Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
What will you do if I say that 2016 has many tax surprises in store for you? Yes, you heard it right! Tax surprises! Do you want to know what they are? If yes, then have a look below to find out the changes in tax laws for 2016: # As per the ACA (Affordable Care Act) or Obamacare, if you don’t invest in any kind of health insurance, then you have to pay an ...
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If you are subdued with overwhelming debt burdens and walking down the bankruptcy alley for a fresh start, you perhaps have already faced many entities claiming to repair your blemished credit report after the bankruptcy or remove the stain of bankruptcy and liens from your credit report altogether. Today, thousands of credit repair companies operate across the US ...
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Have you gone through any financial hardship after bankruptcy that blew away your savings? If yes, then you must be careful about the future financial prospects. Remember, filing bankruptcy hits credit score badly, so you should take right financial steps to get back your financial stability. Getting back your previous score requires positive efforts and time. You ...
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My mom passed away two years back. Over the past two years, I have had tough times but it helped me to get practical knowledge on finance, banking, household, and so on. Along the way, I made mistakes and learned a lesson from them as well. There were ups and downs throughout the journey, but it built confidence in me, and I hope it'll help me to have smooth financial ...
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“Filing for bankruptcy” is like a divine option for people stuck in a hard financial condition. It’s true that people in any financial situation want to avail the benefits of bankruptcy. Besides non-business entities, business entities also file for bankruptcy every year. For instance, “American Apparel filed for chapter 11 bankruptcy protection on 5th Oct ...
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When a large city like Detroit files bankruptcy, it means serious trouble for the residents. In 2013, Detroit filed Chapter 9 bankruptcy to pay off $18 billion debt to make a fresh financial start. Pension, medicare obligations, pending bills surpassed the annual revenues of Detroit by billions of dollars and this brought the city to the state of insolvency. Okay. I ...
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Hello my dear readers, Today I would like to share the story of Mr. Aaron Wise, my neighbor in Oakland, California. Mr. Wise works as a store manager. He is married and has two adorable daughters. He’s always cheerful and loves to make people laugh by cracking jokes. A few months ago I visited his store. To my surprise, I discovered a scar of distress at this ...
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Can you boost your credit score just by keeping your landlords happy? Till 2010, the answer would have been a straight ‘no’. But from 2011, the situation changed after Experian acquired RentBureau. As the name suggests, RentBureau is a special credit reporting agency that mainly focuses on rental payments. They collect rental payment information from property ...
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