#bankruptcyrelief

[freedomlegalteam]

Freedom Law Firm is one of the largest Summerlin & Las Vegas based law firms. Specialising as Bankruptcy Lawyer in Chapter 7 & Chapter 13 Bankruptcy, Freedom Law Firm has attorneys with about 30 years of combined experience! To schedule an appointment for Bankruptcy, Foreclosure & Debt Collection abuse help in Southern Nevada, call now on 702-880-5554 or 702-385-5518 today! Their entire focus is on offering comprehensive debt relief solutions for Nevadans like you!

[seanflynnlaw]

Benefits of Filing for Bankruptcy

Benefits of Filing for Bankruptcy

Many people believe that filing for bankruptcy worsens their financial position. However, this is not entirely true. While it is true that bankruptcy affects a person’s finances for some future years, in many cases, filing is the next best option. Here’s why: Suspension of Debt Collection Once you file for bankruptcy, the court automatically issues a stay against all creditors and debt collection…

[seanflynnlaw]

Bankruptcy Warning Signs: Am I in Trouble?

Bankruptcy Warning Signs: Am I in Trouble?

Most people do not realize that they are under threat until they hit bankruptcy. Suddenly, they have no money, piling debts, and threatening calls to tend to. Here are bankruptcy warning signs to look out for: Missing Payments This is the number one sign that you should look out for. If you are unable to meet the deadline for your bills and they are overdue, this means that your debt has started…

[seanflynnlaw]

Bankruptcy Misunderstandings

Bankruptcy Doesn’t Mean Losing Any of Your Property When most people imagine bankruptcy, they think of one having to part ways with some or all of their assets to pay back creditors. It is because of this misunderstanding that many shy from taking advantage of bankruptcy when they are finding it difficult to manage their debts. It is important to know that for individuals’ debtors, two main types…

[seanflynnlaw]

Credit Counseling and Debtor Education Requirements

Credit Counseling and Debtor Education Requirements

It is required for anyone wanting to file for bankruptcy that they take prebankruptcy credit counseling and predischarge debtor courses. Both courses are taken at different times in the process. Credit counseling, the first course, must be taken before filing for bankruptcy, whereas the debtor education course after filing. Sometimes, an additional class on managing personal finance must be taken…

[seanflynnlaw]

Chapter 13 Eligibility Checklist

Chapter 13 Eligibility Checklist

For those struggling with mounting debts who want to retain their assets, Chapter 13 bankruptcy can serve as a viable means for them to do. In Chapter 13, your debt repayment plans are rescheduled based on the court’s assessment of what you can afford for the duration of the bankruptcy – which is typically 3 to 5 years. With that said, not everyone can qualify for a Chapter 13 bankruptcy. Here is…