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Bankruptcy proceedings can be a complicated process to navigate. If you’re moving forward with a personal bankruptcy case, you’re not alone. In 2021, the U.S. Courts System recorded 413,616 Americans filing for bankruptcy. Filing a claim can be overwhelming in itself. But what do you do when your bankruptcy case occurs during a move between…
Understandably, you will have many questions about how filing bankruptcy will impact different financial obligations. One frequently asked question is whether filing bankruptcy will affect a rental agreement for an apartment or a house. Another one is, “Can I rent after bankruptcy?” As long as you are current on your rent payments, nothing should change…
Multiple factors can lead to financial challenges. Illness or injuries may produce thousands in medical bills. Recessions lead to job losses, and pandemics may also keep employees home. Unexpected expenses and income shortages may leave people unable to pay their bills. When this happens, some may consider bankruptcy as a way to resolve their financial…
If you are considering filing for either Chapter 7 or Chapter 13 bankruptcy in Nevada, there are some exemptions specific to the state that you should be aware of. Although bankruptcy is largely governed by federal law, some exemptions and information are available on a state-by-state basis. You retain your property and assets when filing…
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,…
Before filing a petition for either Chapter 7 or Chapter 13 bankruptcy in Nevada, you, as a debtor, have to go through a credit counseling course. Also, you have to arrange your bankruptcy forms and petitions. After filing a request to declare bankruptcy in the bankruptcy court, you have to experience a debtor education course. This course is essential…
Las Vegas is one of the most populated cities in the United States. Located in the State of Nevada, Las Vegas is renowned worldwide. Primarily famous for gambling, the city is also particularly known for lavish hotels, exquisite resorts, and incredible shopping malls. You can opt for fine dining, branded products, and 24/7 entertainment at…
Bankruptcy law prevents collection calls and all other forms of debt-collection attempts once a case has been filed. The injunction, called the automatic stay, prohibits further actions from debt collectors including phone calls, lawsuits, letters and all other forms of communication. All contact is strictly prohibited, and most creditors oblige, resulting in immediate relief from…
Chapter 7 is the simplest form of bankruptcy in which a debtor asks the court to cancel their debts because of their inability to pay. Under this type of bankruptcy, the debtor may have to surrender some property, but does not have to surrender all property. In most cases, the defendant can keep property that…
Bankruptcy is your last resort when it becomes increasingly difficult to pay for even the basic amenities such as medical expenses and credit card bills. Your credit rating might go for a toss but you are not alone in this turmoil. Numerous people have filed for bankruptcy in the past few years. It will definitely…
In today’s world where finances are not easy to handle, and the economies go through recession after recession, it is no wonder that creditors are hard to pay. Expenses rise for the common man as inflation occurs, and there are always medical bills, job losses, divorces, lawsuits and other unforeseeable expenses. A lot of people…
When the Americans are overburdened with a huge amount of debt, they wonder about the ways in which they can get out of it and live a stress-free life. While there are options like debt settlement, debt consolidation and bankruptcy that they can resort to, they often get confused about the options that best suit…