“How To Avoid Bankruptcy In Las Vegas”
The “B” word…..we know its a harsh word but sometimes we have to face our situations head on before they get worse.
Bankruptcy, according to finance guru Dave Ramsey, is often considered one of the top five life-altering negative events a person can experience, with divorce, severe illness, disability and the loss of a loved one. Ramsey says that bankruptcy “leaves deep wounds both to the psyche and the credit report” (Take the bankruptcy quiz: Are you headed for disaster?)
Bankruptcies in the United States were abundant last year, with more than 1.4 million chapter 7, 11, 12 and 13 filings through the end of 2017, according to data from the United States Courts. The reasons individuals or businesses file for bankruptcy varies from person to person, but one thing’s certain–going bankrupt means that one must declare complete legal insolvency. When you’re in over your head and can’t pay back your debts, it may seem like there’s no other alternative.
Make real sacrifices. Sometimes the most surefire way to save money is to simply cut back. If you’re teetering close to the edge of a Chapter 7, reassess your budget and get rid of unnecessary expenses. Are you in over your head on your credit cards? Can you do without eating out or going to the movies? Canceling that gym membership or cable bill, albeit temporarily, can free up a lot of money. Maybe selling your home and moving to a smaller place so that you can lower your debt load and payoff all of your credit card debts.
If you do decide to sell your home, checkout what we can offer by calling or texting us at 702-583-7824 or by simply filling out the form on this page.
As always, our humble advise is to seek legal council so that your legal rights as a homeowner and consumer is protected.