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The Bankruptcy Discharge: What You Need to Know

During the 12-month period that ended September 30, 2018, more than 760,000 Americans filed for bankruptcy under Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code. These Americans were facing seemingly insurmountable debts, but the bankruptcy process offered them a way out. The way bankruptcy does so is through the discharge, a court order that terminates a debtor’s liability …

Debt Settlement and Your Taxes

Debt settlement ads are very attractive to individuals struggling with debt. The promise is to reach an agreement you can afford to pay. The debtor agrees to pay a percentage of the debt (usually in a lump sum), and the creditor agrees to release the remaining obligation. Sounds simple, right? Unfortunately, many times the debtor will receive a nasty surprise …

8 Reasons to Stay Clear of Las Vegas Debt Settlement Scams

In the movies, you’ll see a con artist, often played by an unusually handsome actor, tricking wealthy people (who deserve it) out of their money. It often makes for good entertainment. Will the victim con the con artist; what if the con artist develops a conscience, etc.? In real life, though, scammers target the poor, not the rich. People with …

Las Vegas Debt Collection and Your Rights

Debt collectors can be ruthless. Persistent telephone calls at home and work, embarrassing letters in red envelopes, calls to friends and family, and even public posts to your Facebook account are all dirty tactics that debt collectors employ to harass you into paying. Fortunately, there are laws that protect you from unlawful creditor harassment. The Fair Debt Collection Practices Act, …

Debt Collection After a Las Vegas Bankruptcy

Your bankruptcy discharge prohibits certain creditors from collecting from you personally after your bankruptcy case.  So what happens when a creditor contacts you after your discharge?  The answer depends on the situation and first involves answering three questions: (1) “Was the debt discharged in bankruptcy?” (2) “Is the collection directed at the discharged debtor?” and (3) Was the creditor notified …

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 …

Las Vegas: When Paying Your Debts Can Cause Trouble

Many tough decisions are made when a family is struggling with debt.  Often debts are paid according to priority.  Those bills at the lowest priority may not get paid at all.  While this may be a good strategy under ordinary circumstances, it may back-fire when a bankruptcy is imminent. The act of paying one creditor while ignoring another is called …

Debt collector scam defies belief

Las Vegas may be the “foreclosure capital” of the U.S.  But Erie, PA may now be the country’s “bizarre debt collector scam capital.” Apparently, a debt collection company called Unicredit, Inc. (also known as “Unicredit Debt Resolution Center”) decided it would be more effective in its efforts if it set up its office to look like a court.  Everything from …

Las Vegas Student Loan Debt: 7 Things That Can Happen if You Default

Student loan debt has now surpassed credit card debt – read more.  Congress is making noise again about permitting student loans to be discharged in bankruptcy – read more. (FYI, at present student loan debt has special status that makes it particularly hard to get rid of.) Student loan debt is a serious problem for many Las Vegas residents and …

Las Vegas: 5 Things You Should Know About Debt Collectors

Debt collectors have a bit of what we call a “reputation problem.”  So is it deserved?  Or entirely without merit? A Wall Street Journal reporter named Fred Williams decided to find out.  He went to work as a debt collector for a large, mainstream debt collection agency.  And he wrote a book about it titled Fight Back Against Unfair Debt …