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Filing for bankruptcy can provide you with a fresh start, but sometimes it can be difficult to know which steps to take after everything is said and done. For example, some businesses or organizations may require you to prove that you are a responsible consumer before conducting any business with you. Here is a look…
Planning to file for Chapter 7 or Chapter 13 bankruptcy in Nevada? We understand you might feel a little…overwhelmed. Take a deep breath. Here’s a step-by-step guide to preparing yourself for bankruptcy court. Find out where to file Nevada has only one judicial district, but it is comprised of two divisions: a Northern Division and…
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…