Bankruptcy: How Declaring Early Can Protect You

Law & Caution: Protection Through Legal Education

In this episode, our knowledgeable attorneys demystify the process of filing for bankruptcy, showing you that it can be a strategic move to safeguard the essential assets that sustain your life. There is no shame in exploring viable solutions to your financial problems.

Learn about the two common types of bankruptcies and determine if they're the right path for you. Join us as we unravel the complexities of bankruptcy, dispel misconceptions, and empower you to make informed decisions about your financial future.

This episode features two attorneys from the Consumer Rights Project at Legal Aid Center of Southern Nevada:

Peter Aldous is a seasoned Staff Attorney with a comprehensive knowledge of consumer law and extensive experience handling bankruptcy claims.

Patty Walsh is a Guardianship Attorney who, among many other things, previously handled bankruptcy litigation at the Nevada Attorney General’s Office.

Episode Timestamps

[00:00] Intro

[01:35] What Is Bankruptcy?/Chapter 7 Liquidation

[03:25] What Is Protected During Bankruptcy?

[04:00] What Debts Are Not Dischargeable?

[08:30] Fear of Bankruptcy Being Public

[11:25] Chapter 13 - Reorganizing Debt

[13:00] Why Bankruptcy Is Not Shameful/Secured vs. Unsecured Debt

[16:50] Never Too Late to File for Bankruptcy

[20:50] The Truth Game Show

[23:15] Overall Message

Links

1. Free Bankruptcy Class - 3:00 p.m. - 5 p.m., Fridays
2. Free Bankruptcy Resources
3. Civil Law Self-Help Center Bankruptcy - Includes pre-fillable forms
4. Chapter 7 Basics - US Bankruptcy Code
5. Chapter 13 Basics - US Bankruptcy Code

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