The Texas two-step is legal under Texas law, which allows companies to split themselves into two or more companies. However, some experts have criticized the strategy, arguing that it enables businesses to avoid their legal obligations. If you have been impacted by the Texas two-step legal strategy, it is important to take action as soon …
If you have a loved one who has recently passed away, you may be wondering what to do with their belongings such as bank accounts or physical items such as a house or car. You may be wondering how to handle that person’s debts such as their mortgage or credit card bills. Furthermore, you may …
COVID-19 has caused an unprecedented level of business interruption throughout our nation. As a result, many policyholders have filed claims stating that insurance companies should cover their financial losses due to the business interruption coverage clause in their insurance policy. However, business interruption clauses trigger coverage only if you experience a “physical loss” that leads …
What Kind of Debts Does Bankruptcy Eliminate? In a Chapter 7, almost all unsecured debts (debts not secured by personal or real property) such as medical debt, credit card debt, personal loans, some judgments, payday loans, vehicle deficiencies, mortgage deficiencies, and certain tax debt with certain exceptions such as income tax liabilities for the past …
How to Draft a Hardship Letter Be concise, most negotiators have about a hundred files that they are dealing with, so be short, sweet, and to the point. Tell the negotiator your hardship and tell them that you are no longer able to afford your loan payments. Explain that you have no assets with which …
The Foreclosure Mediation Program in Nevada If you receive a Notice of Default on your primary residence, you have 30 days to elect to participate in the Foreclosure Mediation Program. If you decide to participate in the Foreclosure Mediation Program, your foreclosure will be put on hold until after the mediation. You can retain our …
NRS 21.090 Property Exempt from Execution Private libraries, art, instruments, and jewelry (Up to $5,000) and all family keepsakes (example: wedding ring) Household goods, furnishings, clothing, electronics (Up to $12,000) One vehicle (equity up to $15,000) 75 percent of disposable income (disposable income is defined as income after deductions). One firearm Life Insurance benefits Home …
Can You Stop Wage Garnishment? Yes, garnishment will stop when your case is filed. However, the one exception to this is for child support enforcement suits. Van Law Firm has helped many in the Las Vegas and Henderson community with foreclosure, short sale, bankruptcy, debt settlement, loan modification, and personal injury. Please feel free to …
Can Bankruptcy Stop Foreclosure on My Home? If you have fallen behind on your payments and are facing foreclosure, filing for bankruptcy can stop foreclosure on your home temporarily or allow you to catch up on your payments. Once the bankruptcy is filed, all creditors, including your mortgage company, must cease collection efforts. Your mortgage …
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