5 Things to Know About Government Lawsuits Against Mortgage Banks

Even though housing prices in Las Vegas and elsewhere began sliding in the mid-2000s, and the mortgage crisis didn’t strike until 2008, the federal government is finally prosecuting banks for committing various illegal acts. This should be welcome news for underwater homeowners who are considering filing Las Vegas bankruptcy. What benefits this will provide anyone is debatable, but based on …

Is Las Vegas Debt Stress Affecting Your Health? 4 Signs.

Dealing with debt (along with moving and starting a new job) is one one of the top life stress events.  And there’s no dispute that stress does affect your health. How do you know if your current debt situation is directly affecting your health? 1.  Unexplained aches and pains and/or auto-immune reactions such as a rash or even hair falling …

What If You Forget A Creditor During Your Las Vegas Bankruptcy?

Usually by the time a person visits a bankruptcy attorney in Las Vegas he or she has been struggling with overwhelming debt for months if not years.  Often the person’s creditors have not been paid for a considerable time.  It is not surprising that occasionally a person will forget to list a creditor in the bankruptcy paperwork. If an omitted …

Consumer bankruptcy filings increased! Listen Up Las Vegas.

Listen up Las Vegas…. across the nation, consumer bankruptcy filings have increased 14% from the same period one year ago. Over 770,000 consumers have filed bankruptcy during the first six months of 2010 – a rate of one in 150 households, according to data from the National Bankruptcy Research Center. The American Bankruptcy Institutes estimates that more than 1.6 million bankruptcy cases …

Las Vegas: The Bankruptcy Trustee Is Not Your Friend

The United States Trustee Program is a component of the Department of Justice. The Trustee Program appoints and supervises local private trustees who administer Chapter 7 and 13 bankruptcy estates. One of the private trustee’s chief duties in Chapter 7 cases is to liquidate the debtor’s nonexempt assets and pay creditors with the proceeds. Similarly, in a Chapter 13 case the trustee must …

Lien Avoidance in Las Vegas/Nevada Bankruptcies

Your Las Vegas bankruptcy attorney has many powerful to help you keep property while eliminating debt. One tool is lien avoidance, which is available to both Chapter 7 and Chapter 13 debtors. The general rule in bankruptcy is that debts secured by a lien must be paid or the property must be surrendered to the creditor. However, under certain circumstances, a lien can …

Five Common Las Vegas Bankruptcy Mistakes to Avoid

The federal bankruptcy laws promise a fresh financial start for the honest but unfortunate debtor. Bankruptcy balances the interests of the debtor to obtain his fresh start and the interests of the creditor to see that the debtor pays whatever he can afford. In some circumstances the debtor can complicate his bankruptcy case before he files. Mistake #1: Paying an Insider Creditor …

Discharging Bad Checks In Las Vegas, NV Bankruptcy

There are generally two types of “bad checks.” The first type is the kind that is “payable on demand” meaning that it is expected that the bank will honor the check when it is presented. This is the most common type of bad check. When you write a check that the recipient believes is “payable on demand,” and the check is returned for …

Las Vegas Debt Settlement vs. Bankruptcy

Examining your options is important for anyone experiencing debt problems. If you are considering bankruptcy or debt settlement to resolve your financial difficulties, investigate the consequences of each process before making your decision. Below is some information about debt settlement companies and bankruptcy that you may not know: Debt Settlement: The debt settlement process will harm your credit for years. Creditors will report your …

Automatic Stay in Bankruptcy in Las Vegas

The automatic stay is a powerful bankruptcy protection that immediately stops nearly all creditor action against a debtor. The automatic stay is a temporary injunction against debt collection and is meant to give the debtor a “breathing spell” from his creditors. The automatic stay permits the debtor to attempt a repayment or reorganization plan, or simply to be relieved of the financial …