Las Vegas Bankruptcy Lawyers at Aaron & Paternoster Comment on Decline in Home Foreclosures in Nevada

Nevada bankruptcy attorneys at Aaron & Paternoster welcome news about a recent decline in Nevada home foreclosures, but remain concerned about the state’s overall ranking nationwide for default activity.

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While most people who declare bankruptcy in Nevada are able to keep their homes, the fear of foreclosure remains one of the biggest concerns we hear from clients we work with in Las Vegas and around the state.

Las Vegas, NV (PRWEB) June 26, 2014

Home foreclosures in Nevada declined in May by 57 percent compared to the previous May, but Las Vegas bankruptcy lawyer Matthew E. Aaron of Aaron & Paternoster understands many homeowners are still struggling.

In a June 9, 2014, article, the Las Vegas Review-Journal reported the state remains third nationwide for home foreclosures.

“While most people who declare bankruptcy in Nevada are able to keep their homes, the fear of foreclosure remains one of the biggest concerns we hear from clients we work with in Las Vegas and around the state,” Aaron said. “And while we’re pleased to see that the number of home foreclosures continues to decline in Nevada, the risk of someone losing their home in Nevada due to foreclosure remains a very real and serious concern.”

The latest statistics nationwide about home foreclosures were compiled by RealtyTrac in its May 2014 U.S. Foreclosure Market Report, the Las Vegas Review-Journal reported. Nationwide, home foreclosures fell 26 percent in May 2014 compared to May 2013. Nevada’s home foreclosure fell by 57 percent during the same time period, the eighth straight month in a row for such declines in Nevada, the Las Vegas Review-Journal reported.

Nevada ranks third for home foreclosures nationwide, behind Florida in first place and Maryland in second, according to the latest May 2014 statistics published by the Review-Journal.

Bankruptcy filings in Nevada have also continued to decline this year, according to statistics compiled by the United States Bankruptcy Court, District of Nevada. In March 2014, the most recent month available as of June 11, a total of 883 people or businesses filed for Chapter 7 bankruptcy that month, 19 filed for Chapter 11 bankruptcy and 166 filed for Chapter 13 bankruptcy. All three figures are less than the figures for March 2013 and mark the fifth straight month in a row of declines compared to the same month the previous year, according to the United States Bankruptcy Court, District of Nevada, statistics.

Nevada bankruptcy lawyer Glenn A. Paternoster, co-founder of Aaron & Paternoster, Ltd., said his firm works with people struggling to pay their mortgage and facing other major financial obstacles.

“We understand the pressure homeowners and business owners in Nevada face every day,” Paternoster said. “That’s why we’re eager to meet with you if you are considering filing for bankruptcy in Nevada. You have many legal options available to you. Allow us to help guide you through this complicated process. We thoroughly understand the law and we’re eager to help you get your life back on track.”

For more information about what to do if you’re considering filing for bankruptcy in Nevada or California, call (702) 384-411 or complete the online contact form.

The Las Vegas Review-Journal article cited is “Report: Nevada’s status as high-foreclosure market intact.”

About Aaron & Paternoster

Located in Las Vegas and serving clients throughout Nevada and California, the experienced personal injury lawyers at Aaron & Paternoster, Ltd., have a well-earned reputation for being knowledgeable, dedicated attorneys in Las Vegas, NV. Founded in 1996, the law firm handles a wide range of legal cases, including car accidents, truck accidents, motorcycle accidents, property accidents, casino accidents, bankruptcy, workers’ compensation and other cases. Aaron & Paternoster, Ltd., is committed to helping injury victims obtain the compensation they rightfully deserve. We work on a contingency fee basis. That means clients do not pay any fees if they don’t win.

Aaron & Paternoster
2300 W Sahara Ave #650
Las Vegas, NV 89102
(702) 384-4111
http://www.aaronpaternoster.com/


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