Vivix Credit Solutions specializes in Bankruptcy Removal and Las Vegas Credit Repair services. Free Bankruptcy Consultation from a Las Vegas Credit Repair Company. Vivix Credit Solutions is a licensed and bonded credit service organization that has successfully assisted clients with credit repair and correcting or removing bankruptcies that contain inaccurate, questionable, and unverifiable information reported to the credit bureaus.
Although the credit bureaus are required to follow reasonable procedures to ensure that the information they report is accurate, mistakes or errors can and will occur and may affect your credit score.
There are six types of bankruptcy under the Bankruptcy Code, however, the two most common types of bankruptcies for individuals are:

Chapter 7: Basic liquidation for individuals and businesses; also known as straight bankruptcy; it is the simplest and quickest form of bankruptcy available. The debtor surrenders his or her non-exempt property to a bankruptcy trustee who then liquidates the property and distributes the proceeds to the debtor's unsecured creditors. In exchange, the debtor is entitled to a discharge of some debt; however, the debtor will not be granted a discharge if he or she is guilty of certain types of inappropriate behavior (e.g. concealing records relating to financial condition) and certain debts (e.g. spousal and child support, student loans, some taxes) will not be discharged even though the debtor is generally discharged from his or her debt. Many individuals in financial distress own only exempt property (e.g. clothes, household goods, an older car) and will not have to surrender any property to the trustee. The amount of property that a debtor may exempt varies from state to state. Chapter 7 relief is avai
lable only once in any eight year period.

Chapter 13: Rehabilitation with a payment plan for individuals with a regular source of income; enables individuals with regular income to develop a plan to repay all or part of their debts; also known as Wage Earner Bankruptcy. The debtor retains ownership and possession of all of his or her assets, but must devote some portion of his or her future income to repaying creditors, generally over a period of three to five years. The amount of payment and the period of the repayment plan depend upon a variety of factors, including the value of the debtor's property and the amount of a debtor's income and expenses. Secured creditors may be entitled to greater payment than unsecured creditors. Relief under Chapter 13 is available only to individuals with regular income whose debts do not exceed prescribed limits.

According to the CEO of Fair Isaac Company (FICO) filing a Bankruptcy can cause the most severe damage to your credit score. Filing a Bankruptcy can damage your credit scores up to 150 points and the public record displayed on your credit file can remain for up to 10 years. Many consumers are advised that filing a bankruptcy will provide them with a œclean slate with their credit. However, this is not the case. Although filing a bankruptcy may eliminate some of your financial obligations, it does not correct or remove negative accounts from your credit report.
Vivix Credit Solutions in Las Vegas will perform a free consultation to review your credit report with you, determine the best credit repair program to meet your needs, provide you with pricing, and answer any questions that you may have about your credit, bankruptcy removal, and credit repair services.
Vivix Credit Solutions will also show you proof of the hundreds of Las Vegas clients who have received our credit repair services and will also show you proof of bankruptcy removals.
As noted in the Fair Credit Reporting Act, bankruptcies should automatically be removed from your credit report by each credit bureau 7-10 years from the last date of filing.
If you have a bankruptcy that is more than 7-10 years old and it has not been removed from your credit report, please contact our office for a free consultation with one of our Credit Experts to discuss how to remove the bankruptcy from your credit report.

    Vivix Credit Solutions can also assist you with:
    Late Payment Removal
    Collection Removal
    Charge-off Removal
    Bankruptcy Removal
    Judgment Removal
    Repossession Removal
    Tax Lien Removal
    Inquiry Removal
    ID Theft Correction
    Credit Score

    Note: According to industry research 70% of all credit reports have more than three errors in the consumer's credit file. Consumer Credit File Rights under Federal and State Law allows you to dispute inaccurate information in your credit report by contacting the credit bureau directly. However, neither you nor any œcredit repair company or œcredit repair organization has the right to have accurate, current, and verifiable information removed from your credit report. The credit bureau must remove accurate, negative information from your report only if it is over 7 years old. Bankruptcy information can be reported for