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Filing for bankruptcy can cause even the highest credit scores to plummet deep into the subprime lending zone. Whether you start in the high 700s or the low 600s, bankruptcy will most likely drop your credit rating well below 550. Being in this “subprime” lending zone means that an individual will have difficulty obtaining loans…
In 2021, Southern Nevada and Clark County experienced one of the worst drought periods on record. Unfortunately, this year has been just as bad, with exceptional or extreme drought conditions in Clark County since early May. As you can imagine, the continued Nevada historic drought conditions are having effects on businesses and residents alike. How…
In August 2022, President Biden announced a plan to cancel student loan debt ranging from $10,000 to $20,000, depending on various requirements and income levels. However, at the beginning of November 2022, a federal district court in Texas ruled the plan was unconstitutional. As a result, many borrowers have no idea whether they will still…
Between a pandemic that has shaken the globe and the most recent inflation spikes that the United States has recently seen, the economy appears to be in a constant state of chaos and affecting everyone’s lives. The pandemic knocked many people off their feet, both financially and physically, as most people were suddenly unable to…
If you are considering filing for bankruptcy, you need to know how your credit score is going to be impacted. You also need to know how long it will take to recover financially. The most important thing to remember is that filing for bankruptcy can provide financial relief when you are struggling the most. As…
Filing for bankruptcy can be a hard decision to make. Once made, those who have declared, undergo intense scrutiny in hopes that their debt will be discharged. Once discharged, the debts are legally required to be removed from the declarer’s credit report. Banks are not following the rules. Some of the nation’s largest banks are…
Bankruptcy is set up to allow debtors a reprieve from bills that they are unable to pay. The financial scrutiny they face is intense— every bill, bank account, asset, possession and debt is examined thoroughly. Then, if the courts decided that an individual should be granted a discharge, they are allowed what essentially amounts to…
One of the most important things for people that have recently filed for bankruptcy to keep in mind is that taxes still need to be paid after filing for chapter 7 or 13. It can be confusing determining when and how much to pay in taxes, especially if you have to file taxes for individual…
With divorce being one of the leading causes of people filing for bankruptcy, it is important to make sure that both situations are filed appropriately and handled with extreme care. Fortunately, some steps can be taken to help you make your divorce and bankruptcy filings less expensive and more beneficial for both parties. Making the…
Student loans are one of the most difficult forms of debt to discharge through bankruptcy. In most cases, student loans remain even after a bankruptcy has been successfully filed by a debtor. Even though it is difficult to wipe out student debt, it’s important to keep in mind that it is not impossible. Who qualifies?…
Getting back into good financial shape after bankruptcy is a long and tedious process, so much so that the idea of home ownership can seem like nothing more than a dream. However, after filing for bankruptcy, there are certain steps you can take to get yourself back on track, and on the road to financial…
Filing for bankruptcy can cause even the highest of credit scores to plummet deep into the subprime lending zone. Whether you start in the high 700s or in the low 600s, a bankruptcy will most likely drop your credit rating well below 550. Being in this “subprime” lending zone means that an individual will have…