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If you are facing a lawsuit from a creditor or collections agency, there are three common responses: filing a timely answer to their complaint, negotiating a settlement before your answer is due, or filing for bankruptcy. Whatever the case, you need to respond in some way or risk being hit with a default judgment by…
Times may be tough for many Americans, but the 2012 Report of Statistics Required by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 indicated fewer people filed for bankruptcy in 2012 than in 2011. While 1.1 million bankruptcy filings were reported in 2012, this is a 14 percent decrease from the previous year. Filings…
Many people dealing with financial problems have tons of questions regarding their economic situation going forward. One of the most popular questions asked is: will I be able to keep my car, truck or other motor vehicle if filing for Chapter 13 bankruptcy? People can generally keep their cars when they file for Chapter 13,…
Many people considering filing for bankruptcy worry that their credit will never recover. The truth is, you cannot only rebuild your credit after bankruptcy but also have an excellent score within a few years. If you’re looking for steps on how to repair credit score after bankruptcy, look no further. Read ahead to find out…
Have you already filed for bankruptcy once, but have fallen on hard times and are looking to file again? Before you contact a Nevada bankruptcy attorney, it is important to understand when and if you are eligible to file bankruptcy again. How often can you file for bankruptcy? Most people are surprised to learn there…
Are you considering filing for Chapter 7 bankruptcy? Before doing so, make sure you pass the bankruptcy means test, which is designed to ensure that only those individuals who truly cannot pay their debts file for bankruptcy. The bankruptcy means testing determines whether or not your monthly income is too high to qualify for bankruptcy….
At Deluca and Associates we understand that the decision to file for bankruptcy is not an easy choice. Working with an experienced chapter 7 bankruptcy attorney will help make the process easier, however there’s still a lot of up-front questions that require answers. One such question is “How long will this take?” While no two bankruptcy…
Bankruptcy stays on your credit report for seven years after you file, which is a fact that can impact both how likely you are to get a loan and the interest rate you’ll get. Most people assume that you have essentially no chance of getting a good car loan after Chapter 7 bankruptcy, but this…
When it comes to filing bankruptcy, many people elect to represent themselves because they cannot afford the attorney fees or they have simple cases and don’t feel the need to pay for expert help. While it is definitely possible to file without the assistance of a chapter 7 bankruptcy lawyer, it is not always the…
Are you facing financial issues and thinking about hiring a chapter 7 bankruptcy lawyer in Las Vegas, but are concerned doing so will affect your retirement funds? At DeLuca and Associates we understand your fears. Although there are exceptions, generally retirement savings are not in danger if you file for bankruptcy. What Creditors Can’t Do…
Declaring bankruptcy is never an easy thing, however it’s the first step towards rebuilding your finances and credit. At Deluca and Associates we are trained chapter 13 and chapter 7 bankruptcy lawyers that can help you during this difficult time and take the first necessary steps towards resolving debt. Check out a few tips for…
It is a common misconception that student loan debt is not susceptible to bankruptcy. The truth is that student loans, whether federally or privately held, can be discharged by filing for bankruptcy. The key to discharging debt that you owe for your education is proving that the debt causes you an undue hardship. While “undue…