What is a 341 Hearing in Nevada?

341 Hearing in Nevada Freedom Law

When you file for Chapter 7 or Chapter 13 bankruptcy, your attendance is mandatory in a 341 hearing as stipulated in Section 341 of the Bankruptcy Code.  It should be clear that this is not a court hearing but a meeting between you and your creditors, run by your bankruptcy trustee.   What Happens During the 341 […]

Advantages and Disadvantages of Chapter 13 Bankruptcy in Nevada

Making the decision to declare bankruptcy in Nevada is a tough one that should never be taken lightly. It has an impact on your future credit and self-image. However, once the collection calls and letters stop, it will significantly improve your immediate quality of life. In addition to considering whether to file, you should consider […]

Bankruptcy in Nevada: compare chapter 7 and 13 bankruptcy.

If your personal financial position becomes too difficult to manage and you accumulate more debt than you can possibly pay off, you may want to start looking into consulting with Chapter 7 and Chapter 13 bankruptcy lawyers in Nevada. Bankruptcy presents one of the most efficient strategies to get out of debt. The majority of […]

Chapter 13 Bankruptcy

Anyone with a regular stream of income who is downtrodden with debt, but is hopeful that these debts can be repaid if given enough time, can file for bankruptcy under Chapter 13 of the Bankruptcy Code. This chapter allows the debtor to file a plan wherein he/she agrees to pay a fraction of future income […]

What Is The Difference Between The Chapter 7, 11, and 13 Bankruptcies?

chapter 7, 11, and 13 bankruptcies

What is chapter 7:   In a chapter 7 bankruptcy, the bankruptcy trustee collects and sells the debtor’s nonexempt assets to repay creditors. An individual, a partnership. corporation, or another business entity may qualify for chapter 7. A chapter 7 case begins with the debtor filing a petition with the bankruptcy court. In addition to […]

Should I Tell Creditors That I Plan to File for Bankruptcy in Las Vegas?

harassment-phone-las-vegas

Having an overwhelming debt, an account going into collections, or having a lawsuit filed against you can be stressful.  Our Las Vegas bankruptcy and consumer protection attorneys at Freedom Law Firm are here to help. Over the past twenty years, we have helped thousands of people get out of debt.  When deciding whether to tell […]

How soon after bankruptcy can I get a credit card?

A bankruptcy filing may significantly impact your credit score and can result in a prolonged credit re-building process.  With that said, it is possible and can be a good idea to apply for a credit card after bankruptcy. In most cases, you will only be eligible for secured credit cards or credit cards explicitly created for […]

What documents should you gather in case of filing for bankruptcy?

Filing for bankruptcy is a challenging process.  Regardless of whether you’re filing for Chapter 7 or Chapter 13, you’ll have to prepare all the necessary documents beforehand. Here’s a closer look at what essential documents you need to gather if you’re filing bankruptcy: Tax Returns In case of Chapter 7 or Chapter 13 bankruptcy, you’ll have […]

How Much Does It Cost to File Bankruptcy in Las Vegas?

How Much To File Bankruptcy In Las Vegas

Everyone considering filing for bankruptcy wants to know how much it would cost. You may want to be aware of the following costs and expenses: You will be required to pay filing fees; You will be required to obtain credit counseling and take a personal financial management course; You may file on your own or […]

Marriage, Divorce, and Chapter 13 Bankruptcy

marriage-and-bankruptcy

Chapter 13 bankruptcy can be a powerful tool for people with above-median income, non-exempt assets, or significant secured debt. In a Chapter 13 plan, you may be able to reduce interest on some debts, eliminate late fees, and gain time to pay off past-due balances without the risk of lawsuits, wage garnishment, and other collection […]