Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
Wildcard exemption holds a special place in Chapter 7 bankruptcy typically because it allows debtors to save their unprotected assets. This means bankruptcy filers can save those properties from getting liquidated that are usually not covered under normal federal exemptions. Properties debtors can keep under federal exemptions Under federal ...
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The process of Bankruptcy is often tagged with numerous folklore, false claims, misinformation, and myths. This creates a setback for many Americans as they restrain themselves from seeking the proper debt relief that they need. Such myths are usually spread by those who have certain hidden motives of ruining your state further. Here are top 6 myths about bankruptcy ...
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It is a standard notion for the employers to check the credit reports of the employees before they are selected for a job. It is an applied norm that for people with bad credit getting a job becomes difficult. Most of the pre-employment screening agencies request for full background checks that includes a check of criminal records, driving records, education, and ...
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When you file for Chapter 13 bankruptcy, you get 2 hearings scheduled, unlike Chapter 7. The first is the 341 Hearing, or the Creditor’s Meeting, where the creditors inquire about your financial state under the vigilance of the court appointed trustee. The additional hearing is called the Confirmation Hearing, which is scheduled only in Chapter 13 bankruptcy. It ...
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In the recent era the financial downturn has led many individuals to file bankruptcy in order to get rid of their debts. Undoubtedly it has also turned out as an effective debt relief fix for your uncountable debts. However, there are some tagged features which you need to consider while filing bankruptcy. The foremost among them is to have an honest approach towards ...
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Your finances are dilapidated! Debts have taken a mighty toll on your life and finally you have filed for Chapter 7 bankruptcy with a hope to get your debts discharged. Yet there is a little tension that is lingering at the back of your mind. What if your petition gets dismissed? It is indeed disappointing to find your last resort crumbling with a dismissal of your ...
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You are entangled in insurmountable debts and all the debt solution options have failed to work in your favor. So, now the last resort and the only rational solution you are left with is bankruptcy of course! But the estimated cost involved in bankruptcy seems far beyond your budget. How you wish there were some in low-cost ways to file for bankruptcy and you could ...
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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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