Utility Bills in a Nevada Bankruptcy: Handling, Consequences, & Discharge Filing for bankruptcy in Nevada can provide individuals with a path to financial relief and a fresh start. When considering bankruptcy, it’s essential to understand how utility bills are handled, what might occur if you don’t pay them, the types of utilities typically included in a bankruptcy filing, which utility companies are frequently part of bankruptcy filings in Nevada, and whether overdue utility bills can be discharged through bankruptcy. This comprehensive discussion will delve into these topics, offering in ..read more

Navigating Chapter 13 Bankruptcy In Nevada: Your Path To Financial Recovery In the world of personal finance, unexpected twists and turns can leave you in a sea of debt and financial uncertainty. When faced with overwhelming financial challenges, such as mounting debt and potential foreclosure, many individuals in Las Vegas, Nevada, turn to Chapter 13 bankruptcy as a lifeline. However, the decision to file for bankruptcy is not one to be taken lightly, as it can have a profound impact on your credit and overall financial future. In this blog, we’ll explore how filing a Chapter 13 bankruptcy in ..read more

Cryptocurrency Gambling & Inflation: A Risky Bet Leading To Bankruptcy In Las Vegas In the glitzy oasis of Las Vegas, where dreams are spun on roulette wheels and fortunes won at poker tables, it’s no surprise that risk-taking is part of the culture. However, in recent times, a new form of gambling has emerged that can be equally as perilous—the cryptocurrency market. With the allure of quick riches, coupled with the creeping inflation affecting Las Vegas, individuals are tempted to make hasty financial decisions, which can ultimately lead to bankruptcy. In this blog, we’ll explore how gam ..read more

What are the Biggest Financial Mistakes of Residents of Las Vegas, Nevada? To err is human, and financial mistakes are just one of the types of mistakes we can make. Las Vegas residents are prone to making mistakes similar to people across the rest of the country but also face some challenges that are unique to Nevada. When financial mistakes catch up to you, your finances and entire way of life could be at risk. Debt relief may be necessary to protect your income and safeguard your assets from your creditors. If your debts are mostly unsecured nonpriority debts and you meet Nevada’s income re ..read more

Title Loans & Bankruptcy Most of us have seen title loan companies as we pass by on the street. Title loans allow people to quickly get cash from their vehicle’s title. This can be useful when someone is in a financial squeeze but knows they will have the money to pay the loan back soon. However, title loans are also risky. They have sky-high interest rates and penalties if they aren’t repaid within the loan’s terms. You could even lose the title to your vehicle to the title loan company. This may not affect you immediately but could damage your credit and create obstacles if you ever wish ..read more

Are Student Loans Dischargeable In Bankruptcy In Nevada? Can Bankruptcy Help Me Get Out Of My Student Loan Debt? Millions of Americans borrow money for college and university each year. In total, Americans carry over $1 trillion in student loan debt, a significant percentage of which is past due. When individuals are also facing high mortgage and rent, increased cost of living, medical bills, and other types of debt, repaying student loans can become almost impossible. Struggling families may wonder where to turn and whether filing for bankruptcy in Nevada can be a viable solution. In fact, ov ..read more

Completing Your Bankruptcy Credit Counseling Courses As Michael Scott famously needed to be informed in The Office, you don’t just simply “declare” bankruptcy. It is a lengthy and involved process that starts with creating your bankruptcy petition. A bankruptcy petition will generally be dozens of pages long, and any mistakes throughout could put your case in jeopardy. Another crucial part of discharging debt through bankruptcy is completing your online credit counseling courses. Failure to complete these educational courses will usually result in your case being dismissed. When your case is d ..read more

Will My Creditors Be Notified If My Nevada Bankruptcy Is Dismissed? Bankruptcy petitions are lengthy legal instruments that require supporting documents. One of the things a debtor must include with their bankruptcy petition is the creditor mailing matrix. This is a list of all the debtor’s creditors and their addresses so that the court can notify them of the bankruptcy filing. Ideally, a bankruptcy case will proceed until the debtor’s obligations are discharged. However, the court could find cause to dismiss a bankruptcy case for several reasons. So will creditors be notified of a case dismi ..read more

Nevada Bankruptcy vs. Offer In Compromise Debt is so much more than a balance owed to a creditor. It can mean stress and embarrassment about the inability to pay, negative marks on your credit report, and late fees and interest racking up the bill. When debt reaches a certain point, your phone will be ringing off the hook with debt collectors seeking payment. They may even proceed with a lawsuit, wage garnishment, vehicle repossession, home foreclosure, and more. Many people are aware that bankruptcy can help with these types of situations, but are reluctant to go through with filing. There ma ..read more

Can I File Bankruptcy In Nevada If I Have SBA Loans? Nevada was one of the states hit hardest, at least economically, by the COVID-19 pandemic. Thankfully, many Nevadans who lost income due to the pandemic were able to benefit from provisions set forth by the CARES Act of 2020. There were stimulus payments available to those who met certain income limitations, as well as increased unemployment benefits for those who lost their jobs. But these types of provisions may not be as useful for small business owners, who represent a large percentage of employed individuals in Nevada and the United Sta ..read more