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Credit Card Debt Consolidation Help  in Nebraska
Call Today: (877) 274-1260
If you successfully complete our program, it’s possible that you’ll enjoy these benefits:
Settle your debts for less than you owe
  (read here for full details about how much you can expect to save)
Resolve your unsecured debts in 18 to 60 months
  (read here for full details on how long our program lasts)
No Up Front Fees - Don't Pay Till You See Results!
 
 
 
Nebraska  Debt Relief
Debt settlement, also known as debt negotiation and debt reduction, is the process by which we negotiate and settle a debt for a reduced amount on behalf of a client. When successful, it is possible that Franklin Debt Relief can settle their debts for less than what is owed, all with the convenience of one low program payment. The savings from our debt settlement program can potentially be tremendous versus making your minimum payments, and it is in some cases the cheapest and fastest debt relief, debt consolidation or debt help option available to Nebraska consumers.

If you're overwhelmed with credit cards, medical bills, balances from a repossession, or accounts in collections, call for a free consultation: (877) 274-1260.

 
Pertinent Nebraska  Debt Relief and Debt Help Laws
(This is intended to be a helpful and informational debt resource for Nebraska consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Nebraska.)

Debt Collection

Nebraska follows the set of federal laws dealing with collection agencies (and law firms that collect debts) that are collectively known as the Fair Debt Collection Practices Act (FDCPA). For more information on the FDCPA follow this link: debt collection.

-Original credit cannot contact any individual who is not living, residing, or present in the household of the borrower regarding the borrower's obligation to pay a debt, other than the borrower's spouse, the borrower's attorney, another creditor, or a credit reporting agency.

Nebraska Debt Law

Maximum Interest Rate a Collection Agency Can Charge in Nebraska: 6%

Nebraska Wage Protection: 85% of disposable weekly earnings or pension payments for heads of household; 75% of disposable weekly earnings (after tax income) or 30 times federal hourly minimum wage, whichever is greater

Statute of Limitations

A statute of limitations is a law that sets forth the maximum period of time, after certain events, that legal proceedings based on those events may be initiated. For debt, the statutes of limitation apply to the maximum period of time after a consumer has become delinquent on their payments. The key point to remember is that you are considered delinquent not from the date of your last payment, but rather the day after you have gone past due. In other words, if you made your last payment on 3/3/03 and your next payment was due the same day of the next month, the statute of limitations on the debt would not start running until 4/4/04. The statutes of limitations vary from state to state and depend on the type of debt and where the original transaction took place (i.e. if you took the loan out in California but currently live in Nebraska, the applicable statutes of limitations would be California's.)

Oral Agreements: 4 years
Written Contracts: 5 years
Promissory Notes: 5 years
Open Accounts (credit cards): 4 years

Bankruptcy Courts

111 South 18th Plaza, Suite 1125
Omaha, NE 68102
463 Robert V. Denney Federal Building
and United States Courthouse
100 Centennial Mall North
Lincoln, NE 68508

Bankruptcy Exemptions

Bankruptcy exemptions are protected assets that the bankruptcy code mandates that a debtor is entitled to keep in order to adequately get a "fresh start" after filing. Bankruptcy exemptions vary from state to state, and the following list is the property that is protected in the bankruptcy code of Nebraska. For more information, follow this link: bankruptcy exemptions.

Real Estate, Auto, Personal Property

-$12,500 for married debtor or head of household (cannot exceed 2 lots in city or village, 160 acres elsewhere; sale proceeds exempt 6 months after sale)
- Equipment or tools including a vehicle used in or for commuting to principal place of business to $2,400
-$2500 of any personal property, except wages, in lieu of homestead
-Clothing
-Furniture, household goods, appliances, household electronics, personal computers, books, and musical instrument to $1500
-Burial plot
-Crypts, tombs, lots, niches, vaults
-Health aids
-Perpetual care funds
-Personal injury recoveries
-Personal possessions

Insurance

-Fraternal benefit society benefits to $10,000 loan value unless beneficiary is convicted of crime related to benefits
-Life insurance or annuity contract proceeds to $10,000 loan value

Public Benefits

-Aid to disabled, blind, aged and other public assistance
-General assistance to poor persons
-Unemployment compensation
-Workers' compensation

Pensions

-County employees
-Deferred compensation of public employees
-ERISA-qualified benefits
-IRAs and Roth IRAs need for support
-Military disability benefits
-School employees
-State employees

Tools of Trade

-See personal property
 
 
 
 
 

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