Las Vegas Bankruptcy Attorneys
Not the End – A New Beginning
Bankruptcy is a last resort when your debts become unmanageable. Many people view this is a negative thing, and while it is a serious commitment that will take time to recover from, it is ultimately a tool designed to help you. Declaring bankruptcy allows a debtor to obtain a fresh start. Once you’ve filed for bankruptcy, bill collectors can no longer harass you. You will have time to restructure your finances and recover from this situation.
At Hurtik Law & Associates, our experienced bankruptcy lawyers in Las Vegas help clients through every stage of the filing process. We can help you decide which type of bankruptcy is right for you, plan for what happens after you file, and help you set up a plan that will lead to a debt-free life.
The Most Common Types of Bankruptcy
When an individual files for bankruptcy, they will usually file for Chapter 7 or Chapter 13:
- Chapter 7 Bankruptcy – Only eligible for individuals who cannot pass “the means test,” which proves that they do not have enough disposable income to repay debts. This form of bankruptcy will completely discharge all your debts, but a trustee will be assigned to confiscate property and sell it to pay off the debts.
- Chapter 13 Bankruptcy – For people who can pay their daily expenses, but are having a difficult time paying scheduled debt payments. This will restructure your payment set-up into a three- to five-year plan that will put less burden on your finances.
For people who cannot pay their debts, bankruptcy is a saving grace, but it is not to be taken lightly. There are drawbacks to declaring bankruptcy, and it should only be used when absolutely necessary.
Discuss your debt problems with a compassionate Las Vegas bankruptcy attorney who wants to help. Call (702) 323-5750 today.