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Bankruptcy: What Not to Do Before Filing

Are you unsure of what you should do as you consider your options for financial relief? Here’s what you should avoid doing to help your future financial situation.

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What to Expect During an IRS Audit

If you live and work in the United States, you have an obligation to pay income taxes. However, some taxpayers underreport their taxes, make math errors, or fail to report certain income.

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What You Need to Know About Bankruptcy and Divorce

If you are planning to get a divorce, the timing of your bankruptcy filing will be very important. When deciding whether to file for bankruptcy or divorce first, it is vital to understand your unique circumstances.

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Medical Debt and Bankruptcy

Injury and illness often happen without warning. From car accidents and work-related injuries to ongoing medical conditions, an unexpected life event can have a massive impact on your finances.

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Will I Lose My Retirement Accounts If I File for Bankruptcy?

You’ve socked away money in a retirement account for the day when you are finally able to quit working, but suddenly you find yourself with overwhelming debts, perhaps from medical or other unforeseen expenses, and now bankruptcy looms. Will the money you’ve saved for your sunset years be seized to pay your creditors if you file bankruptcy?

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Is it Possible to File for Bankruptcy More Than Once?

Bankruptcy allows people to discharge their unsecured debts and obtain a fresh start in life. Though many people fear the mere mention of bankruptcy because they feel it means losing everything, that is rarely the case, especially in Nevada, where residents enjoy generous exemptions that protect assets and possessions from being sold to pay creditors.

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What Do I Do Now That My Mortgage Forbearance Ended?

As a result of the lockdown and business closedowns due to the COVID-19 pandemic, a lot of American households had serious financial difficulties. In fact, many individuals and families couldn’t continue paying their mortgages. In order to alleviate the economic impact of the COVID-19 pandemic, the federal government introduced mortgage forbearance relief for the affected homeowners.

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What You Should Know About COVID Student Loan Forbearance

Unfortunately, many people experienced financial distress and health challenges as a result of the COVID-19 pandemic. As such, several individuals owing student loans were unable to keep repaying. To mitigate the effect, the federal government offered student loan forbearance relief – a temporary pause on a student loan – to those who were affected.

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What to Do If a Creditor Doesn't Respect Your Discharge

Filing for bankruptcy is a promising option to help you achieve financial relief during times of financial distress. At the end of your bankruptcy case, the Nevada court will discharge all qualifying pre-petition debts, and you won't need to pay back such debts. However, some creditors may fail to respect your debt discharge order.

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