Filing for bankruptcy can be a stressful experience, but understanding how to manage your assets can help ease the process. In Las Vegas, like the rest of Nevada, certain laws determine which of your assets are protected (exempt) and which may need to be sold off (non-exempt). Knowing the difference is crucial for your financial …
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Facing foreclosure can be a terrifying experience. The thought of losing your home adds immense stress to your financial troubles. Fortunately, there are legal ways to prevent this from happening, even if you’re dealing with significant debt. Chapter 13 bankruptcy offers a powerful tool that can help you keep your home while you work to …
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Life can throw unexpected financial challenges our way, leaving us buried under unmanageable debt. Whether it’s from medical bills, credit card debt, or loss of income, finding a way to start fresh becomes crucial. Chapter 7 bankruptcy offers a solution for those who need to wipe the slate clean and regain financial stability. Chapter 7 …
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Filing for bankruptcy might feel overwhelming, especially when you don’t know where to start. Many people feel lost and unsure of their next steps. If that’s how you’re feeling, you’re not alone. Chapter 7 Bankruptcy could be a lifeline if you find yourself buried in debt and unable to meet your financial obligations. Chapter 7 …
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It’s a debate that may not seem one-sided to someone swimming in $100K of student loans with no end in sight. Nevertheless, there are at least two sides to the argument. Is allowing former students the ability to discharge their debts by filing for bankruptcy the best way to handle the student loan debt issue? …
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Many a former students have wondered how to relieve their hankering debt worth tens or hundreds of thousands of dollars after receiving their education. Unlike other forms of debt, however, individuals have not been able to easily turn to bankruptcy for relief. Student loans are notoriously hard to have forgiven in bankruptcy court. Why can …
Filing for bankruptcy can be a stressful and confusing time. Sometimes, it’s the uncertainty of your future that creates the most anxiety. Knowing what to expect up front can truly help alleviate some of that mental burden. You may not have to turn over all of your assets to satisfy your debts. There are assets …
Continue reading “Surviving Bankruptcy: What Debts Get Erased Afterwards?”
When most people think of filing for bankruptcy, a bleak picture comes to mind: all possessions being removed, a home being lost, nothing left but the clothes on your back. Thankfully, this is far from the case. Bankruptcy is not meant to put you on the streets or make you start from scratch. In fact, …
Filing for bankruptcy doesn’t need to be an anxiety-ridden process. In fact, the process can go smoothly if you know what to expect and how to prepare. Consider this a general, beginner’s guide to the process of filing for bankruptcy in Nevada. Of course, nothing beats sitting down with a qualified and experienced bankruptcy attorney, …
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The COVID-19 crisis has sent unemployment filings into a tailspin. According to ABC News, nearly 10 million Americans filed for unemployment protections in March 2020. Businesses quickly shuttered their doors. Others sharply reduced hours for employees and limited what services they offered to the public. Filing Bankruptcy in the Coronavirus Era Experts say that bankruptcy filings are …
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