If you're struggling with financial difficulties, our Las Vegas bankruptcy attorneys are here to assist you. In many situations, bankruptcy can help protect your home from foreclosure. Bankruptcy protections are a common and effective way to safeguard your property from creditors. At The Law Offices of Mark Coburn, we'll help you assess your eligibility and guide you through the process of using these laws to protect your home.
If you reside in Nevada, you can benefit from bankruptcy protections designed to prevent foreclosure on your home and help you catch up on your payments. Even if you’re already behind and foreclosure proceedings have started, our attorneys can assist you in taking steps to halt the process.
By filing for bankruptcy, you can immediately stop foreclosure through an automatic stay, giving you the time needed to get current on your payments. We can help you restructure your debts and develop a manageable repayment plan based on your income.
When you file for bankruptcy in Nevada, the foreclosure proceedings are immediately halted. This means your mortgage lender must stop the foreclosure process and cease attempts to evict you from your home. The bankruptcy court has authority over local courts, even if the foreclosure proceedings were initiated first. Until the bankruptcy court takes further action, the mortgage holder cannot continue with the foreclosure.
Anyone can find themselves facing financial challenges and the threat of foreclosure. A shift in the real estate market, a job loss, or unexpected medical expenses can quickly lead to financial distress. The law is designed to protect individuals when they face these unforeseen circumstances. Nevada law is here to help you stay in your home and rebuild your life.
A Chapter 13 bankruptcy allows you to address all of your debts in one process. It provides a way to tackle the financial issues you're facing, including the protection of your home, which is a key part of your financial stability. In bankruptcy, you can also address other debts, such as overdue car payments, credit card balances, personal loans, and more. While not all debts can be discharged in bankruptcy, evaluating your entire situation is essential to creating the best plan for your financial recovery.