Department of Business and Industry Commissioner says NO to NV’s unreasonable HOA fees
On November 18, 2010, George E. Burns, Commissioner for the State of Nevada Department of Business and Industry, Financial Institutions Division, gave the citizens of Nevada a slice of fairness. Commissioner Burns signed an Order that officially halts the seemingly tyrannical behavior of Home Owners Associations collections agencies (hereinafter HOA’s) across Nevada. Pursuant to the […]
The Automatic Stay In Bankruptcy
The instant bankruptcy is filed, for either Chapter 7 or Chapter 13, a protective umbrella called the automatic stay is triggered which protects the debtor and the debtor’s property against the continuance of any action by any creditor. For example, the automatic stay would protect and STOP a pending foreclosure. Additionally, when filing a Chapter […]
Bankruptcy FAQ
1. What is a Chapter 7 bankruptcy and/or a Chapter 13 bankruptcy? Chapter 7 bankruptcy is a liquidation proceeding. The debtor turns over all non-exempt property to the bankruptcy trustee who then converts it to cash for distribution to the creditors. The debtor receives a discharge of all dischargeable debts usually within four months. In […]