Chapter 7 Bankruptcy Attorneys in Las Vegas
Get on the Path to a Fresh Financial Start
If you are buried under heaps of debt and are tired of dealing with harassing creditors, our Las Vegas Chapter 7 bankruptcy lawyers can help. Filing for Chapter 7 can relieve you of the obligation to pay back certain unsecured debts, like credit card debt, medical expenses, and payday loans.
The decision to file for bankruptcy is not one that should be taken lightly. At Hurtik Law & Associates, our bankruptcy attorneys have over 50 years of collective experience. During your free initial consultation, we can evaluate your situation, answer your questions about the filing process, and help you make an informed decision about how to proceed.
Is debt ruining your life? Call (702) 323-5750 now to find out how to regain control.
Chapter 7 Bankruptcy Basics
Bankruptcy is a legal proceeding that many people resort to when they are unable to repay their outstanding debts. The simplest and most common type of bankruptcy is Chapter 7. The process begins with the debtor filing a petition with the court, stating that he or she is unable to pay their obligations. Included with the request is a statement detailing the individual’s assets, debts, and recent financial history.
Any assets that are considered “non-exempt” will be sold by a trustee. The proceeds from the liquidation of these assets will go toward paying back creditors. At the end of the process, if there are any remaining unsecured debts, they will be discharged. That means creditors will not be permitted to attempt to collect the debts you owe.
Qualifying for Chapter 7 Bankruptcy in Las Vegas
In a Chapter 7 bankruptcy, the bankruptcy trustee appointed to administer your case will sell any nonexempt property and distribute the proceeds to creditors. Several factors are taken into account to determine whether or not an individual has enough disposable income to repay their debts.
The means test examines several aspects of a person’s financial records, including:
- Unsecured debt
- Secured debt
- Family size
Those who pass the means test are eligible to file for Chapter 7 bankruptcy. If you should fail the means test, meaning you have enough disposable income to repay your debts, you may still have the option to file for bankruptcy through Chapter 13.
Eliminate Your Debt – Simplify Your Life
Do not wait another day to reach out to our Las Vegas Chapter 7 bankruptcy attorneys at Hurtik Law & Associates. If bankruptcy is the right option for you and your family, we can guide you through the complex filing process.
Contact (702) 323-5750 today to schedule a free consultation with our experienced bankruptcy lawyers.