Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
What happens to the employees of Chesapeake Energy after filing bankruptcy? Chesapeake Energy has filed Chapter 11 bankruptcy (also known as business bankruptcy) in the last week of June 2020 after incurring a gigantic loss of $8.3 billion in the first 3 months of 2020. Why did Chesapeake file Chapter 11 bankruptcy? Chesapeake Energy is considered as a pioneer in ...
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As per the report of the Census Bureau, in the US, there are 2.8 million widows and 800,000 widowers. They all have lost their partners at a young age. Some of them have lost their earning spouse even before securing life after retirement.Nothing is more painful in your life than the spousal death. The loss of life can't be compensated by any means. You may feel like ...
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It has been a while since the COVID-19 outbreak. Thousands of lives and jobs have been lost due to this viral pandemic. It's as if the whole world is fighting a bio war.Apart from the health hazards, the economic effect on the entire world has been disastrous. Many workers are laid off as companies have been forced to shut down due to the social distancing ...
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Do you have unpaid credit card dues? If yes, then you might be getting calls from your credit card company to make the necessary payments asap! Usually, the credit card companies will reach out to you when you don’t make any payment for almost 30 days from the original due date! And once your account becomes delinquent for more than 60 days, it may go for ...
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Debts are debts. No matter who owes whom, one needs to pay them off to regain peace of mind. Well, some debts are marked as ‘priority’. Do you want to know why? Let’s find out. Why debts are termed as ‘priority’? ‘Priority debt’ is more like a jargon, a term that has cropped up due to bankruptcy. Individuals often do away with their unsecured debts in ...
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Answer a few questions in a minute and we will tell you about the debt relief program that is best suitable for your current financial scenario. Remember, the right debt relief program will help you reduce your existing problems and make your financial life better. On the other hand, wrong debt relief program will only complicate your life.
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Collection accounts sparkle on your credit report for 7 years and 180 days. They’re one of the worst types of negative listings on your credit report. Recent or new debt collection accounts can drop your credit score significantly.What is a debt collection account?A debt collection account is a past due account. Usually, creditors assign or sell your accounts to ...
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As time gets harder and tougher for the US debtors, an increasingly large number of debtors are turning to credit card debt settlement as the best way to put an end to their financial trouble. When the debtors pull out their finances and see that it is impossible for them to repay the entire amount with efforts of their own, they usually consider debt settlement ...
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