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Chapter 7 Bankruptcy is the most common type of bankruptcy filing for consumers. It allows individuals, married couples, and even companies to eliminate – or “discharge” – most kinds of unsecured debt. Secured debts such as home and auto loans work a bit differently, though. When filing for Chapter 7 Bankruptcy, debtors must present a…
Getting successful results for your Nevada bankruptcy means knowing what exemptions exist and using them to your advantage. It’s essential to understand the exemptions to know what to expect in your bankruptcy proceeding. The Nevada bankruptcy lawyers at Deluca & Associates answer all your questions about common bankruptcy exemptions. About Bankruptcy Exemptions What Is a…
Revisiting an area we’ve already discussed, you may still be debating whether filing Chapter 7 yourself is the right option. It’s still best to work with an attorney, but if you decide to attempt to file on your own, you should be aware of the most common mistakes that jeopardize self-filed bankruptcies. Here are seven…
Most people file Chapter 7 bankruptcy to get a fresh start with their lives and discharge their debts. And most credit card debts can be discharged through a Chapter 7 bankruptcy, meaning you will no longer have to pay them back once your bankruptcy claim is completed. Just as you had to build your credit…
Are your financial troubles causing you to rack up child support debt? Filing for Chapter 13 bankruptcy can help you catch up on payments while you settle your debts. Keep reading to find out more about child support and bankruptcy. Photo courtesy of Jen R Filing for Chapter 13 bankruptcy does not eliminate child support…
It’s no surprise that Americans lost overall wealth during the Great Recession. Jobs were harder to come by, investments faltered and housing prices stagnated. Though we are now on the upswing, the downturn affected how consumers make purchasing decisions, from buying fewer luxury goods to taking out fewer loans. A recent Federal Reserve study showed…
Comedian Toba Beta once said, “You get old faster when you think about retirement.” Ignore this. The more you think about your retirement, the more alive you’ll get to be once you do retire. And if, like some of us, that time is increasingly nigh—you should consider how to live as well off as you…
A recent bankruptcy case indicates there is hope for individuals filing for bankruptcy with student loan debts. A 9th U.S. Circuit Court of Appeals partially discharged the student loans of Michael Hedlund after a 10 year battle in court. Ordinarily, debt from student loans cannot be discharged through the normal bankruptcy process. For student loans,…
Need a little help keeping your budget within the “sane” range? Previously, budget tools included pens, paper and lists. These days, budgeting tools have gone high-tech and include a number of online options that are ideal for helping you track your finances and build the lush savings account you’ve always wanted. Check out five of…
Tax season is upon us again. For many, that means tax and other IRS debts. Those struggling to pay off tax-related debts may wonder, can you file bankruptcy on IRS debt? The answer depends on your individual circumstances, but in many cases, bankruptcy offers quick, lasting relief from tax debts. Read ahead to find out…
Filing for bankruptcy is a serious matter and if it can be proven that a filer has committed fraud, there are very serious consequences. A fraudulent filing will at the very least be thrown out of court, but often stiff fines and penalties are levied. Fraud is a federal offense, so these cases can build…
There’s no shame in owing a little bit of money, but if you’re behind on paying your debts you might find yourself the target of borderline harassment by debt collection agencies. The good news is that you still have rights. Read ahead to find out more information about the Fair Debt Collection Practice Act (FDCPA)…