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OVLG Blog: Debt Relief, Bankruptcy and Personal Finance Advice

Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.

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Articles · Page 39 of 129

FTC guards you from shady companies
Law

May Law Update: FTC guards you from 500 shady debt relief providers

Updated Mar 22, 2018

1. FTC has banned 300 companies providing debt assistance and home loans to consumers. It has also sued another 500 companies. Mortgage and debt relief service providers are prohibited from charging any fee before delivering on their promises of mortgage or debt relief. They can’t misrepresent the services they offer and misled people with regards to their debt ...

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Do charity to get tax write-offs this Easter
Tax

Do charity to get tax write-offs this Easter

Updated Mar 21, 2018

It is time to file taxes and get prepared for Easter as well. This is the busiest time of the year as you have to complete the tax task while getting prepared for the Easter.Also, this is right time when you should gear up to get the tax write-offs.Charitable giving can be a wise investment that ensures a tax benefit. You should make the charitable donations during ...

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IRS guidelines to follow when you’re choosing a tax preparer
Law

IRS guidelines to follow when you’re choosing a tax preparer

Updated Mar 15, 2018

It’s time to meet your tax preparer and file your income tax returns. The tax return preparer can help you file your income tax returns properly and possibly can even help you get a refund. So it’s extremely important to choose your tax preparer carefully. IRS guidelines for choosing a tax preparer The IRA has issued a few guidelines for choosing a tax ...

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4 Biggest tax breaks for the middle class in 2018
Law

4 Biggest tax breaks for the middle class in 2018

Updated Mar 14, 2018

The GOP tax plan claims that middle-class families in our nation will get more tax breaks in 2018. However, there are many controversies about the new passed Tax Cuts and Jobs Act (TCJA). Well, every new change has some good and bad sides. In this article, I will show you the good sides of the new tax bill and its impact on the people in our nation. 1. ...

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is bankruptcy a wise decision
Bankruptcy

Bankruptcy vs debt relief options - Who is the ultimate winner?

Updated Mar 14, 2018

While the ads pitch the promise of debt assistance, they rarely say assistance may be spelled b-a-n-k-r-u-p-t-c-y. And although bankruptcy is one option to deal with financial problems, it’s generally considered the option of last resort.The reason: its long-term negative impact on your creditworthiness. Bankruptcy information (both the date of your filing and the ...

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Ways to get IRS tax debt relief
Tax

Ways to get IRS tax debt relief

Updated Mar 14, 2018

Are you unable to pay your tax? Don’t lose your sleep if you can’t pay your full tax. The IRS has several methods to help you out.The methods differ based on various factors such as amount owed, your current financial status, and any fines incurred as a result of the tax debts. The debt relief programs provided by IRS are available for different types of tax debts ...

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use-year-end-bonus

2015 Year-end bonus: 6 Ways you can make the most of it

Updated Mar 12, 2018

There is a controversy between year-end bonus and quarterly bonus. Some people say, getting quarterly bonus help to save the money. This is because, the end of the year means a possible credit crunch due to the festive season. While some people admit that getting a large amount of money at a time helps to meet big financial goals like insurance payment, debt payment, ...

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