Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
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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This global pandemic is like an eye-opening event for people to understand how uncertain our lives are. People are now realizing the importance of estate planning to ensure financial security for their loved ones. Yes, the estate planning and planning for a medical emergency are certainly important for all the high-risk groups, such as medical professionals, first ...
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Student loans are good, but you need to be also aware that too much student loan debt can cost you painfully in near future. A student, who completed his graduation in 2009, having approx $30.000 student loan debt stated that, “ I wanted to get rid myself of the burden quickly. That anxiety gave me this laser focus to pay off that debt, I just found that fire and ...
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If you are a military personnel and serving the nation, you have the same rights as any other civilian to file for bankruptcy and urge for protection from intimidating creditors. There are no legal restrictions as of now to prevent you from filing personal bankruptcy and requesting protection under either the Chapter 7 or Chapter 13 provision. Is bankruptcy a good ...
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What happens when you stop making payments on your credit cards? Well, if you do so, its effects will become more adverse day by day! Once you are 30 days late, your creditors will contact you via email, phone, letters, to make the payments! You will be charged with hefty late fees, increased interest rates, etc. Besides, your delinquencies are reported after 30, ...
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Chapter 13 bankruptcy exemptions are like an ‘emergency window’ which gives you the last chance to legally save as much as you can when paying back unsecured creditors.Chapter 13 bankruptcy and 7 exemptions are same - Really?There is a big difference between Chapter 7 and Chapter 13 bankruptcy exemptions.In Chapter 7 bankruptcy, exemptions help you decide which ...
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If you see bankruptcy filing as the one and only way out of your debt dilemma, and if you are sure of doing it, the very next question that pops up is under which bankruptcy to file. For most people who are looking to file personal bankruptcy, the choice entirely ceases down to either Chapter 7 or Chapter 13 bankruptcy. So the question is - which one is better and ...
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