The more information you have going into a bankruptcy proceeding, the more prepared for the process you will be. Understanding the difference between secured and unsecured debt is particularly important, as this will be a major factor in which debts are discharged and...
Individuals who file for bankruptcy can keep certain personal assets, known as exemptions. Couples who file together can double the value of the exempt property they may retain. Before submitting a bankruptcy petition in Nevada, review the common exemptions state law...
As you ponder the decision to seek personal bankruptcy protection in Nevada, you will inevitably arrive at the question of which form of bankruptcy to file. If your hope is that your bankruptcy will bring you some much-needed debt relief, then a Chapter 7...
Chapter 11 bankruptcy is one option for bankruptcy protection. Most often, you would file this as a business since most individuals file under Chapter 7 or 13. According to the U.S. Courts, Chapter 11 does have some similarities to Chapters 7 and 13. As with those...
Even the most successful people can risk falling into insolvency. This may happen after a bad, large investment or a family business goes under. Whatever the reason, reorganizing debts may help individuals hold on to the current assets they have while repaying the...
Before you file for Chapter 7, you need to understand the fine details about this type of bankruptcy. According to the United States Courts, people can file for Chapter 7 if they are private citizens. Business partners and business owners are also eligible for this...
For custodial parents and non-custodial parents alike, back child support creates various problems. Financial hardships are often involved and non-custodial parents who fall behind face serious penalties, such as the loss of passport privileges, time behind bars and...
As a military parent, you have faced many challenges when it comes to spending time with your family. Not only is your time at home impacted by your military duties, but it can also dictate where you live. Going through a military divorce has been very taxing on you,...
There are two main types of bankruptcy protection for businesses: Chapter 7 and Chapter 11. Sometimes known as liquidation bankruptcy, Chapter 7 requires a business to sell off assets in order to partially satisfy creditors. For this reason, Chapter 7 is most commonly...
Knowing when to update an estate plan is crucial and can be as important as setting up an estate plan to begin with. In addition to routinely updating an estate plan, there are several occasions in the life of the estate planner that should prompt them to review their...
