Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
Filing for bankruptcy is one of the toughest financial decisions to make for any individual, and once decided, which option to choose is another confusing job. If you are going to file for personal bankruptcy, you have options like Chapter 7 and Chapter 13 bankruptcy. However, in order to choose the right option for your specific condition, you should have a thorough ...
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All of us are eagerly waiting to welcome and embrace 2021. We're counting the days to bid adieu to 2020. What a year it had been. Unemployment, pay cut, hour cut, death tolls, financial crunch, social isolation, political upheavals, and election turmoil were the top news stories of the year. On one hand, we are all waiting for the end of 2020. But on the other hand, ...
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“If you fail to please bankruptcy trustee, you’ll fail to discharge debts”Be it chapter 7 bankruptcy or chapter 13, you can’t avoid meeting at least one person and that is Bankruptcy trustee. Whether you like it or not, he will test your financial health at different stages of bankruptcy. The first stage is when you file bankruptcy. He will analyze your ...
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In the recent years the number of people filing for bankruptcy has steadily increased. According to American Bankruptcy Institute, the number has increased to almost 50 percent from that of the first half of this year. Bankruptcy filing is stressful and one cannot shake off the added difficulties that bankruptcy brings with it. You may end up feeling ashamed, ...
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Calls from debt collectors can spoil your mood and jeopardize your financial life. However, learning how to handle these calls and what to say and not to say can help you avoid financial troubles, legal issues, and emotional stress. This post is all about that.What should you do when you receive a debt collection call?What is the first thing you should do when a debt ...
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FDCPA can't be enforced on the creditors who’re contacting the debtors to collect their own debts. There are lots of misconceptions about what a creditor can do and can’t do against a debtor. If you’re thinking that the numerous calls that you’re getting from the persons are your creditors, then you’re wrong. They’re the third party debt collectors, not ...
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Student loans are meant for undergraduates whereas home loans are given to first-time or second- time home buyers. But what about personal loans? Personal loans are unsecured loans that you can get from banks, lenders, personal finance companies, and financial institutions. You can use personal loans in various ways to uplift your financial situation. The most ...
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If you have recently lost a loved one, you may have to deal with the probate process. Probate is a legal process of determining whether or not a will made by a deceased person is valid. If the deceased person has made a will, the court will appoint an executor. And the approval by the court will provide legal rights to the executor to act on behalf of the deceased ...
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