Nevada Bankruptcy Attorneys Working to Save Your Home
If you are behind on your mortgage payments or have been notified of a pending foreclosure action, it is important that you take appropriate action to protect your interests and your home. Many people don't understand their rights and fear that they have no options. In fact, there are a number of options available that can allow you to keep your home.
Contact us online or by telephone at 702-425-5671 to discuss your case with one of our Henderson foreclosure lawyers.
Your Options When Facing Foreclosure
Filing for bankruptcy puts an immediate stop to all collection activity, including foreclosure actions. At the law firm of Bowler Dixon & Twitchell LLP, we provide comprehensive bankruptcy services to clients throughout the state, including Chapter 7 and 13 filings. Other options may include a short sale or a mortgage workout. We will take the time to explain your options as well as the pros and cons associated with a particular course of action.
Cancellation of Indebtedness Income
In certain circumstances, if a debt is forgiven, the amount of the forgiven debt may be treated as income for tax purposes, thus leaving you with a tax problem to deal with.This is true in certain short sales, certain foreclosures, other debt reduction negotiations and other situations. One exception to the debt forgiveness income rule is if the debt is discharged as part of a bankruptcy case. That is, if you file a bankruptcy and have certain debts discharged, there generally will not be any discharge of indebtedness income for tax purposes.When you hire our firm, we will work to ensure that you have all of the information you need to make the best possible decision for your situation and thoroughly evaluate whether, based upon your circumstances, you may benefit from a bankruptcy to avoid potential tax liabilities for cancelled or forgiven debt.
Call for a Free Bankruptcy Consultation
If you are facing foreclosure, let us help you. We offer a free initial consultation to bankruptcy clients so it won't cost you anything to get your questions answered. Contact us online or by telephone at 702-425-5671 to speak with an experienced Nevada lawyer. Our law offices are located in Henderson, Nevada, but we serve clients throughout the state.
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
