Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
Are you liable for your deceased parent's medical bill?It’s no secret that the cost of medical care is high, and keeps getting higher. Medical debt is the number one cause of bankruptcy in the United States, and many consumers are one car crash or major illness away from crushing medical debt. It’s true for everyone, including your parents. But what happens if ...
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Are you having trouble paying your hospital bill? Has your hospital filed a lawsuit against you? If yes, then you must be worried about your medical debt. But every problem has a solution, and this is no exception. However, to win a medical debt suit, you must be aware of your rights; otherwise you’ll never be able to defend yourself against aggressive collection ...
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The coronavirus has devastated our lives, be it physically or financially. On October 5, 2020, about 426 new coronavirus deaths and 42,223 new cases were reported in our country.On the other hand, a CNBC report reveals that almost 9 out of 10 people in our country are financially stressed due to the COVID-19 pandemic.Many people have lost their jobs due to the impact ...
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When speaking about financial security, then personal debt tops the list of topics people choose to discuss about theirs. And fortunately it has secured its place as one of the most engaging topics in the country. So, what does financial security got to do with you? This piece of article is got to...
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The debt free making system has helped hundreds people stuck in never ending and ever deepening debts. The debt settlement companies are trying to help the customers but are facing immense problem. The Federal Trade Commission (FTC) is trying to fight against abusive telemarketing by the settlement companies, who negotiate with the creditors to settle debts for less ...
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The American Rescue Plan Act incorporates some significant improvements to the tax code, in addition to including stimulus tests, expanded unemployment insurance, grants for vaccination delivery and COVID-19 training and research, and relief to state and local governments It extends the Section 162(m) cap on the deductibility of wages for publicly held company's ...
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The national debt is the sum a government owes to external lenders. Individuals, corporations, and even other governments can fall into this category. The terms “public debt” and “sovereign debt” are sometimes used interchangeably. The term “public debt” generally applies only to the national debt. The debt incurred by counties, territories, and towns is ...
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The Consumer Bankruptcy Reform Act of 2020 (“CBRA”) has been proposed by two Congressional Democrats, Elizabeth Warren from Massachusetts and Jerrold Nadler from New York. The Act has proposed sweeping changes to current Bankruptcy provisions, and it could prove to be very beneficial to consumers. Here are 5 reasons why this is a game-changer. Worried about ...
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