with other citizens. The military members can avail the debt help from the Servicemembers Civil Relief Act, Armed Forces Legal Assistance Office, Installation Support Centers, and Military Relief Organizations. If you are a ...
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In today’s day and age, financial issues are literally breaking the backbones of common people. While most chalk out a way to deal with their debt issues, some plunge into the deep – and never able to return in a normal life. This pops up a very significant question: would a debtor be obliged to repay his debts if he goes mad? This is something that you cannot ...
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Things got completely twisted for the debt collection industry with the decision in Foti v. NCO Financial Systems, Inc in the year 2006. The Court in Foti concluded that each voicemail intended for a debtor must include the mini-miranda, which is a disclosure that the communication is from a debt collector. 15 U.S.C §1692e(11) The Court further included that ...
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Do your credit card debts die with you or pursue you into the tomb? Or, can they reappear to trouble your heirs? However, a lot of factors determine this. Among the factors the simplest part is, if the card was only yours with no joint account holders, the debt is utterly yours. If somebody dies, it is his assets, which becomes responsible to pay off the balance. ...
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In a historical verdict, a bankruptcy court in the central district of California held up the right of same sex married couples to file a joint Chapter 13 bankruptcy. According to 20 of the 24 judges, the Defense of Marriage Act (DOMA) is completely unconstitutional as it restricts legally married same sex couples to file a joint bankruptcy petition. In this ...
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Consumer debt has been a major problem in the U.S for the last few years. Millions of U.S households are struggling to stay afloat in a difficult climate. Unfortunately, a lot of scam debt settlement companies are taking advantage of the situation. They indulge in misleading advertisements to attract debtors and deceive them. While looking for online debt ...
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An increasing number of students are getting into debt these days. A lot of college-goers spend recklessly without realizing that they would be repaying it for years after graduating. In fact, the debts you pile up during college life can limit your purchasing power in future even if you have a high salary job. Therefore, it is important for college-goers to stay ...
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