Civil Litigation - to sue or not to sue

Rena McDonald

It may seem odd to have an attorney talk about the benefits of not litigating a case, but I spend a lot of my day having this discussion with my clients. Unfortunately, in our society, litigation is a part of everyone’s lives. Everyday I listen to people considering suing someone to resolve their issue. Litigation should be a last result and several factors should be evaluated before you commit to filing a law suit.

Is it worth it? First you must weigh the financial and emotional strain the litigation will place on you compared to the possible results. Even if someone has “wronged you”, the aggravation of a lawsuit may make pursuing them cost you more than it would them. Litigation can take a very long time and does not ensure immediate resolution of your issues. It is also very stressful and no amount of justice is worth your health.

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Credit Repair

Rena McDonald

Your credit score is one of the most important numbers in your life.  With a good credit score you can purchase a home, a car or take out a number of other loans with a low or 0% interest rate.

Due to these harsh economic times many people have fallen behind on credit card payments or defaulted on loans altogether.

Your ability to qualify for any loan is largely determined by your credit score. Additionally, your score will determine what type of terms you will receive. Because of this, having a good credit score may save you hundreds or thousands of dollars a year.

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Tax Debt

Rena McDonald

This may seem an odd time of year to write about to tax debt to most of you. Congratulations. That means you probably don’t owe any tax debt from last year. For the rest of you that filed your extension and have been nervously pretending that your extension date isn’t looming, this article is for you.

They are many different types of tax debt for individuals and businesses. Fortunately in Nevada, we don’t have a state personal income tax. But that doesn’t mean we don’t have state business and federal taxes for both you and your businesses that you are liable for.

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Bankruptcy

Rena McDonald

Bankruptcy is a federal mandated way for individuals to get out from the overwhelming weight of debt. You can eliminate your unsecured debt, keep your assets and start over. During these hard economic times many have taken a financial step back, especially in the Las Vegas area. The best way to help your self is to deal with your issues of debt now so you can set yourself up for a better financial tomorrow.

How does filing a bankruptcy stop creditors from harassing you?
From the day you file a bankruptcy action the harassment of creditors will stop. When you file for a bankruptcy an automatic stay is placed upon the creditors. That means the bank can not foreclose on your home, make harassing phone calls to you, send you threatening letters, or continue collection efforts against you. The bankruptcy stay order is one of the strictest orders in the United States Court System.

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