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Filing for bankruptcy is no joking matter and is arguably one of the biggest financial decisions you may ever make. While it can alleviate your debt and get creditors off your back, it also deeply impacts your credit for up to a decade. But deciding not to file for bankruptcy can cause more debt to…
Many people know about bankruptcy, but are unsure of the specific terms and definitions that go along with filing for bankruptcy. Well, we’re here to help clear the air. Here are some of the most commonly asked questions regarding bankruptcy, hopefully giving you a better understanding of the bankruptcy process: What is Bankruptcy? Bankruptcy is…
With the average cost of filing for Chapter 7 bankruptcy protection costing more than $1,500, an estimated 200,000 to 1 million consumers are not financially able to file for bankruptcy each year. Another 200,000 people are expected to use their tax refunds to cover the costs of filing for the most common form of bankruptcy…
According to the United States Courts, “by filing under [Chapter 13 bankruptcy], individuals can stop foreclosure proceedings and may cure delinquent mortgage payments over time.” By law, all actions against you must cease once a Chapter 13 personal bankruptcy has been filed. Creditors cannot start or continue any lawsuits or wage garnishments and must even discontinue telephone calls…
Need a bankruptcy lawyer in Las Vegas? At Deluca & Associates we are here to assist you during this difficult time. Understanding the different types of bankruptcy is the first step towards filing and moving on with your life. So what are the differences among Chapter 7, Chapter 11 and Chapter 13 bankruptcies? Chapter 7…
Are you considering filing for bankruptcy but don’t know where to begin the arduous process of declaring Chapter 7 or 13? At DeLuca & Associates, our goal is to provide clients with all of the information necessary to help them move on from their monetary issues and start life anew, free from their previous financial…
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…
A lawyer’s blog is often their most prized possession. It gives them the opportunity to say whatever they’d like in an open forum where their thoughts and opinions aren’t judged, and they get to come back every week and write more. But as you spill your heart into every blog post, you realize that no…
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…
After the global recession in 2008, many firms have downsized and many firms as well as individuals have gone bankrupt due to the financial crunch. There are still many people who are trapped in the claws of the crunch and have been unable to recover from it. If you have come to a point where…